To keep you in the know about happenings that affect foundations that fund across borders and new opportunities for learning, sharing, and collaboration, I am excited to introduce you to the Council’s new Global Philanthropy Update. Every month, we will highlight resources available through the Council and share important news from the field.
The Council on Foundations defines a family foundation as one whose funds are derived from members of a single family, though this is not a legal term and has no precise definition. The Council on Foundations suggests that family foundations have at least one family member serving as an officer or board member of the foundation and, as the donor, that individual (or a relative) must play a significant role in governing and/or managing the foundation. Most family foundations are run by family members who serve as trustees or directors on a voluntary basis. In many cases, second- and third-generation descendants of the original donors manage the foundation.
Family foundations make up over half of all private (family, corporate, independent, and operating) foundations, or 40,456 out of approximately 73,764 foundations (Foundation Center, 2011). Family foundations make up approximately one-third of the Council’s membership.
Family foundations range in asset size from a few hundred thousand dollars to more than $1 billion. The holdings of family foundations total approximately $294 billion, or about 44 percent of all foundation holdings of $662 billion. Despite this, three out of five family foundations hold assets of less than $1 million. Family foundations gave away approximately $21.3 billion in grants in 2011 (The Foundation Center, 2011).
Below is everything on our site for family foundations. You can use the filtering options on the right to narrow these results.
D5’s Final State of the Work highlights voices of leaders in the field who share their stories of change and progress. Some are longtime advocates; some are newer enthusiasts. Each of them shares a perspective on what has worked and what challenges remain as they lead their institutions through changes to meet the demands of a new America.
This final report catalogs the stories that tell of human impact and human struggle to create a more equitable philanthropy. Some of these stories are:
Why do the Sustainable Development Goals matter to philanthropy?
These broad global goals address the same problems that our field is tackling: to reduce poverty, improve livelihoods and quality of life, and create a more equitable global society. Looking at the range of issues in the SDGs, all funders can find their work within these collective goals, regardless of what type of foundation you are and whether you fund programs in 90 countries or focus your grantmaking on a specific community in the United States.
Promoting economic development is not, by itself, a charitable purpose. Grantmakers seeking to help people and communities achieve economic self-sufficiency must therefore find a connection between a proposed activity and one or more recognized charitable purposes. In this Legal Lunch Series, Suzanne and Bryan will discuss IRS rulings, court cases and activities proposed by members to help explain what is needed in order to make grants for economic development.
In this week's Washington Snapshot:
When I noticed late last year that the Council on Foundations’ annual conference would focus on climate change, I was delighted. For The Fund for New Jersey and other place-based funders, climate change has been a daunting challenge. We are a small foundation in a state with no coal-fired plants and we anticipated from the beginning that there would be a limit to what we could accomplish on this global problem.
The Council on Foundations Job Board
The Council on Foundations Philanthropic Career Center is the home for foundation careers and jobs in the United States and around the world. This job board is the premier recruitment site for foundations looking to hire foundation professionals.
In this week's Washington Snapshot: