In this issue of Washington Snapshot:
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.
When Jessica David was wondering how to support her new hire, who was tasked with telling her foundation’s story online, she turned to her peers for advice.
With partnerships being very important in making the most of innovative ideas, how does one develop an authentic partnership? In a recent situation, I developed a partnership with several individuals to implement an idea at a large conference. Here are the lessons I learned:
In this issue of Washington Snapshot:
- Senate Tax Reform Hearings
- Lost Lois Lerner E-mails
- Social Impact Bond Act Introduced in House
- NOTICE Act Introduced in Senate
- Political Activity Rules Could be Expanded, Commissioner Says
- 2013 Giving USA Numbers Released
- Form 990 Data Availability
- Can Philanthropy "Fix" Democracy?
How can we engage older residents while tapping their expertise? In 2006, The New York Community Trust responded to an invitation from Atlantic Philanthropies offering challenge to get people over 60 involved as they improve life for everyone in their communities. Atlantic’s effort, called the Community Experience Partnership, used this tagline: “in the 60s they changed the world, in their 60s they might do it again.”
At the Council on Foundations Annual Conference in Washington, D.C., some funders were expressing a move toward a new way of doing business with their grantees. Accountability has long been a theme in grantmaking. It has traditionally been top-down – foundations being held accountable to the people whose money they are spending and grantees being held accountable to the foundations.
In this week's issue of Washington Snapshot, you'll read about:
- Community Foundation Survey
- Implications of Cantor Loss
- Impact of McCutcheon on Grantmaking
- Future Challenges and Opportunities for Community Foundations
- 2014 Annual Conference - Recap!
- Announcing New Board Members and Chair
Read all this and more online!
As a foundation whose roots trace back more than 80 years, reflection on the past is a key part of our process for moving forward. Are we staying true to the values and the intent of our late founder, Will Keith Kellogg, as we steward the resources he left to improve the lives of children and families? And can we employ new approaches to using those resources to maximize our impact on those he cared about most?