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).
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Typhoon Haiyan was one of the worst disasters to hit the Philippines in decades. This webinar was conducted one month after the Super Typhoon made landfall, killing more than 5,000 and causing billions in damages. Representatives from the Philippines Embassy in Washington, DC, Accenture, and the Church of Jesus Christ of Latter Day Saints Emergency Response discussed assessments made about the known long-term needs, and the needs that may emerge in the months and years to come.
This webinar shows how 10 states are implementing a web-based platform to help foundations and other community organizations respond effectively to civic challenges.
The Urban Institute's system includes tools community foundations can use to:
This webinar covered effective ways of communicating with members of Congress using the Internet and social media.
Is your foundation using best practices for internal processes? Hear how the Archstone Foundation addressed the various needs of a multigenerational workforce that values its employees and offers incentives to increase motivation, productivity, and employee satisfaction. You will also learn how The Irvine Foundation reviewed its 10-year-old, paper-intensive grant process and developed a more streamlined, technology-driven approach while providing more readily available information to program staff and key executives.
In this age of austerity, it is more important than ever to ask and answer how foundations' decisions impact the fields they work in. Join foundation grantmakers for this two-part webinar as they share lessons learned from grantee budget reductions and business model changes.
Special thanks to Robert Wood Johnson Foundation for sponsoring this webinar.
Representatives from the Robert Wood Johnson Foundation discuss how their foundation became a Web 2.0 philanthropy and the effects it had on their employees, grantees, and programming.