Family Foundations

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.

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In this issue:

  • Council Releases Summary of Camp Bill
  • Federal Tax Policy News
  • Treasury Solicits Input on 2014-15 Priority Guidance Plan
  • IRS TE/GE Reorganization 
  • Other Happenings on the Hill
  • State Issues 

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In this week's edition of Washington Snapshot:
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  • More on the Tax Reform Act of 2014
  • Property Tax Proposal in Connecticut
  • California Senate Votes "No" on Political Activity Bill
  • New Papers on the Future of State Charities Regulation
  • Philanthropy Op-Ed

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  • Camp Bill Sets Critical Precedents
  • 501(c)(4) Rules Elicit Strong Public Response
  • Philanthropy Week in Washington Recap
  • Other News in Philanthropy

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In this issue:

  • Philanthropy Leaders Converge on D.C. for Philanthropy Week
  • President Obama Releases FY 2015 Budget
  • Chairman Camp's Tax Reform Bill
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In this issue:

  • Chairman Camp Releases Tax Reform Proposal
  • Philanthropy Week Update
  • Council Submits Comments on Proposed 501(c)(4) Regulations
  • President highlights foundations' investments in My Brother's Keeper initiative announcement
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In this week's issue:

  • Senate Philanthropy Caucus Briefing During Philanthropy Week
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  • More tax extenders buzz
  • Polarized views on IRS political activity rules
  • IRS 2013 Changes to Form 990-PF
  • State Activity

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This blog was originally posted on Philanthropy Northwest's website.

In this issue:

  • Philanthropy Week in Washington
  • President's State of the Union Address
  • Tax News
  • Baucus' Path to China

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