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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Editors Note. Since the publishing of this blog post, the Central Florida Foundation is no longer managing the distribution of donations to the OneOrlando Fund. The Foundation will now be administering the Better Together Fund. Read the full statement from the Foundation at www.cffound.org

 

Dear Colleagues,

Last week, I spent a day at the Colombian Embassy with 35 foundations from Colombia. The group was comprised of corporate and family foundations, members of the Association for Family and Corporate Foundation in Colombia (AFE), who co-hosted the event with the Council on Foundations. The goal of the day was for the Colombian delegation to learn more about the Council’s work and American philanthropy.

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Council on Foundations 2016 Interns

Toure’ Burgess, Lauren Hamilton, Lauren Wells, Mara Goldman, Sarah Stellwag, and McQuillin Murphy

 

The Council of Foundations’ summer interns are here!

In our continuing blog post series about the 2015 Grantmakers Salary and Benefits Report (GSB), this week we are tackling the key findings section of the report.

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Members, remember you can download the GSB for free.

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