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).

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Linking Local Investment to Global Goals 

Event Overview

There are significant challenges facing American communities today, including growing domestic inequality, increased poverty and harmful impacts from climate change. In Florida, members of the philanthropic community work in a variety of innovative and collaborative ways to improve quality of life and create sustainable local communities.

In this week's Washington Snapshot:

As the October 31 application deadline for our 2017 Career Pathways cohort draws closer, I thought it important to highlight why the Council believes so strongly in the talent expansion program — and what cohort members get from the experience.

On November 10, from 2 – 3pm ET, join Council CEO Vikki Spruill and our special guest speakers as we analyze the results of the 2016 election and discuss what it all means for the philanthropic sector.

Joining us will be Connie Schultz, a Pulitzer Prize winning columnist, who will share her thoughts on the election and its impact on our nation. What does the General Election in 2016 mean for our country? How does our nation begin to move forward cohesively? What do the results say about the state of our electorate?

The Council on Foundations’ 2016 Endowments and Finance Summit has come and gone, and based on the exceptional turnout and post-event buzz it appears to have been an enormous success. Over 200 foundation leaders, including chief executive officers, chief financial officers, chief investment officers, board members, and board investment committee leaders, came together to consider the future of the philanthropic sector and how to strengthen it.

This week, those affected by Hurricane Matthew are very much on our minds here at the Council. On Tuesday, the Council co-hosted a special webinar with the Center for Disaster Philanthropy to inform funders about recovery needs, and we have additional disaster philanthropy resources on our website.

In this week's Washington Snapshot:

  • President Obama Highlights First Department of Education Pay-for-Success Projects;
  • State Ballot Measures 2016;
  • Casey Family Program Provides Update on Federal Child Welfare Policy.

Read all this and more, online now.

Grantmaking into Latin America: Regulatory Challenges, Strategic Partnerships, and Emerging Opportunities

Grantmaking into Latin America IconThis event is a preconference session at the 2017 Annual Conference.

Immigration - How do we make it work?

Immigration Site Session IconThis event is a preconference session at the 2017 Annual Conference.

In this week's Washington Snapshot:

  • Bill to Delay Overtime Regulations Passes the House;
  • Bill Introduced to Remove Restrictions on Nonprofits Political Speech;
  • Tax Exempt & Government Entities Division Releases 2017 Work Plan;
  • New Jersey Bill Seeks to Protect Property Tax Exemptions from Third-Party Challenges.

Read all this and more, online now.