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.

I dare you to watch the video below and not smile.

It’s ok – I’ll wait the three and a half minutes it will take you to watch it. Just click “play” and I’ll pick up this post when you’re done.

So, was I right?

Not only did you smile, but I bet this wonderful kid – known online as Kid President – also gave you something to think about.

In this week's Washington Snapshot: 

“You can do a lot with $1.” A simple but powerful phrase at the heart of GiVE 365, the Community Foundation of Greater Memphis’ dollar-a-day giving circle. Formed in 2010, GiVE 365 unites and informs emerging philanthropists to make a collective impact on Greater Memphis. Members donate $365 a year, pool their money with others, and vote on both an annual grant making theme and grant recipients.

Austin, Texas, is the top spot to be an entrepreneur, make movies, get fit, have a dog, and eat barbeque—but as recently as a decade ago we ranked near the bottom of per capita giving. While other Texas cities, like Dallas, Fort Worth, Houston and San Antonio, have a long history of philanthropy, ours was principally a university town and state capital. That is, until the 1990s when the limestone outcroppings west of downtown sprouted glass office buildings and became the “Silicon Hills.”

This week's Washington Snapshot came out a day early because the news was just too exciting to wait! In it you'll read about:

In conjunction with our 90th Anniversary, the Connecticut Community Foundation hosted our first online giving challenge, Give Local Greater Waterbury and Litchfield Hills in November 2013.

In this week's Washington Snapshot:

For nearly 100 years, the California Community Foundation (CCF) has been defined by the diverse passions of the more than 1,700 donors who share a dream for a better future. CCF’s initiative, Building a Lifetime of Options & Opportunities for Men (BLOOM), exemplifies this passion by addressing some of L.A. County’s toughest challenges by bringing community and financial resources to the table to create possible solutions.

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