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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The 2015 Annual Meeting

Join us in San Francisco!
April 26 - 28, 2015

Preconference: April 24 & 25, 2015
San Francisco Marriott Marquis

D5′s 2014 State of the Work highlights new tools and resources, recently completed research, and new organizational approaches that can help foundations and philanthropic organizations take action, achieve their goals regarding DEI, and advance the common good.

This study conducted by Forward Change provides a holistic, in-depth picture of the career experiences of 43 philanthropic professionals of color ranging from Program Officers to CEOs working in a diverse array of foundations.

Population-focused funds (PFFs) are giving vehicles established by and for members of racial, ethnic, tribal, gender, sexual-orientation, and other identity-based communities to address critical issues within those communities.

Join the Council for a briefing by Purdue University’s Military Family Research Institute (MFRI) on Monday, August 11 at 1:00 PM ET, regarding mental health issues faced by Active, Guard, and Reserve service members and their families.

To support leaders in their efforts to take meaningful action to address diversity, equity, and inclusion (DEI) in their organizations, D5 commissioned JustPartners, Inc. to identify the most effective policies, practices, and programs to advance DEI.

Register Today

Are you new to philanthropy and unsure about the due diligence process for making a successful grant? Have you been in the field for several years, but are still unclear on the legal aspects of grantmaking or how to spot red flags in grantee financial statements? If you answered "yes" to any of the above, please consider joining us for NCG's 2014 New Grantmakers Institute.

Communities across the country are experiencing rapid demographic shifts, and foundations that use place-based giving strategies must adapt their grantmaking to recognize these changes. Join us in a discussion about the multiple ways foundations define place-based philanthropy, its potential challenges and advantages, and the various approaches to this work.
 
 
Moderator:  Ericka Plater-Turner, Senior Director of Member Experience, Diversity and Inclusion, The Council on Foundations

As communities are being asked to address growing social challenges with diminishing resources, the field of philanthropy is placing increasing emphasis on collaboration with businesses, nonprofits, and government in its work for the common good. The webinar will examine the dynamic role of philanthropy as a convener, catalyst, collaborator, and partner across a wide and diverse range of issue and interests.

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