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.

Refining the Business Case for Diversity, Equity and Inclusion within the Philanthropic Sector

Diversity Equity and Inclusion Preconference Session IconThis event is a preconference session at the 2017 Annual Conference.

Following up on the webinar we presented in August on the overtime rule that was issued by the Department of Labor in May, we wanted to inform the field that a federal judge in Texas has issued a nationwide injunction to halt the implementation of this rule.

The Council on Foundations today announced that the nomination period for its 2017 Awards Program is open now through January 4, 2017.

After meeting with senior officials at the Department of Treasury, the Council submitted a letter on October 21, 2016 to Elinor Ramey, Attorney Advisor in the Office of Tax Policy regarding private foundations and how they may use donor advised funds (“DAFs”) to further their grantmaking activity. 

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.

The Charitable Giving Coalition (CGC) urged Donald Trump and Hillary Clinton, the major party nominees for President of the United States, to support the full preservation of the charitable deduction in a letter the coalition sent to the candidates this week. Along with preserving the charitable deduction, the coalition pressed the candidates to support additional charitable giving incentives.

Registration is now open for the Council on Foundations’ 2017 Annual Conference — Leading Together — in Dallas, Texas, April 23-26, 2017. The Council’s annual conference is the premier event for the philanthropic sector, and Leading Together promises to be an immersive, thought-provoking experience dedicated to exploring the essential role that philanthropy plays in society to create transformational change.

 

Council CEO Vikki Spruill and special guest speakers analyzed the results of the 2016 election and discussed what it all means for the philanthropic sector.

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.