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 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.
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.
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.
The Council on Foundations is pleased to announce the application period for its flagship leadership development program, Career Pathways, is open now through October 31, 2016. Through Career Pathways, the Council seeks to increase the number of candidates from diverse backgrounds in the leadership pipeline and develop a generation of diverse leaders who are committed to the principles of diversity, equity, and inclusion within their own organizations and the broader philanthropic sector.
Hello, and welcome to New York City. I want to thank you for coming to our second annual Summit focused on finance and endowments.
Today, the Council on Foundations welcomes more than 200 foundation chief executive officers, chief financial officers, chief investment officers, board members, and board investment committee leaders from across the country to its annual Endowments and Finance Summit.
Today, the United States became the first high-income nation to join Kenya, Colombia, Indonesia, and Ghana as pilot countries in the SDG Philanthropy Platform. The global SDG Philanthropy Platform, managed by Rockefeller Philanthropy Advisors, the Foundation Center, and UNDP, brings together foundations and philanthropists across the world to build partnerships between philanthropic organizations, the United Nations, governments, civil society, and business to achieve the 2030 Sustainable Development Goals (SDGs).
A new report released today by the Council on Foundations highlights the critical role that U.S. philanthropy plays in helping to realize the United Nations’ 2030 Sustainable Development Goals (SDGs). The study, “From Global Goals to Local Impact,” outlines in detail how the new global development framework is universally applicable to the work of U.S. foundations, and presents concrete ways in which funders can integrate the SDGs into their domestic grantmaking.