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.

This post originally appeared as an op-ed in The Chronicle of Philanthropy on June 24, 2016 with the title "Brexit Vote Will Force Philanthropy to Tackle Many Tough Issues."

The vote for Britain to exit the European Union took philanthropy and the rest of the world by surprise. But it raises tough new questions about how grant makers should respond to political and financial turmoil and uncertainty.

I started this blog post earlier in the month to recognize June as Lesbian, Gay, Bisexual, Transgender, and Queer (LGBTQ)* Pride Month, but the tragedy in Orlando rightly caused the Council and my blog post to change course. As June comes to a close, it seems fitting to celebrate the LGBTQ community and the steps which our society has taken on its journey toward full equality.

In this week's Washington Snapshot:

The second chapter of the Council’s full 2015 Grantmakers Salary and Benefits Report provides extensive data on staff and salaries. In it, we offer tables on everything from the size of responding foundations to the diversity and salaries of their full-time staff and the tenure and turnover of various staff members. Later chapters also feature extensive salary data, but this chapter focuses on CEOs and program officers in particular.

Get the Report

In this week's Washington Snapshot:

  • Philanthropy Asks Congress to "Grow Philanthropy Now";
  • Learning Opportunity: How Broadband Access Supports Local Priorities;
  • Summit Explores Potential of Pay-for-Success in Education;
  • RS Holds Meeting to Discuss Recommendations from the Sector;
  • Giving USA Releases 2016 Report.

Read all this and more, online now.

Giving USA 2016 was released this week and found that overall U.S. charitable giving from all sources—including individuals, bequests, foundations and corporations—reached an estimated $373.25 in 2015. This was an all-time high for the second consecutive year.

The 2016 Grantmakers Salary and Benefits Survey is now open. This survey and the resultant reports are valuable benchmarking tools designed specifically to collect compensation and benefits data for positions at community, private (family and independent), and public foundations, and other staffed grantmaking entities. This annual survey is one of the most important and effective resources for our members and for the field and we encourage you to participate. The deadline for participation this year is July 15th.

Editors Note. Since the publishing of this blog post, the Central Florida Foundation is no longer managing the distribution of donations to the OneOrlando Fund. The Foundation will now be administering the Better Together Fund. Read the full statement from the Foundation at www.cffound.org

 

Dear Colleagues,

Last week, I spent a day at the Colombian Embassy with 35 foundations from Colombia. The group was comprised of corporate and family foundations, members of the Association for Family and Corporate Foundation in Colombia (AFE), who co-hosted the event with the Council on Foundations. The goal of the day was for the Colombian delegation to learn more about the Council’s work and American philanthropy.

In this week's Washington Snapshot:

  • Senate Philanthropy Caucus Co-Chairs Encourage Colleagues to Join;
  • Machine-Readable 990s to Become Available Next Week;
  • Secretary Kerry Addresses Concerns with New Chinese Law;
  • When to Use Which Fund;
  • Unfunded State Liabilities are Driving Policy Challenges.

Read all this and more, online now!