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. Due to the large number of resources on our website, we highly recommend you use the site navigation or the search feature to find what you are looking for.
Document Retention & Destruction Guidelines
Sample Document
This Document Retention and Destruction Policy of the Council on Foundations ("the Council") identifies the record retention responsibilities of staff, volunteers, members of the Board of Directors, and outsiders for maintaining and documenting the storage and destruction of the Council’s documents…
Public Disclosure Requirements for Foundations
Legal Compliance Guidance
Every organization exempt under Section 501(c)(3) of the Internal Revenue Code is required to disclose certain information to the public:
The organization’s exemption application, Form 1023, is subject to public disclosure, along with any documents supporting the application and any letters from…
IRS Search Tool: Select Check
External Resource
Grantmakers searching for more detailed information about the charitable status of their potential grantees may find the answers they need in the IRS Select Check tool.
This IRS online search tool allows the user to:
(1) search the IRS public charity list, known as IRS Publication 78, for data to…
Career Pathways
About the Career Pathways Program
Career Pathways, founded by the Council on Foundations in 2010, is a selective leadership development program that cultivates bold, representative, and inclusive decision-makers to lead the philanthropic sector. The program is rigorous, highly personal, and built…
To Help Bridge Differences, Philanthropy Should Invest in Strong Institutions
This blog is part of the Council's Dialogue Across Difference series. In this space, we will share your viewpoints: In a time of polarization and mistrust, how can philanthropy bridge across difference?
Institutions are the vehicles through which we negotiate our differences. These days, though,…
Webinar Recording: Self-Dealing Concerns for Corporate and Private Foundations
Legal Compliance Guidance, Recording
In this webinar, the Council’s Legal Resources team took an in-depth look at the self-dealing rules applicable to private foundations under section 4941 of the Internal Revenue Code. This webinar provided an analysis of the relevant rules and regulations governing transactions between private…
Diversity, Equity, and Inclusion - October Peer Learning Circle
The Council on Foundations proudly unveils an exciting new member benefit tailored for foundations of all types, DEI Peer Learning Circles. This engagement opportunity is designed to connect foundation staff of all levels across the country who are working to explore, design, implement, or refine…
Diversity, Equity, and Inclusion - September Peer Learning Circle
The Council on Foundations proudly unveils an exciting new member benefit tailored for foundations of all types, DEI Peer Learning Circles. This engagement opportunity is designed to connect foundation staff of all levels across the country who are working to explore, design, implement, or refine…
Diversity, Equity, and Inclusion - August Peer Learning Circle
The Council on Foundations proudly unveils an exciting new member benefit tailored for foundations of all types, DEI Peer Learning Circles. This engagement opportunity is designed to connect foundation staff of all levels across the country who are working to explore, design, implement, or refine…
Diversity, Equity, and Inclusion - July Peer Learning Circle
The Council on Foundations proudly unveils an exciting new member benefit tailored for foundations of all types, DEI Peer Learning Circles. This engagement opportunity is designed to connect foundation staff of all levels across the country who are working to explore, design, implement, or refine…
Diversity, Equity, and Inclusion - June Peer Learning Circle
The Council on Foundations proudly unveils an exciting new member benefit tailored for foundations of all types, DEI Peer Learning Circles. This engagement opportunity is designed to connect foundation staff of all levels across the country who are working to explore, design, implement, or refine…
Diversity, Equity, and Inclusion - May Peer Learning Circle
The Council on Foundations proudly unveils an exciting new member benefit tailored for foundations of all types, DEI Peer Learning Circles. This engagement opportunity is designed to connect foundation staff of all levels across the country who are working to explore, design, implement, or refine…
Diversity, Equity, and Inclusion - April Peer Learning Circle
The Council on Foundations proudly unveils an exciting new member benefit tailored for foundations of all types, DEI Peer Learning Circles. This engagement opportunity is designed to connect foundation staff of all levels across the country who are working to explore, design, implement, or refine…
Diversity, Equity, and Inclusion - March Peer Learning Circle
The Council on Foundations proudly unveils an exciting new member benefit tailored for foundations of all types, DEI Peer Learning Circles. This engagement opportunity is designed to connect foundation staff of all levels across the country who are working to explore, design, implement, or refine…
2024 Grantmaker Salary and Benefits Survey (GSB)
Since 1980, the Council's Grantmaker Salary and Benefits (GSB) Survey has provided the sector with the most comprehensive data on staff composition and compensation in the United States. Grantmakers rely on this annual report to plan budgets, benchmark personnel policies and practices, determine…
Info Session: Why Building Together 2024 Is the Place to Be
Do you have questions about Building Together 2024? Join us for an info session to hear more about how this new, sector-wide event will teach you the skills to bridge differences in a highly polarized society, with:
Amazing speakers like David Brooks, Mónica Guzmán, and Amanda Ripley;
Half-day…