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.

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).

The Council on Foundations Job Board

The Council on Foundations Philanthropic Career Center is the home for foundation careers and jobs in the United States and around the world. This job board is the premier recruitment site for foundations looking to hire foundation professionals.

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.

The Council on Foundations-Commonfund Study of Responsible Investing was released jointly today by the two representative organizations. The study, believed to be the largest of its kind, provides foundations with invaluable insights into how the sector and individual portfolios are being shaped by responsible investing practices, potential hurdles to their adoption, and what the entry points are for those interested in fully engaging these practices in their endowment strategies.

The Advocacy Toolkit is designed to be a central resource for Council members and others engaged in the philanthropic space to learn about why it is important—now more than ever—for philanthropy to have a voice in policy, how to effectively use advocacy and lobbying to advance your mission, what the most critical or priority “asks” are for the sector at any given time, and

The Council on Foundations, a member of the Global NPO Coalition on FATF, applauds the Financial Action Task Force’s (FATF) recent update to its counter-terrorism recommendation on NPOs, specifically grantmakers.

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.

On May 18, 2016, President Obama and Secretary Perez announced the publication of the Department of Labor’s final rule updating the overtime regulations.

Key Provisions

The Final Rule focuses primarily on updating the salary and compensation levels needed for Executive, Administrative and Professional workers to be exempt. Specifically, the Final Rule:

The Council on Foundations wrote to the Department of Treasury and the Internal Revenue Service (IRS)  to urge them to prioritize several regulations and guidance documents that impact our members. Each year, the Priority Guidance Plan identifies and prioritizes those tax issues that the agencies should address through regulations or revenue rulings, procedures, notices, and guidance throughout the upcoming year.

Corporate tax integration (“corporate integration”) is a tax reform topic that Senate Finance Chairman Orrin Hatch (R-UT) has been discussing for some time now. Chairman Hatch has indicated his intent to present a corporate integration proposal by the end of June 2016.