HUD No. 14-128
Private foundations make grants based on charitable endowments. The endowment funds come from one or a small handful of sources -- an individual, a family or a corporation. Because of their endowments, they are focused primarily on grantmaking and generally do not raise funds or seek public financial support the way public charities (like community foundations) must.
Private independent foundations are distinct from private family or corporate foundations in that an independent foundation is not governed by the benefactor, the benefactor’s family or a corporation. Of the largest private foundations in the United States, most are independent foundations, although they may have begun as family foundations or were converted from corporate foundations. There is no official IRS or legal definition of independent foundations, so it is difficult to arrive at statistics that are fully representative of the field.
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HUD No. 14-128
William S. White with Council President and CEO Vikki Spruill after accepting his honor.
The Council is aware that an individual healthcare worker, who has since tested positive for Ebola, recently travelled from the Cleveland airport. To date, there are no confirmed cases of Ebola in Ohio.
The Council is closely monitoring the information provided by the Cleveland Department of Health, the Ohio Department of Health, and the Centers for Disease Control and Prevention (CDC).
In an abundance of caution, the Council has reached out to local health officials and conference venues.
The Council on Foundations today announced the release of its 2014 Grantmakers Salary Tables and Board Compensation Tables. Both publications include data collected through the Council’s annual Grantmakers Salary and Benefits survey, and represent two of the most comprehensive sets of data on U.S. foundations’ staff compensation and board compensation practices available.
The Council on Foundations announced today that Darcy Oman, President and CEO of The Community Foundation Serving Richmond and Central Virginia, received the Distinguished Service Award. And, Shelley Trott, Director of Arts Strategy and Ventures for the Kenneth Rainin Foundation received the Robert W. Scrivner Award for Creative Grantmaking for innovation and strategic vision in grantmaking.
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This afternoon, the United States House of Representatives passed an important legislative package impacting philanthropy, the “America Gives More Act of 2014” (H.R. 4719), with a bipartisan super-majority vote of 277-130.
While a sizable number of Democrats voted against the bill because of concerns over how to pay for these provisions, they nonetheless expressed support for the policies advanced by the charitable provisions in the bill.
When we face a new challenge, one of our first instincts is to reach out to someone for advice. By collaborating, sharing resources, and discussing common challenges, you and your peers multiply your impact and advance the common good.
The Council on Foundations' 2014 Grantmakers Salary and Benefits Survey is now closed. The 2014 Salary Tables will be published this fall and the full report will be released in early 2015.
The survey collects information on benefits policies and practices, as well as compensation data for 35 positions at community, corporate, private, public, and operating foundations. New to this year's report: