Hello, and welcome to New York City. I want to thank you for coming to our second annual Summit focused on finance and endowments.
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.
Below is everything on our site for independent foundations. You can use the filtering options on the right to narrow these results.
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.
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 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.
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 is pleased to announce the four new members of its board of directors, each of whom will serve for three years. Elected at the Council’s 2016 annual conference on April 11, Tonya Allen, the president and CEO of The Skillman Foundation, Jamie Merisotis, the president and CEO of the Lumina Foundation, Tony Mestres, the president and CEO of The Seattle Foundation, and R. Randall Royster, the president and CEO of the Albuquerque Community Foundation, join the Council’s 17-member board.
The Philanthropy-Joining Forces Impact Pledge today announced $7 million in new investments to strengthen services and support for millions of veterans and military families across the United States. With their commitments, PwC Charitable Foundation, Inc., Orange County Community Foundation, and CarMax and The CarMax Foundation join the 32 philanthropic organizations and corporations that have pledged since 2014. Through grants and other forms of support, nearly $283 million has been committed in the Impact Pledge to date.