Private Foundations

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 foundation” is the umbrella term that includes corporate, independent, family, and operating foundations.  As of 2011, there were 73,764 private foundations in the United States (Foundation Center, 2011).  

In 2011, private foundations held more than $604 billion in assets and gave away more than $45 billion (Foundation Center, 2011).  

Below is everything on our site for private foundations. You can use the filtering options on the right to narrow these results.

On May 20th, Congressman Erik Paulsen (R-MN-3) introduced H.R. 4691, a bill that would simplify the private foundation excise tax to a flat rate of 1 percent—a position the Council has long supported. The bill is co-sponsored by Congressman Danny Davis (D-IL-7).  Council President and CEO, Vikki Spruill, made the following statement in support of this important legislation:
 

In this week's edition of Washington Snapshot, you'll find:

Democratic Practice

In this week's edition of Washington Snapshot, you'll find:

  • The IRA Charitable Rollover - Working Toward Permanence & Expansion
  • New Dates - "Tax Reform: Charting the Future of Philanthropy" Webinars
  • Happenings on the Hill
  • Philanthropy News and Op-Eds

Read it online now!

In this weeks This Week at the Council, you'll read about:

  • Deadline Extended: Submit Your Nominations for the Council Award Program
  • Elevating Philanthropy's Support for Veterans
  • Loyola University Honors Vikki Spruill
  • Healthy Minds Healthy Communities
  • Tweet of the Week

Read it online now!

A lot has been accomplished over the years since HIV/AIDS first was discovered. Scientists have come a long way toward finding a cure, and in the process many of those afflicted with the disease are living much longer than in the past.

It’s the incremental steps made by scientists around the world that have gotten us this far.

At a recent gubernatorial candidate forum I attended in Rhode Island, a Brown University professor presented on the challenges of climate change for the Ocean State. His last slide gave three examples of “win-win solutions.” At the top of the list was the Green & Healthy Homes Initiative (GHHI).

In this issue:

  • First Lady and Dr. Jill Biden Announce Philanthropy-Joining Forces Impact Pledge
  • Council Comments on IRS Priority Guidance Plan
  • Congress Takes Up Extenders
  • Favorable IRS Rulings to Know About
  • Philanthropy News and Op-eds

Read this issue.

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