Public Foundations

Public foundations are grantmaking public charities that gain their funds from a variety of sources, which may include foundations, individuals, corporations, or public entities. Public foundations may engage in fundraising, and may seek broad public financial support. They may or may not have endowments. There is no legal definition of a public foundation, but most dedicate a significant portion of their annual budgets to grantmaking. Most community foundations are also grantmaking public charities.

Since public foundations may be defined in different ways, and there is no official IRS or legal definition of public foundations, it is difficult to arrive at statistics that are fully representative of the field.

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

Hit by one of the largest U.S. disasters since Hurricane Sandy, residents and communities in the State of Louisiana are experiencing historic flooding and need your help. Several deaths have been attributed to the flooding, tens of thousands of people have been evacuated, and thousands are currently in shelters. Federal and state government aid won’t be enough; our charitable contributions are critical to helping thousands of families and individuals recover and rebuild. 

Stephanie Bell-Rose is the Senior Managing Director and Head of the TIAA Institute.

The Council on Foundations’ 2016 Endowments and Finance Summit is just around the corner – Sept. 28-30 – and as co-chair of the convening's working group, I strongly encourage you to register for it!

To keep you in the know about happenings that affect foundations that fund across borders and new opportunities for learning, sharing, and collaboration, I am excited to introduce you to the Council’s new Global Philanthropy Update. Every month, we will highlight resources available through the Council and share important news from the field.

For foundations that offer charitable remainder annuity trusts (CRATs), a new revenue procedure (Rev. Proc. 2016-42) offers a sample provision that may be included in the governing instrument of the trust (CRAT) and provides that the IRS will treat the sample provision as a qualified contingency within the meaning of § 664(f) of the Internal Revenue Code.

Continuing our blog post series about the 2015 Grantmakers Salary and Benefits Report (GSB), this week let’s take a look at the third chapter, “Issues Specific to the Chief Executive Officer.”

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Members, remember that you can download the GSB for free.

Promoting economic development is not, by itself, a charitable purpose. Grantmakers seeking to help people and communities achieve economic self-sufficiency must therefore find a connection between a proposed activity and one or more recognized charitable purposes. In this Legal Lunch Series, Suzanne and Bryan will discuss IRS rulings, court cases and activities proposed by members to help explain what is needed in order to make grants for economic development.

In this week's Washington Snapshot:

When I noticed late last year that the Council on Foundations’ annual conference would focus on climate change, I was delighted. For The Fund for New Jersey and other place-based funders, climate change has been a daunting challenge. We are a small foundation in a state with no coal-fired plants and we anticipated from the beginning that there would be a limit to what we could accomplish on this global problem.

In this week's Washington Snapshot: