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.

The Council launched a new approach to membership to better reflect the diversity of the field, but what does that mean for you? Join this members-only conference call to hear more about the model, understand the new renewal process and get your questions answered by Council staff.

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West Central Initiative (WCI) is one of six community foundations in Minnesota created by the McKnight Foundation in 1986 to response to the farm crisis. Together, we cover the area of the state called “Greater Minnesota.” We have cities and towns in all of our regions, but we are commonly understood to be representative of rural Minnesota.

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Private Grantmakers include private, independent and family foundations, along with operating private foundations, grantmaking LLCs and private health-conversion foundations.

Need more information? A member of our team is available to assist at membership@cof.org.

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