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.

Just before the Annual Conference, the Career Pathways cohort met up in Dallas for our next session. Here’s what we did during these three days of learning, sharing, and growth.

We went all-in right from the start. On the first day, the cohort gathered in a circle to share stories of self-care, personal celebration, promotion, and work/life balance. By now, we were friends reuniting in a familiar space, which enabled us to talk freely about taking risks, seizing opportunities, and navigating our careers as women, people of color, and/or allies focused on DEI.

In This Week's Edition of Snapshot...

  • Tax Reform Update: Congress must address a packed agenda before getting to tax reform
  • "Johnson Amendment" may be discussed in House hearing
  • DOE aims to reduce regulations following EO
  • President Trump unveils infrastructure plan in budget
  • In the States: Nonprofits ratchet up pressure to break Illinois budget impasse; Texas bans governments from seeking sermon disclosures

This webinar will help our private foundation members understand the rules for how they can participate in public policy advocacy. You will have a chance to interact with researchers from TCC documenting lessons from public policy advocacy campaigns supported by philanthropy.  Consider how your foundation can add value to public policy advocacy and stay within the rules.  

Speakers

Katherine Locke, Associate Director, Evaluation, The TCC Group

Join us in New York!

Now in its third year, the Endowments and Finance Summit is the premier convening to hear expert insights and have in-depth conversations on the best practices and financial strategies to get a competitive advantage in the philanthropic advisory marketplace. Here’s why you should attend:

In This Week's Edition of Snapshot…

  • Take Action: Extend the Charitable Deduction to All Americans
  • Tax Reform Update: Competing legislative priorities complicate tax reform prospects
  • State Reliance on Federal Funds
  • New York Revitalization Act Amendments Go into Effect

Editor’s Note: This blog post spotlights Community Foundation of the Lowcountry, which was one of 10 recipients of the 2017 HUD Secretary’s Award for Public-Philanthropic Partnerships. The awards are a joint effort between the U.S.

In This Week's Edition of Snapshot…

  • Ways and Means holds tax reform hearing, tension builds around border adjustment idea
  • New research estimates sharp decrease in giving under proposed tax code changes
  • Trump administration releases FY 2018 budget
  • In the States: New York nonprofit contractors take on City Hall; Texas two-step on nonprofit independence and public disclosures

Council staff are back in D.C. after a whirlwind Annual Conference in Dallas last month, where we were joined by more than 1000 attendees from around the world. You can see conference highlights at cof.org/2017annual. Thank you to all of our global speakers and especially to our global conference sponsors: Walmart Foundation, Gordon and Betty Moore Foundation, Hilton Foundation, Wallace Global Fund, and CAF America.