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. Due to the large number of resources on our website, we highly recommend you use the site navigation or the search feature to find what you are looking for.
Extension of Tax Filing Deadlines for Tax-Exempt Organizations in 2020
Legal Compliance Guidance
IRS Notice 2020-23, issued on April 9, 2020, clarifies that tax-exempt organizations are fully included in COVID-19 relief. Specifically, the filing and tax payment deadlines for IRS Form 990 series (990, 990-EZ, 990-PF, and 990-T) normally due between April 1, 2020 and July 15, 2020 are…
Philanthropy's Response to Spring 2020 Severe Storms
Disaster Overview
Communities across the South and Southeastern United States are reeling from at least 34 tornadoes and severe storms that have left many dead and more than a million people are without power. This is particularly devastating for an area of the country that has been grappling with…
What is the Courageous Opportunity for Companies in this Crisis?
Joint Letter
The global community is in the middle of a cataclysm that is unprecedented in modern times as it stares down COVID-19. The humanitarian and economic toll is staggering, and the future is unfathomable.
While all sectors are pivotal throughout this crisis, the world’s leading…
HR Leaders Peer Exchange: Managing the Talent Pipeline During COVID-19
As organizations continue COVID-19 response efforts, HR leaders in philanthropy are managing through a wide range of new and complex challenges. Join us for a facilitated, small-group dialogue to explore the implications this pandemic is having on your talent management efforts, including remote…
HR Leaders Peer Exchange: Culture & Wellness in the Midst of COVID-19
As organizations continue COVID-19 response efforts, HR leaders in philanthropy are thoughtfully introducing innovative practices to care for the health and well-being of their employees, while coping with new and complex challenges. Join us for a facilitated, small-group dialogue to explore the…
2020 Census & COVID-19: What Funders Can Do To Support a Fair and Accurate Count
This call offered a status update on the 2020 Census, which began in earnest mid-March, just as COVID-19 was declared a global pandemic. Participants heard from national and state-based philanthropic leaders to learn what’s at stake with the count, where self-response is lagging in…
Treasury FAQ on Paycheck Protection Program
As of May 13, 2020, the Treasury Department has issued new FAQs on the Paycheck Protection Program loan program.
Access Full Treasury FAQs
Questions and answers that may be particularly relevant to charitable organizations include:
The amount of forgiveness of a PPP loan depends on the borrower’s…
Webinar Recording: Legal Office Hours for Community, Private and Family Foundations: Grants to Individuals and Businesses
Over the past weeks, COVID-19 has changed most foundations' disaster and crisis management plans by the hour. As primary local funders throughout this pandemic, many are launching local response funds, shifting to immediate operational and unrestricted grants, and seeking best practices to…
Snapshot: CARES Act Benefits for Small Businesses and Tax-Exempt Organizations; Comprehensive Coronavirus Legislation Guide for the Charitable Sector
The Coronavirus - THE MORE YOU KNOW
World Health Organization: Situation Dashboard
How Philanthropy Can Respond:
Center for Disaster Philanthropy
Council on Foundations:
COVID-19 Resource Hub
In This Week's Edition of Snapshot...
News from the Council
News from the Hill…
Coronavirus Aid, Relief & Economic Security Act (CARES Act), (H.R. 748)
Bill #3 – Enacted March 27, 2020
Approximate appropriation: $2 trillion
Comprehensive Coronavirus Legislation Guide for the Charitable Sector
This is a summary of the third bill Congress passed to help with the effects of the coronavirus outbreak. This guide highlights the specific provisions of…
Families First Coronavirus Response Act (FFCRA), (H.R. 6201)
Bill #2 – Enacted March 18, 2020
Approximate appropriation: $104 billion
Comprehensive Coronavirus Legislation Guide for the Charitable Sector
This is a summary of the second bill Congress passed to help with the effects of the coronavirus outbreak. This guide highlights the specific provisions…
Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, (H.R. 6074)
Bill #1 – Enacted March 6, 2020
Approximate appropriation: $8.3 billion
Comprehensive Coronavirus Legislation Guide for the Charitable Sector
This is a summary of the first bill Congress passed to help with the effects of the coronavirus outbreak. This guide highlights the specific provisions of…
Comprehensive Coronavirus Legislation Guide for the Charitable Sector
Since COVID-19 began impacting the United States, Congress has passed multiple packages to address a wide variety of issues and support the health care sector, businesses, individuals, and families. Certain provisions in each bill have relevance to the charitable sector and we have summarized the…
CARES Act Benefits for Small Businesses and Tax-Exempt Organizations
Paycheck Protection Program | Economic Injury Disaster Loans
Employee Retention Credit | Delay of Payroll Tax Remittance
Please note: What follows is a general summary of information. Consult government rules and guidance for concise requirements and information. This is not meant to convey…
Tips and Resources for Responding Globally to COVID-19
Legal Compliance Guidance
Making grants outside of the United States can be complicated even when there isn’t a global pandemic. COVID-19 impacts communities in different ways and while some countries have robust public health systems, others do not. Additionally, governments are responding to the outbreak in vastly…
Engaging in Collaboration and Philanthropic Partnerships for COVID-19 Response
Philanthropy is undertaking massive efforts in this country to more effectively collaborate and coordinate quickly among various funders, stakeholders and community partners in response to COVID-19—and all without the power of convening in person. In this time of crisis, what do we need to do…
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