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.
The Foreign Agent Registration Act and U.S. Nonprofits Working Internationally
In June 2018, we saw concerning new developments related to the use of the Foreign Agent Registration Act (FARA) in targeting U.S. non-profits that also work internationally. The House Committee on Natural Resources sent a letter to the Natural Resources Defense Council (NRDC) as part of an…
Washington Snapshot: House Continues Attack on Nonprofit Nonpartisanship, Council Releases Analysis of REDUCE Act
In This Week's Edition of Snapshot…
House Appropriations Committee Advances Measure to Weaken Johnson Amendment
New Analysis of the REDUCE Act
Trump Administration to Release Plan for Reorganizing Executive Branch
Primary Elections Held in ME, NV, ND, SC, and VA
In the State: Blue States…
Meet the 2018 Interns
I have been eager to intern at the Council on Foundations since I received my acceptance letter. While coming into this experience, I did not know what exactly the Council was, I am excited to learn more about the sector and help achieve the organization’s goals. I am 1 of 7 interns here at CoF for…
Programming
Thursday, September 6
Opening Plenary - 9:15 am - 10:30 am
Harnessing the Momentum, Finding Opportunities, Building Stronger Futures
We all wish we could predict the future. For many foundation leaders, this superpower would help them plan for and navigate global financial issues that force…
Washington Snapshot: Senate Committee Considers Tax Court Nominees, Highlights of Midterm Primary Results
In This Week's Edition of Snapshot…
Senate Finance Committee Hearing Set to Consider Tax Court Nominees
Sen. Johnson Calls on IRS to Eliminate Schedule B
Start Now Helping Your Community Prepare for the 2018 Hurricane Season
Primaries in CA, IA, and MT Highlight Busy Primary Day Across the…
Washington Snapshot: Charitable Giving Discussed in Senate Hearing, Attacks Against Nonprofit Nonpartisanship Continue
In This Week's Edition of Snapshot…
Bill Targeting University Endowments and Contributions Introduced
Charitable Giving Discussed at Senate Hearing
Attacks Against Johnson Amendment Continue
Ways and Means Announces Subcommittee Updates
IRS Provides Guidance for Grantmakers and Donors…
Lunch with Legal Counsel: Private Foundations and DAFs
Members, View the Recording
The administrative costs of operating a private foundation often prove too burdensome and can easily swamp the grantmaking activity of private foundations, especially the smaller ones. As such, a foundation may decide to transfer its assets to a Sponsoring Organization…
Council on Foundations Announces Hiring of New Vice President of Diversity, Equity, and Inclusion
The Council on Foundations has named Ruth LaToison Ifill as its new Vice President of Diversity, Equity, and Inclusion. She will lead efforts to develop and implement strategic initiatives, tools, educational programs and opportunities that foster a culture of diversity, equity and inclusion among…
Inclusive Economic Prosperity in the Midwest Resources
Council on Foundations Resources
Economic Development as a Charitable Activity - A chapter from Mastering Foundation Law: The Council on Foundations Compendium of Legal Resources
Slide Presentations and Resources from Community & Economic Development for Community Foundations
Case Studies…
Washington Snapshot: Bill to Expand Charitable Deduction Introduced in the House, Ways and Means Adds a New Member
In This Week's Edition of Snapshot…
Bill to Increase Charitable Giving Introduced in House
IRS Funding to be Considered by Senate Committee
Ways and Means Holds Hearing on Tax Reform's Impact (So Far)
Council Urges Treasury to Delay New UBIT Provisions
In the States: States Respond to Federal…
Sponsors
The Council would like to thank all of the sponsors for their support of the 2018 Endowments & Finance Summit.
Leadership & Networking Reception Partner
TIAA Institute
www.tiaa.org/public/land/endowmentsandfoundations
The TIAA Institute helps advance the ways individuals…
Fiscal Sponsorship
Legal Compliance Guidance, Publication
A Chapter in Mastering Foundation Law:
The Council on Foundations Compendium of Legal Resources
Fiscal sponsorship provides a valuable tool for charitable entrepreneurs to realize their vision by working with an established charity that takes in tax-deductible donations and private foundation…
Inclusive Economic Prosperity Resources
Council on Foundations Resources
Economic Development as a Charitable Activity - A chapter from Mastering Foundation Law: The Council on Foundations Compendium of Legal Resources
Slide Presentations and Resources from Community & Economic Development for Community Foundations
Case Studies…
Council on Foundations and Independent Sector Applaud Introduction of Charitable Giving Tax Deduction Act
Independent Sector and the Council on Foundations applaud the introduction of the Charitable Giving Tax Deduction Act, which would expand giving, help civil society flourish, and allow the charitable sector to expand its impact in communities across the country.
The bill was introduced by Rep.…
Washington Snapshot: House Committee Sets Series of Tax Reform Hearings, White House Sends Rescissions Proposal to Congress
In This Week's Edition of Snapshot…
House Committee Sets Series of Tax Reform Hearings
White House Sends Rescissions Proposal to Congress
IRS Debuts New EO Search Tool
Form 990s for Calendar-Year Organizations Due Soon
In the States: Vermont Considers Repeal of Charitable Deduction; Municipal…
Data Shows More Needs to be Done to Bring Widespread Prosperity to the South
SECF is partnering with the Council on Foundations to promote the first Inclusive Economic Prosperity Convening in the South, May 23-24, hosted by The Spartanburg County Foundation. We hope you will join us for this important convening of foundation staff and trustees to learn how philanthropy can…
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