Private foundations make grants based on charitable endowments. The endowment funds come from one or a small handful of sources -- an individual, a family or a corporation. Because of their endowments, they are focused primarily on grantmaking and generally do not raise funds or seek public financial support the way public charities (like community foundations) must.
“Private foundation” is the umbrella term that includes corporate, independent, family, and operating foundations. As of 2011, there were 73,764 private foundations in the United States (Foundation Center, 2011).
In 2011, private foundations held more than $604 billion in assets and gave away more than $45 billion (Foundation Center, 2011).
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Through social movements like #BlackLivesMatter, #MeToo, and #NeverAgain, we see people across the world pushing for the change they want to see. As these movements grow and evolve, a common question is what role foundation giving can play in them. How can private foundations support these groups, especially if they are not formally organized? What internal structures or systems can best enable rapid-response grantmaking?
Public and private sector organizations, anchor institutions like community colleges and universities, and philanthropy all play a vital role in strengthening local economies. Together, they can serve as powerful drivers for building inclusive and equitable communities. Leadership and action are critical to creating new pathways to prosperity.
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Celebrate the Council’s 70th birthday in true Miami beach style! Attendees will be immersed in the tropical essences and pulsing energy of South Beach, as we celebrate with the very best music, fine cuisine, and entertainment South Beach has to offer.