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.
Starting a Foundation
Fundamentals
Does the Council on Foundations provide assistance with starting a foundation?
Can we join the Council before our foundation is formed?
What are the general steps in starting a foundation?
Should we set up our foundation as a trust or a corporation?
What are the costs of starting a…
Document Retention & Destruction Guidelines
Sample Document
This Document Retention and Destruction Policy of the Council on Foundations ("the Council") identifies the record retention responsibilities of staff, volunteers, members of the Board of Directors, and outsiders for maintaining and documenting the storage and destruction of the Council’s documents…
Public Disclosure Requirements for Foundations
Legal Compliance Guidance
Every organization exempt under Section 501(c)(3) of the Internal Revenue Code is required to disclose certain information to the public:
The organization’s exemption application, Form 1023, is subject to public disclosure, along with any documents supporting the application and any letters from…
IRS Search Tool: Select Check
External Resource
Grantmakers searching for more detailed information about the charitable status of their potential grantees may find the answers they need in the IRS Select Check tool.
This IRS online search tool allows the user to:
(1) search the IRS public charity list, known as IRS Publication 78, for…
Career Pathways
About the Career Pathways Program
Career Pathways, founded by the Council on Foundations in 2010, is a selective leadership development program that cultivates bold, representative, and inclusive decision-makers to lead the philanthropic sector. The program is rigorous, highly personal, and…
Global Grantmaking Essentials - November 2025
Led by Council on Foundations staff with collectively decades of experience with global philanthropy, the Global Grantmaking Essentials will also feature guest speakers with deep knowledge on specific issues or countries.
Course Hours
Wednesday, November 12: 1:00-5:00 p.m. ET
Thursday,…
We Oppose H.R.9495
The Council on Foundations, Independent Sector, National Council of Nonprofits, and United Philanthropy Forum express our opposition to Section 4 of H.R.9495 and its predecessor, H.R.6408. We have no opposition to the provision in the bill postponing tax deadlines for those unlawfully or wrongfully…
Public Policy Action Network - December 2025 Meeting
The Council’s Public Policy Action Network is a members-only group of foundation leaders committing their voices, experiences, and networks to engage and educate federal elected officials to foster a policy environment in which philanthropy can thrive. Policymakers depend on the voices and…
Public Policy Action Network - October 2025 Meeting
The Council’s Public Policy Action Network is a members-only group of foundation leaders committing their voices, experiences, and networks to engage and educate federal elected officials to foster a policy environment in which philanthropy can thrive. Policymakers depend on the voices and…
Public Policy Action Network - August 2025 Meeting
The Council’s Public Policy Action Network is a members-only group of foundation leaders committing their voices, experiences, and networks to engage and educate federal elected officials to foster a policy environment in which philanthropy can thrive. Policymakers depend on the voices and…
Public Policy Action Network - June 2025 Meeting
The Council’s Public Policy Action Network is a members-only group of foundation leaders committing their voices, experiences, and networks to engage and educate federal elected officials to foster a policy environment in which philanthropy can thrive. Policymakers depend on the voices and…
Public Policy Action Network - April 2025 Meeting
The Council’s Public Policy Action Network is a members-only group of foundation leaders committing their voices, experiences, and networks to engage and educate federal elected officials to foster a policy environment in which philanthropy can thrive. Policymakers depend on the voices and…
Public Policy Action Network - February 2025 Meeting
The Council’s Public Policy Action Network is a members-only group of foundation leaders committing their voices, experiences, and networks to engage and educate federal elected officials to foster a policy environment in which philanthropy can thrive. Policymakers depend on the voices and…
Global Grantmaking Essentials - April 2025
Led by Council on Foundations staff with collectively decades of experience with global philanthropy, the Global Grantmaking Essentials will also feature guest speakers with deep knowledge on specific issues or countries.
Course Hours
Tuesday, April 22: 1:00-5:00 p.m. ET
Thursday, April 24:…
Discussion Guide: Connecting Philanthropic Values and DEI Principles
Toolkit
Use this document to help initiate conversations about how your foundation's mission and values connect to integrating DEI policies and practices.
Summary and Analysis of the Tax Cuts and Jobs Act on Impact on Philanthropy
As many of the provisions in the Tax Cuts and Jobs Act (TCJA) (P.L 115-97) expire at the end of 2025, the 119th Congress will work to extend, rewrite, or overhaul the tax code once again. This page analyzes key provisions from the TCJA, how they have impacted the philanthropic sector and charitable…