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.
Sample Conflict of Interest Policy
Legal Compliance Guidance
Editable conflict of interest policies for staff and board members.
This sample document is being provided for informational purposes and is not to be shared without the permission of the Council on Foundations. Use of the sample document does not create an attorney-client relationship, and the…
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…
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 is a leadership program that aims to awaken inherent and authentic leadership in individuals committed to strengthening their practice and building connections. This 10-month hybrid program is rigorous, highly personal, and built for mid-to…
Coming Together, Not Apart: Publications
Publication
Coming Together, Not Apart, is a three-publication series exploring philanthropy's involvement in developing the heartset, mindset, and skillset to lead collaboratively across differences. Specifically:Part 1: How Philanthropy Supports Connection in a Time of Dangerous DivisionComing…
Better Stories, Better Language: A Communications Workshop Series 2026
After a year of research, the Council and the University of Florida’s Center for Public Interest Communications released “Philanthropy’s New Voice: Building Trust With Deeper Stories and Clear Language" in April 2024. As the largest study of narratives in philanthropy, it offers science-backed…
Coming Together, Not Apart: Building the Hearts, Minds, and Skills for Leading Across Differences
Publication
Coming Together, Not Apart: Building the Hearts, Minds, and Skills for Leading Across Differences is the third of three Council on Foundations publications exploring philanthropy's involvement in developing the heartset, mindset, and skillset to lead collaboratively across differences. It discusses…
Basics of Voter Engagement for Foundations
As election season begins philanthropic organizations face heightened attention and expectations. To support our members in engaging confidently and responsibly, the Council's Legal Resources team is hosting a webinar focused on the rules that shape civic engagement across the sector.This session…
Better Stories, Better Language: The Ethics of great storytelling
We’ll discuss the essential elements of stories that are authentic, accurate, and ethical and that serve our communities and issues well.
In this session, you’ll learn:
How to incorporate a range of voices into your stories, including those closest to the issue, decisionmakers and…
Better Stories, Better Language: Building trust, showing your value, and using language that resonates
Annual reports, 990 PFs, and all the other language foundations use don’t help people understand what we do. This workshop will help you replace the jargon and harmful metaphors with visual, memorable language. You’ll also learn the essential elements of stories that build trust. Bring your…
Better Stories, Better Language: Showing Your Work
In this session, you’ll learn to align your stories with your theory of change and develop meaningful measurements that go beyond clicks, likes and shares.
You’ll learn:
How to set meaningful goals that align with your organization’s mission and theory of change.
How to write a theory of…
Trump Accounts Explainer
What are Trump Accounts?
Trump Accounts are new accounts—structured as Individual Retirement Accounts (IRA) but with special rules—that are created or organized for the exclusive benefit of a child. U.S. citizens with social security numbers are eligible. Once the child turns eighteen, funds from…
2026 Bridging Differences Leadership Cohort Application Q&A
Are you looking for a supportive community of funders to help you build constructive dialogue and understanding across differences? You’ll get just that with the Bridging Differences Leadership Cohort.
The Bridging Differences Leadership Cohort is a facilitated virtual learning experience meeting…
Leading Across Differences - December Peer Learning Circle
This peer learning circle is designed to facilitate connections, build relationships, and foster candid discussion about the rewards and challenges of working to connect and collaborate across differences. Meeting every other month, the peer learning circle provides a supportive environment for…
Leading Across Differences - October Peer Learning Circle
This peer learning circle is designed to facilitate connections, build relationships, and foster candid discussion about the rewards and challenges of working to connect and collaborate across differences. Meeting every other month, the peer learning circle provides a supportive environment for…