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…
2025 Grantmaker Salary and Benefits Report: Administrative and Program Expense Tables
Publication, Research
The 2025 Grantmaker Salary and Benefits (GSB) Administrative and Program Expense Tables provide foundations the benchmarking data needed to measure administrative, program, service, and qualifying distribution expenses against peers in the field. Containing data collected through the Council’s GSB…
Washington Snapshot: Federal Government Shutdown
The Senate did not pass a Continuing Resolution (CR) extending government funding beyond September 30, resulting in a government shutdown. The Senate has voted down two separate CRs multiple times this week. Plus, executive action on political violence, IRS priority guidance, state giving…
2025 Grantmaker Salary and Benefits Report
Publication, Research
The 2025 Grantmaker Salary and Benefits Report contains the most comprehensive and up-to-date data on U.S. philanthropic sector salaries, benefits, and demographic details, with information presented by grantmaker type, foundation type, asset size, and geographic location. The 2025 Grantmaker…
2025 Grantmaker Salary and Benefits Report: Key Findings
Research
The 2025 Grantmaker Salary and Benefits (GSB) Key Findings is a visual highlight of the trends and changes that are shaping the philanthropic sector.
Also available as a free PDF, the 2025 GSB Key Findings is just a small fraction of the expansive dataset available in the 2025 GSB Report, which…
Potential Implications of Funding Protest Activities
Legal Compliance Guidance
Developed for the Council on Foundations by Christopher J. Armstrong, Partner at Holland & Knight
The Current Environment
Foundations are under increasing political scrutiny regarding their relationships with organizations that have engaged in protests, especially in situations…
Washington Snapshot: Government Funding
With less than two weeks left before the government funding deadline, Congress is working to pass a continuing resolution (CR) to avoid a government shutdown. Plus, Congressional oversight of nonprofits and funders, hearing on the tax-exempt sector, PSLF comments, trendspotting nonprofit…
Snapshot of Funder Progress on Locally Led Development (Sept. 2025)
Publication, Research
In September 2023, a group of 15 foundations joined 20 bilateral donors in signing a Donor Statement committing to advancing locally led development. After recent global shifts in foreign assistance and the dismantling of USAID, the Council on Foundations wanted to understand how philanthropy has…
Communicating Across Divides: A Facilitation Intensive
Join Resetting the Table (RTT) and the Council on Foundations for a training that offers a comprehensive framework for facilitating courageous and constructive communication across lines of difference.
Through this intensive training, philanthropic leaders will build advanced facilitation skills…
HR Philanthropy Collaborative - October 2025
This is a peer-led space designed to connect you with human resources leaders at foundations across the country. The group will build meaningful relationships, share resources, and provide a consistent opportunity to engage in collaborative troubleshooting in a trusted environment. Meeting every…
Washington Snapshot: Fall Congressional preview
Earlier this week, Congress returned to Washington and will begin to tackle some of the major legislative issues on its agenda for the fall. Plus, public service loan forgiveness, executive orders on grantmaking, guidelines on federal funding, spring regulatory agenda, and more.
Foundations’ Endowed Portfolios Produced Double-Digit Investment Returns in 2024; Long-Term Return Data Also Positive
WASHINGTON - In the volatile but ultimately supportive market environment of 2024, average annual returns on foundation endowments landed in double-digit positive territory from the previous year for the 255 foundations surveyed in the annual Council on Foundations–Commonfund Study of…