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…
Risk Management Resources
Legal Compliance Guidance
Internal Risk Management for Foundations
In response to the ongoing changes to the legal and policy landscape, it has become increasingly important for foundations and charitable nonprofits to engage best practices for mitigating their potential legal and operational risks. We worked with outside…
Washington Snapshot: Charitable Rollover Facilitation and Enhancement Act introduced
In this edition of Washington Snapshot we share our recent joint statement with Independent Sector, National Council on Nonprofits, and United Philanthropy Forum on protecting the independence of the charitable sector. Plus, budget reconciliation, DOGE updates, AmeriCorps, tax legislation in…
Threats to Civil Society and the Independence of the Charitable Sector
Joint Statement by the Council on Foundations, Independent Sector, National Council of Nonprofits, and United Philanthropy Forum on Threats to Civil Society and the Independence of the Charitable Sector
On behalf of the charitable sector, we oppose the Trump administration’s stated intention to…
HR Philanthropy Collaborative - June 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…
Philanthropy Isn’t a Luxury – It’s a Lifeline
The importance of charitable giving to American society can be seen in every community. Each of us has our own story about the charitable sector’s impact on our lives, whether it is a foundation’s support making a community program possible or the causes we choose to support with our charitable…
Overcoming Barriers to Funding in Rural Places
The latest research reveals a gap in philanthropic funding to rural communities. Why does this gap exist and how can we help address it? Informed by its many years of experience as a rural operator in the Mountain West, the LOR Foundation will unpack the why and share practical solutions for…
What Counts as a Qualifying Distribution?
Legal Compliance Guidance
What counts as a qualifying distribution?
A foundation can meet the minimum-payout requirement with any expenditure that meets the definition of a “qualifying distribution.” In short, the law states a foundation must have qualifying distributions equal to approximately 5%, not a “payout” of 5%.…
Washington Snapshot: Updated Budget Resolution
In this edition of Washington Snapshot we share the updated budget resolution the Senate is expected to vote on over the weekend.
This Is What Philanthropy Is Built For
When change and uncertainty abound, it’s hard to know what to do. For many philanthropic organizations, and especially our nonprofit partners, so much is at stake right now. But times like these are precisely what philanthropy is built for. Philanthropy consistently steps up during difficult times…
Philanthropy's Response to the 2025 Myanmar and Thailand Earthquake
Overview
A powerful 7.7-magnitude earthquake struck Myanmar and Thailand. The earthquake is the most powerful to strike Myanmar in over a century, according to the United States Geological Survey (USGS). Entire buildings have collapsed in Bangkok and Mandalay, causing thousands of people to be…
Washington Snapshot: Executive Orders We're Tracking
In this edition of Washington Snapshot we share the President's the recent executive actions most relevant to the sector.