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FEATURED EVENT
Practice and Purpose of Policy
A Training for Community Foundation Leaders
July 30 and August 6, 2024 | 1:00 p.m. - 5:00 p.m. ET
Virtual
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.
Private Foundations Lunch with Legal Counsel: Self-Dealing
Members Access the Recording
Which of the following transactions are generally considered acts of self-dealing between a private foundation and a disqualified person?
Sales, exchanges, or leasing of property
Providing goods, services or facilities
Lending money or other extensions of credit…
Washington Snapshot - August 3, 2017
In This Week's Edition of Snapshot
Tax Reform Update: Tax reform faces competing legislative priorities
Move to weaken the Johnson Amendment advances in the House, NASCO speaks out
Kautter confirmed for key Treasury position
IRS takes steps to encourage charitable giving in the wake of Hurricane…
Recollections from the Next Generation: Council Interns Reflect
By Meghan Irvine
It is truly mind boggling to think that my time at the Council is wrapping up. It seemed like just yesterday, or six short weeks ago to be exact, that I was nervously entering a new internship in an unfamiliar city, with little knowledge about foundations and having no idea what…
Deliberate Discussions About Diversity: How the Bainum Family Foundation Is Getting Intentional with DEI
Editor’s Note: As part of the Council’s release of “State of Change: An Analysis of Women and People of Color in the Philanthropic Sector” we are highlighting the various ways foundations are addressing diversity, equity and inclusion (DEI) within their organizations.
We believe all children should…
Council Comments on Treasury/IRS Priorities 2017-2018
The Council on Foundations wrote to the Department of Treasury and the Internal Revenue Service (IRS) to urge them to prioritize several regulations and guidance documents that impact our members. Each year, the Priority Guidance Plan identifies and prioritizes those tax issues that…
Toward More Inclusive Diversity in the Philanthropic Sector: LGBTQ People and People With Disabilities
Editor's Note: This was first published on Philanthropy News Digest's PhilanTopic blog.
The philanthropic sector has taken steps to address the lack of inclusion of women and people of color in its talent pool. But newly released research from the Council on Foundations reveals that several…
Washington Snapshot - July 27, 2017
In This Week's Edition of Snapshot…
Tax Reform Update: Senate begins debate on health care, tax reform continues moving forward
Update on Treasury personnel
President Trump issues EO for Commerce Department
In the States: State budgets remain in flux, NYC arts funding plan to promote diversity…
New Report Finds Little Change in Proportions of Women and Minorities on Foundation Staffs
Despite concerted efforts by the field to advance more diverse, inclusive, and equitable recruitment and retention practices, the proportions of women and racial/ethnic minorities on foundation staff and at the most senior levels of leadership has changed very little over the past five and 10 years…
The State of Change: An Analysis of Women and People of Color in the Philanthropic Sector
Publication, Research
The Council’s report, The State of Change: An Analysis of Women and People of Color in the Philanthropic Sector, examines the demographics of the philanthropic sector, looking back over the last five and ten years, with a specific focus on the representation of women and people of color. The data…
Important Tax Reform Update
We wanted to share this important breaking news on the status of tax reform legislation. As you know, in Washington, D.C., things can change quickly. Just last week, House Ways and Means Committee Chairman Kevin Brady said that the tax reform framework document should be done in early September.…
Have Bold Ideas & Dare to Do Them
Award Nominations
The Council is currently accepting nominations for the 2017 Robert W. Scrivner Award for Creative Grantmaking. Nominate a courageous leader and innovative grantmaker today.
Learn More
The Robert W. Scrivner Award for Creative Grantmaking honors grantmakers who, with a…
Global Philanthropy Update - July 2017
For the last three years, I’ve noticed a growing trend in community foundations asking for support to make international grants, often from donor or corporate advised funds. We’ve never had data on how many community foundations are making global grants, which is why I’m delighted to share that…
Private Philanthropy Update - July 2017
In May, I invited the Council on Foundations' private foundation members to participate in a survey to help me gather information that will shape future Council programming tailored to private foundations. The results of the survey identified several areas of interest and need.
Participants…
Washington Snapshot - July 20, 2017
In This Week's Edition of Snapshot…
Council submits tax reform comments to Senate Finance Committee
Tax Reform Update: House committee approves budget, takes first legislative step towards tax reform
Senate Finance Committee to consider Mr. Kautter’s nomination today
In the States: Michigan…
Navigating the 2018 Federal Budget Landscape
Memebers Access the Recording & Slides
Many of the Executive actions and fiscal visions of the Trump Administration have surfaced complicated and layered public policy issues, putting a variety of "hot issues" in the forefront of the public discourse and Congressional deliberations.…
2017 Grantmaker Salary and Benefits Survey
For more than 30 years, the Council's Grantmaker Salary and Benefits Survey has provided the sector with the most comprehensive data on grantmaker staff composition and compensation in the U.S. at community, private (family and independent), and public foundations, as well as other staffed…
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