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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.
Council on Foundations President Focuses on the Future of Community
In a special video created for conference attendees, Born This Way Foundation CEO Cynthia Germanotta stated the simple goal: “Support young people and empower them to create a kinder and braver world” for young people “are not only tomorrow’s leaders, but they are leading in tremendous ways today,…
A Common Vision for Improving the Future of Community
Wow! Thank you Cynthia Germanotta, her daughter Lady Gaga, and the Born This Way Foundation for working with us to create that awesome video. I can’t think of a better way to start us off than with a reminder of why we do this work. All of us here are, in some way, working to build a future…
We Can Always Do a Little Bit Better
James E. “Jim” Casey coined the phrase “constructive dissatisfaction” while steering United Parcel Service (now UPS) to becoming one of the world’s most successful companies. His dissatisfaction drove him to outpace the competition as he developed innovative transportation strategies, implemented…
Washington Snapshot - April 8, 2016
News from the Hill
Charity Bill Introduced in Senate
The Council is pleased to announce that this week, Senators John Thune (R-SD) and Ron Wyden (D-OR) introduced the Charities Helping Americans Regularly Throughout the Year Act (S.2750).
This bill would:
Express the sense of the Senate that…
Washington Snapshot - April 1, 2016
News from the Hill
House Tax Policy Subcommittee to Hold Next Tax Reform Hearing
Chairman of the House Ways and Means Tax Policy Subcommittee Charles Boustany (R-LA) announced this week that the series of hearings on tax reform will continue, with the next hearing scheduled for Wednesday, April…
Council Comments on Multistate Registration & Filing Project
The Council submitted a letter on March 31, 2016 in response to a request for information (RFI) issued in February by the Multistate Registration and Filing Project (MRFP)—an organization that works with the National Association of State Charity Officials (NASCO) and the National Association of…
A Guide to Advocacy, Lobbying & Election Related Activity: Navigating the Rules
Legal Compliance Guidance, Publication
A Chapter in Mastering Foundation Law:
The Council on Foundations Compendium of Legal Resources
The purpose of this chapter is to help you understand the federal tax laws and regulations that govern how, when, and to what extent different types of foundations can engage with policymakers, their…
Expenditure Responsibility: Step by Step
Legal Compliance Guidance, Publication
A Chapter in Mastering Foundation Law:
The Council on Foundations Compendium of Legal Resources
Expenditure responsibility is the federally mandated procedure that a private foundation—and some public charities—must follow for any grant made to an organization that is not a public charity.
This…
How Data Standards Can Help Save the World
Modern life is full of data—a lot of data. Sometimes it feels simply overwhelming. And that’s especially true in the philanthropic sector. It can feel like our work is simply an endless string of profiles, templates, accounts, applications, and reports. If we aren’t thoughtful about it, the…
Washington Snapshot - March 25, 2016
News from the Hill
House Tax Policy Subcommittee Holds Hearing on Tax Reform Proposals
As we reported last week, the House Ways and Means Subcommittee on Tax Policy held a hearing on Tuesday about potential tax reform approaches.
The Subcommittee heard testimony from Representatives Devin Nunes (R-…
2016 Endowments and Finance Summit
Why Attend the Summit?
As a summit participant, you can expect a robust learning experience where you will:
Engage in discussions about effective solutions to current foundation financial management challenges;
Hear from industry experts on key trends in foundation management, the economy, and…
Washington Snapshot - March 18, 2016
News from the Hill
Hearing on Tax Reform Proposals Set for Next Week
Chairman of the House Ways and Means Subcommittee on Tax Policy, Charles Boustany (R-LA) announced the first in what will be a series of hearings on potential approaches and proposals for tax reform.
The hearing is scheduled for…
Washington Snapshot - March 11, 2016
News from the Hill
Chairman of House Veterans' Affairs Committee to Retire from Congress
Representative Jeff Miller (R-FL-1) announced this week that he will not seek re-election at the expiration of his current term in office. First elected to the U.S. House of Representatives in 2001, Miller…
Mastering Foundation Law: The Council on Foundations Compendium of Legal Resources
Legal Compliance Guidance
The Council on Foundations's Compendium of Legal Resources (“Compendium”) is a comprehensive guide to foundation law for the non-lawyer. It is easy to use, self-directed, and regularly updated.
The Council developed the Compendium as a direct response to requests from our members to publish new…
Carrying Forward the Legacy of the Walton Family Foundation
When my grandparents, Sam and Helen Walton, set the course for our family’s philanthropic vision in the late 1980s, they set out to make lasting change by empowering individuals. My grandfather often said there is no limit to what can be accomplished when people are given opportunity and…
2016 Annual Conference - Private Foundation Sessions
Private-Family Foundation Sessions
Private and Family Foundations share many common challenges, such as philanthropy’s role in building strong collaborations and partnerships; engaging millennials in identifying problems and proposing solutions; conducting deep evaluations to inform future…
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