Private Foundations
Private foundations make grants based on charitable endowments. The endowment funds come from one or a small handful of sources -- an individual, a family or a corporation. Because of their endowments, they are focused primarily on grantmaking and generally do not raise funds or seek public financial support the way public charities (like community foundations) must.
“Private foundation” is the umbrella term that includes corporate, independent, family, and operating foundations. As of 2011, there were 73,764 private foundations in the United States (Foundation Center, 2011).
In 2011, private foundations held more than $604 billion in assets and gave away more than $45 billion (Foundation Center, 2011).
Below is everything on our site for private 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.
Bringing Personal Accountability on Board
Increasing personal accountability is probably the most effective way to enhance the performance of board members. Here are a few suggestions.
by James E. Klusman
"Life's a lot more fun when you're not responsible for your actions." So says Calvin, in the cartoon "Calvin and Hobbes," as he…
A Compliance Checklist for Private Foundations
Legal Compliance Guidance
The persistent scrutiny of nonprofit governance has prompted leaders at many types of organizations to take steps to assure that their own houses are in good legal and financial order. This checklist is a good place for you as a private foundation to start.
Tips for Effective Grantee Relations
External Resource
This checklist for developing effective grantee relations was prepared by Jane Kendall, president of the North Carolina Center for Nonprofits and a trustee of the Kathleen Price Bryan Family Fund.
Washington Snapshot - December 13, 2013
Happy holiday season! We even had a snow day here in D.C. this week that helped to boost our festive spirits.
Council President Responds to Critical New York Times Op-Ed
Ray Madoff’s New York Times op-ed characterizes the charitable deduction as “wasteful,” and brings up an idea—one that we’ve…
Washington Snapshot - December 6, 2013
Welcome to December! We hope that all of our readers had an enjoyable Thanksgiving with family and friends, and a Happy Hanukkah!
Thune-Wyden Letter on the Charitable Deduction
As this YouTube wrap-up of the day reveals, the Charitable Giving Coalition's D.C. fly-in generated buzz about the…
Glossary of Philanthropic Terms
Fundamentals
Search by Letter
A B C D E F G I J L M O P Q R S T U
Certain definitions are defined by law.
A
501(c)(3):
Section of the Internal Revenue Code that designates an organization as charitable and tax-exempt. Organizations qualifying under this section include religious, educational, charitable,…
IRA Charitable Rollover
Issue
The Council has actively supported permanence and expansion of the IRA Charitable Rollover since its inclusion in the Pension Protection Act of 2006 (PPA). As of December 18, 2015, the IRA Charitable Rollover was passed by Congress and signed into permanent law by the President, allowing…
Ask Your Senators to Help Preserve the Charitable Deduction
On November 20, in conjunction with the Charitable Giving Coalition’s “Protect Giving Day,” Senators John Thune (R-SD) and Ron Wyden (D-OR) issued a letter in full support of the charitable deduction. This letter is a perfect example of the growing bipartisan support for preserving the full value…
A Quest for Equality: Breaking the Barriers for People with Disabilities
External Resource
From The Chicago Community Trust, this white paper challenges all of us with a set of thoughtful recommendations to realize our promise for the full inclusion of people with disabilities in our communities, our schools and our workplaces.
Thinking about an Audit? Read this First
Legal Compliance Guidance
Audits are everywhere these days. Consider:
In the wake of corporate accounting scandals, the Sarbanes-Oxley Act was enacted in 2002, imposing corporate governance reforms on public, for-profit companies, including provisions on how financial audits are managed and carried out by auditors.…
More than Money: Making a Difference with Assistance Beyond the Grant
External Resource
From the Center for Effective Philanthropy, most of foundations’ efforts to contribute ‘beyond the money’ have little beneficial impact on grantees. More than Money: Making a Difference with Assistance Beyond the Grant reveals that only when foundation staff provide assistance beyond the grant in…
Effective Collaborations: Recommendations for a Connected Philanthropic Infrastructure
Publication
The report explores the ways in which infrastructure organizations think about the value and the mechanics of collaboration—the drivers and barriers to collaborative work—and determine ways to encourage more effective partnerships. The publication features a framework for understanding…
Closing a Foundation: The Lucille P. Markey Charitable Trust
Publication
Closing a nonprofit charitable institution presents a range of unknowns to the grantmaking community. In this analysis, authors John Dickason and Duncan Neuhauser provide guidance to foundations considering whether to create a time-limited foundation or bring a foundation to an end. Topics include…
Addressing the Impact of Currency Fluctuations on International Grantmaking
Publication
Understanding the challenges of currency fluctuations on international grantmaking, and taking action to minimize their impact can ensure that this natural process does not become an added barrier to overseas giving. This resource focuses on some of the challenges foundations and giving programs…
Now Available Private Foundation Investment Study
Members can now download the 2012 Council on Foundations–Commonfund Study of Investments for Private Foundations through the Council store. We are making this resource available to our members at no cost (a $750 value), so be sure to get your copy today.
Featured in the Wall Street Journal, the…