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The IRS does not distinguish family foundations from other private foundations, however, The Foundation Center has identified well over 35,000 family foundations as of 2005. More than 90 percent of these family foundations have less than $10 million in assets, and approximately three-fifths have less than $1 million in assets. On average, these funds distribute approximately five percent of their assets each year, as required by law. These figures suggest that family foundations give out grants totaling some $5 billion per year.
Family philanthropy, whether through a foundation, a community foundation fund, a church, or other vehicle, attempts to weave the family's traditions and values into their charitable giving. In doing so, the family may seek to meet several goals:
- Creating a family legacy
- Giving back to community
- Uniting the family around a common purpose
- Teaching subsequent generations the value of giving
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 Perpetuity or Limited Lifespan: How Do Family Foundations Decide? [PDF]
Foundation Center
While existing in perpetuity is the norm for the majority of family foundations, more than a third are either uncertain about lifespan or expect to limit their lifespan, according to the first large-scale study of family foundation lifespan plans, jointly released by the Foundation Center and the Council on Foundations. The report benchmarks the intentions, practices, and attitudes of nearly 1,100 family foundations active in 2008.
Stewardship Principles for Family Foundations [PDF]
Council on Foundations
These stewardship principles and practice options to strengthen performance describe how family foundations can reflect these fundamental values in their board governance, management and grantmaking.
A Shared Perspective on Archives and Family Foundations
Council on Foundations
Ten Ways Family Foundations Can Include the Viewpoints of Others
Council on Foundations
Family Philanthropy Online Knowledge Center
National Center of Family Philanthropy
Find answers to your giving questions at the Family Philanthropy Online Knowledge Center—a searchable, comprehensive and continually updated collection of more than 1,000 articles, case studies, profiles, presentations, reports, sample policies, and discussion papers related to family philanthropy and ready for you to download.
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National Center for Family Philanthropy
The mission of the National Center for Family Philanthropy is to promote philanthropic values, vision, and excellence across generations of donors and donor families.
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