Unit 3: Private Foundations
Between 2002 and 2013, the number of family foundations grew by 44%, and 70% of them are under $10 million in assets. They’re seeking conversations and relationships that are more creative than “convert to a DAF.”
READ (5 minutes): 2015 NCFP Trends in Family Philanthropy Study
NCFP’s 2015 Trends Study was the first national benchmark report on family foundations. Conducted with the Urban Institute, it was the result of a survey of a nationally representative sample of 2,500 family foundations with $2 million or more in assets. Respondents answered questions about foundation size and identity, governance, family issues, grantmaking strategy, and future plans.
Over 56% reported actively engaging younger family members in their foundations, and 62% said younger family members add vibrancy and new ideas to their family foundation. However, they cited some challenges that could be opportunities for help by community foundations.
Could your family philanthropy services help family foundations overcome these challenges?
Do you know which local foundations will be facing these upcoming transitions? Could your services support them through that transition?
TUNE-IN (60 minutes): Family Philanthropy Webinar — Ten Ways Families work with Community Foundations [members only]
READ (20 minutes): How Do Family Foundations Partner with Community Foundations?
TUNE-IN (60 minutes): Topical Call — Fee-based and Contracted Services for Private Foundations [members only]
TUNE-IN (60 minutes): Topical Call —Collaborating with Family Foundations [members only]
Hear from your peers about how they have collaborated with family foundations, like the Community Foundation of Tampa Bay & Hawaii Community. Leave with lessons learned. Check out this document from Exponent Philanthropy for small foundations about collaborating with Community Foundations.
BORROW AND ADAPT (90+ minutes): Private Foundation Services Samples [members only]
Tune-In (60 minutes): Spark Session — Serving Families Who Use Multiple Philanthropic Tools [members only]
Philanthropic families are increasingly using multiple tools and strategies to achieve their goals for social impact: a DAF and a family foundation, a foundation and an impact investing portfolio, etc. In this 2017 webinar, Todd Hanson from the Orange County Community Foundation and Abbe Temkin from the Chicago Community Trust shared how their foundations support families using philanthropic tools outside of the community foundation.