Category:Family Foundations
From PhilanthropyWiki
Family Foundation Definition
A family foundation is a descriptive term used to refer to private foundations that have been established by a family. They are either run by family members or managed by members of the original donor's family with, in most cases, second or third generation descendants serving as trustees or directors on a voluntary basis.
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Unlike other vehicles for giving, there is usually tremendous buy-in by the people sitting around the table of family foundations, in terms of a common history and ancestry, as well as a genuine commitment to honouring the legacy of the founder. There is a collective consciousness of tradition and heritage which lends a unique unity to the decision-making process which differs from other grantmakers.
All pages contained within "Family Foundations"
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