Philanthropy With Purpose
The Family Foundation Information Hub
Family foundations offer a powerful way to support causes that matter while reinforcing your values across generations. Whether you’re just exploring the idea or actively managing one, this hub will help you understand what’s involved, how to get started, and what to consider along the way.

Key Things To Know
Family foundations aren’t just for the ultra-wealthy. Here are key points to help you understand how they work and whether one fits into your plans.
- What is a family foundation? It’s a type of private foundation funded and governed by a family to support charitable work.
- Startup and administrative costs: Starting a foundation can require significant funds and legal setup, along with ongoing tax filings and annual grants.
- Control and flexibility: Families have a lot of control over how money is granted, including setting the mission and choosing recipients.
- Tax implications: Donors can receive tax deductions, but foundations must meet minimum distribution rules and follow IRS guidelines.
- Passing it down: Foundations can engage children and grandchildren in philanthropy, reinforcing family values and legacy.
- Alternatives to consider: Donor-advised funds and charitable trusts may offer similar benefits with less complexity.
- Public perception and transparency: While private, foundations must file public tax returns, which include grant activity and key financial data.
- Aligning with your estate plan: Family foundations can be a cornerstone of a values-driven estate strategy, especially for long-term giving.
Frequently Asked Questions
These FAQs help clear up some of the most common questions about starting and managing a family foundation.
Disclaimer: The information provided on this website and by Buried in Work is for general informational purposes only and should not be considered legal advice. Please consult with a qualified attorney or subject matter expert for advice specific to your situation.