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Social and Behavioral Sciences Commons

Open Access. Powered by Scholars. Published by Universities.®

Nonprofit Administration and Management

2011

Family foundations; family philanthropy; foundation governance; donor intent; legacy; next generation; family trustees; family governance

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Full-Text Articles in Social and Behavioral Sciences

What Is A Family Foundation?, Michael Moody, Allison Lugo Knapp, Marlene Corrado Jan 2011

What Is A Family Foundation?, Michael Moody, Allison Lugo Knapp, Marlene Corrado

The Foundation Review

· Family foundations are important institutions, making up a significant portion of the foundation universe and having both local and global impact. Yet we have no shared definition of this diverse and evolving category. Clarifying the definition will help challenge persistent misconceptions, get perspective on the diversity, and improve foundations’ understanding of their own family dimensions.

· This article surveys the different definitions of family foundation that are, and have been, used by key organizations in the field and by researchers. It also reviews examples of the variations and complicating factors that make answering the title question difficult.

· A …