The oldest family foundations were created in the late 19th century; many still exist. Through their philanthropy, families aspire to achieve a lasting and positive impact on society. They give not only their money but their time, talent, passion, and commitment to the communities and institutions they support.

Today, the US has approximately 38,000 family foundations, which:

• Represent more than half of all private foundations.
• Account for a major portion of foundation giving in the United States.
• Make grants totaling more than $18.5 billion per year.
• Have assets totaling $294 billion.
• Comprise more than 33 percent of the Council’s membership.

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