Results of Second National Benchmark Survey of Family Foundations Released
The National Center for Family Philanthropy recently released Trends 2020 which details the results of the second national benchmark survey of family foundations.
The National Center for Family Philanthropy recently released Trends 2020 which details the results of the second national benchmark survey of family foundations.
According to NCFP’s website, “Trends 2020 includes new questions relevant to ongoing changes in the field including issues of equity, place-based giving, transparency, the role of the donor, and the question of spend down versus perpetuity.”
Key takeaways:
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81% of older family foundations (those established before 1970) focus their grantmaking geographically, while 82% of newer family foundations (established since 2010) focus their grantmaking on issues.
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Grant amounts from family foundations have grown since 2015. However, the number of grants in that timeframe has decreased, indicating grants are larger.
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Overall, the top three issue areas for family foundations are education (38%), poverty (27%) and social services (25%).
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Foundations established since 2010 appear to be more focused on economic inequality and addressing basic needs, and significantly less focused on education.
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The number of family foundations engaged in mission/impact investing has doubled since 2015.
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About 56% of family foundations have one more founders actively involved. This has declined slightly since 2015.
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Most family foundations have a clear understanding of their founder’s intent and 65% adhere very closely to that intent.
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More than half of family foundations have multiple generations serving on the board, while 10% have three or more generations.
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Two-thirds of family foundation boards include non-family board members. The total number and percentage of non-family board members as a percentage of family foundation boards has grown significantly over the past five years.
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Fully one in three family foundations have Diversity, Equity, and Inclusion (DEI) initiatives in their future plans.
Want more?
Read the full report.
Register for CMF’s webinar New Trends: Research Findings from NCFP’s Second Family Philanthropy Study taking place this Thursday, November 14 at 12 PM.