Trends in Family Philanthropy: a Quick Quiz
How well do you know the nation’s more than 41,000 family foundations? Take this six-question quiz to find out!
Trends in family philanthropy: A quick quiz
Question #1: Founding
True or False: Most of the nation’s 41,000 family foundations were created after the year 1990.
TRUE
Nearly 70% of all family foundations were created in the 90’s and beyond.
Question #2: Foundation Staffing and Leadership
True or False: Typically paid family members are responsible for running the every-day operations of family foundations.
FALSE
Nearly 70% of family foundations are run by an UNPAID family member. This is even more common in younger and smaller foundations.
Question #3: Impediments to Engaging the Next Gen
True or False? The biggest impediment to including the next generation in foundation work is a “Lack of Results.”
FALSE
62% of family foundations say that younger family members add vibrancy and new ideas to the conversation. 43% of foundations say that the phase of life and other commitments is the biggest barrier to engaging its younger family members.
Question #4: Grantmaking Strategy
True or False? Family foundations don’t understand the value of capacity building and long term relationships with their grantee partners.
FALSE
Roughly 63% of foundations report making capacity building grants.
Question #5: Founder's Values and Wishes
True or False? The most important factor for grantmaking decisions is the founder’s values and wishes.
TRUE
More than 75% of family foundations said that their founder’s values and wishes matter a lot in their decision-making process.
Question #6: Size of grants
True or False? Family foundations disagree whether it is better to make fewer grants with larger dollar amounts or to make more grants with smaller dollar amounts.
TRUE
About 28% of family foundations plan to give fewer, larger grants whereas 24% expect to give more, smaller grants in the next few years.
So, how did you do?
Regardless of whether you’re an expert or just starting out in the field of family philanthropy, the NCFP’s Trends in Family Philanthropy study shares field-defining information that everybody can learn from! Download the full results of the study here.