- “Private Foundation: the vehicle that allows the greatest personal control over the giving, the private foundation is often endowed either upon establishment or upon the death of the donor(s). Many foundations payout grants based on the earnings of the corpus, allowing lifelong, even perpetual, giving. Others choose to payout more as needs and program goals dictate. Family Foundation: is not a legal term but refers to a private foundation where the donor and relatives play an active role in the governance of the foundation.” NCFP, “The Value of Family in Philanthropy“
- “In a study sponsored by The Philanthropic Collaborative, economists Robert Shapiro and Aparna Mathur concluded: “Each dollar that private and community foundations provided in grants and support in 2007 produced an estimated average return of $8.58 in direct, economic welfare benefits. As a result, the $42.9 billion in grants and other support provided by private and community foundations in 2007 produced some $367.9 billion in direct, social, and economic benefits.” Robert J. Shapiro and Aparna Mathur, The Social and Economic Value of Private and Community Foundations (Washington, DC: Sonecon, 2008), p. 2. Available online: http://www.philanthropycollaborative.org/FoundationStudy.pdf.