Definitions for "Family Foundation"
This term is not a legal distinction, but rather a description certain foundations use to define themselves when the founding donor's family is significantly involved with the continued operations of the foundation. A significant majority of foundations in the U.S. are believed to be family foundations.
a private foundation established by one or more members of a family to receive a contribution for the purpose of making current and future gifts to qualified charitable organizations selected by family members
a Private Foundation in which the majority of the board members is related to the donor and the donor's family is involved