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Strategic GivingThe Art and Science of Philanthropy$
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Peter Frumkin

Print publication date: 2006

Print ISBN-13: 9780226266268

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226266282.001.0001

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Institutions and Vehicles

Institutions and Vehicles

Chapter:
(p.217) 7. Institutions and Vehicles
Source:
Strategic Giving
Author(s):
Peter Frumkin
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226266282.003.0008

This chapter discusses the different institutions and vehicles for philanthropic giving in the U.S. The four main types are private foundation, community foundation, operating foundation, and company-sponsored foundation. The most variations on the four main institutional forms is the family foundation. This is similar to a private foundation except that it is governed by family members and its goals include both grantmaking and the enactment and inculcation of values across generations. This chapter suggests that the choice of the right institutional vehicle for giving is thus not something that donors can or should take for granted because it is an element of strategy building that demands constant and careful consideration.

Keywords:   philanthropic giving, U.S., private foundation, community foundation, operating foundation, company-sponsored foundation, family foundation, grantmaking

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