A Governance-Based Typology of Family Foundations: The Effect of Generation Stage and Governance Structure on Family Philanthropic Activities

Razvan Lungeanu*, John L. Ward

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

29 Scopus citations

Abstract

This article brings together research on philanthropy, family business, and governance to examine patterns of giving by U.S. family versus nonfamily independent foundations. The authors use a sample comprising the 200 largest U.S. independent foundations in 2007 to show that family foundations are more focused in their grantmaking than nonfamily foundations. Board size moderates this relationship. They also offer a new typology of family foundations to show that the generation stage of the family and the foundation board's composition are associated with different levels of grantmaking diversity in family foundations but in dissimilar ways. Scholarly and practical implications are discussed.

Original languageEnglish (US)
Pages (from-to)409-424
Number of pages16
JournalFamily Business Review
Volume25
Issue number4
DOIs
StatePublished - Dec 2012

Keywords

  • boards of directors/trustees
  • family business
  • family foundations
  • governance
  • independent philanthropy

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Finance

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