A family foundation is a type of private foundation established by a family to manage and distribute charitable donations. It allows family members to pool their resources and support causes they care about, such as education, health, or the environment. Family foundations often provide grants to nonprofit organizations and can also fund specific projects or initiatives. These foundations are typically funded by family wealth, which can come from various sources, including business profits or investments. Family foundations can also offer tax benefits, as contributions may be tax-deductible. They often involve family members in decision-making, fostering a sense of shared values and philanthropy.