Family Businesses in the United States

Family Businesses in the

  • US3,001,060 of US JOBS (1)
  • $1.7 Trillion of combined revenue (1)
  • In the US, family firms generate 64% of GDP & account for 65% of domestic employment
  • 78% of new job creation stems from family owned firms
  • 35% of Fortune 500 companies are family-owned or controlled
  • Family firms have higher employee retention rates than non-family firms
  • 60% of family firms have women in top management positions
  • 24% of family firms are led by a female CEO or President

Giving by Families; 2017

  • Individuals comprised 72% of giving; Corporation’s comprise 5% of giving (2)
  • IRS Statistics of Income (SOI) data indicates that from 2003 to 2013 itemized contributions grew 40% for households with income of $100,000 or more, with the greatest increase of 104% in households with incomes of $10 million or more (2)
  • Charitable deductions for households earning less than $100,000 decreased 34% in the same time period (2)

(1) FEUSA; Research of 180 Privately owned businesses March 2018; (2) 2017 Giving USA

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FEUSA advocates for the families of family businesses and the issues they face every day in running their businesses across all industries.

Your support is vital as Congress works to change tax laws and regulations that effect all family businesses.