Ms. Harrigan’s promotion to CFO reflects her instrumental role in the company’s evolution over the past decade from a private foundation specialist into a multi-solution provider serving enterprise clients. Since joining Foundation Source in 2015, she has also played a critical part in strengthening financial oversight, supporting operational expansion, and navigating organizational complexity. As Foundation Source has broadened its offerings, her leadership has ensured the firm’s financial operations scaled efficiently to support agility, resilience and long-term success. Over the past 18 months, Foundation Source has acquired four companies spanning the philanthropic services space: PG Calc, Vennfi, Giving Place, and most recently, Pacific Foundation Services.

As CFO, Ms. Harrigan will oversee financial planning, risk management and performance reporting for all the entities and business units under the Foundation Source umbrella and contribute to M&A strategy as the company executes on its long-term vision. Her role as CFO extends beyond traditional finance, encompassing a strategic leadership position that includes oversight of human resources and corporate administration to ensure integrated business operations and sustainable growth.

With more than 20 years of financial management experience, Ms. Harrigan most recently served as Senior Vice President of Corporate Finance at Foundation Source. Prior to that, she held key roles at Fortress Investment Group and United Technologies Corporation. In addition to her professional accomplishments, she serves on the Board of Trustees for the Fairfield Public Library.

“It has been incredibly rewarding to be part of Foundation Source’s journey over the past decade, helping to shape our growth into the leading provider of charitable giving solutions,” Ms. Harrigan said. “I’m honored to take on the CFO role at such an exciting time and I look forward to continuing to work alongside our exceptional team and contribute to the company’s continued success.”

“Erin has been an invaluable leader at Foundation Source,” said Joseph Mrak III, CEO of Foundation Source. “She has guided our financial operations through periods of rapid growth and increasing complexity with vision, precision, and deep care for our mission and team. We are thrilled to have her step into the CFO role as we enter our next phase of expansion.”

About Foundation Source (foundationsource.com)

Foundation Source is the leading provider of philanthropic software and services. A pioneer in philanthropic technology, we are the partner of choice for integrated, enterprise-grade solutions spanning private foundations, donor-advised funds and planned giving programs. Our flexible suite of tools and resources include end-to-end administrative support for the most popular charitable vehicles, specialized compliance, tax, development and consulting capabilities, and deep domain expertise to help maximize impact, mitigate risk, and improve efficiency for all parts of the philanthropic ecosystem. We work with donors, nonprofits, wealth advisors and financial institutions to launch, enhance or augment charitable initiatives with turnkey, white-label and outsourced offerings that meet a wide range of philanthropic objectives quickly, professionally, and compliantly.

As of June 30, 2025, we support more than 2,300 private foundations and more than 1,800 nonprofits, administer $40 billion in charitable assets, and facilitate more than 180,000 grants and planned gifts annually.

MEDIA CONTACT
Carly Taylor
foundationsource@neibartgroup.com
973-618-6993

The post Foundation Source Names Erin Harrigan Chief Financial Officer appeared first on Foundation Source.

Foundation Source’s deep domain expertise has helped shape the firm’s extensive technical and educational resources, complementing its technology suite and empowering advisors across the industry to provide meaningful and timely philanthropic guidance. These insights and tools equip advisors to initiate client conversations around giving, evaluate charitable vehicles, navigate the nonprofit landscape, integrate philanthropy into legacy planning, deploy charitable capital effectively, and measure impact.

Foundation Source CEO Joseph Mrak III has led the firm through several strategic acquisitions to build and expand enterprise-grade solutions that help wealth managers and wealth enterprises seamlessly integrate philanthropy into their offerings. Recently, the company acquired Pacific Foundation Services, a foundation management organization supporting the Bay Area’s largest foundations. In April, it acquired Giving Place, a software platform for family office giving programs and private foundations. Last year, it acquired Vennfi, the fintech powering donor-advised fund sponsor Charityvest, and PG Calc, the leader in planned giving software and services. Under Mrak’s leadership, the firm has developed a robust range of technology, administrative, and consulting services across private foundations, donor-advised funds, and planned giving, ensuring that professional advisors can help their clients drive impact in the ways that are most important to them.

“We’re honored to be recognized for equipping wealth managers with the tools, guidance, and confidence they need to meet the rising demand for philanthropic planning with precision and scale,” Mrak said. “We see enormous potential in helping firms differentiate through meaningful, values-based planning – and we’re excited to lead that evolution.”

“This year, we have seen a marked increase in entrants and interest in all our global awards programs, and the WealthBriefing Wealth for Good Awards is no exception. These awards give organizations and individuals the opportunity to clarify their strategic thinking, have it independently validated, be recognized internally and externally, and to celebrate in style with their peers,” said Stephen Harris, ClearView Financial Media’s CEO and publisher of WealthBriefing. “I offer my congratulations and best wishes for the future to all winners and highly commended firms – they are all worthy recipients who join the prestigious list of wealth management professionals who form the global elite of WealthBriefing winners.”

About ClearView Financial Media Ltd. (“ClearView”)

ClearView Financial Media was founded by Chief Executive, Stephen Harris in 2004, to provide high-quality ‘need to know’ information for the discerning private client community. London-based, but with a truly global focus, ClearView publishes the WealthBriefing group of newswires, along with research reports and newsletters, while also running a pan-global thought-leadership events and awards program.

About Foundation Source (foundationsource.com)

Foundation Source is the leading provider of philanthropic software and services. A pioneer in philanthropic technology, we are the partner of choice for integrated, enterprise-grade solutions spanning private foundations, donor-advised funds and planned giving programs. Our flexible suite of tools and resources include end-to-end administrative support for the most popular charitable vehicles, specialized compliance, tax, development and consulting capabilities, and deep domain expertise to help maximize impact, mitigate risk, and improve efficiency for all parts of the philanthropic ecosystem. We work with donors, nonprofits, wealth advisors and financial institutions to launch, enhance or augment charitable initiatives with turnkey, white-label and outsourced offerings that meet a wide range of philanthropic objectives quickly, professionally, and compliantly.

As of June 15, 2025, we support more than 2,300 private foundations and more than 1,800 nonprofits, administer nearly $40 billion in charitable assets, and facilitate more than 180,000 grants and planned gifts annually.

The post Foundation Source Named 2025 Wealth Briefing Wealth for Good Winner in Thought Leadership and Technology CEO Categories appeared first on Foundation Source.

PFS’s unique capabilities complement Foundation Source’s flagship tech-enabled offering for private foundations and their advisors, allowing the company to better serve large, complex foundations. The acquisition also allows PFS clients to leverage modern, cloud-based tools that help make giving easier and more cost-effective and access a wider range of philanthropic solutions including specialized legal, compliance and tax support.

“We’re thrilled to welcome the talented and dedicated team at Pacific Foundation Services to Foundation Source,” said Joseph Mrak III, CEO of Foundation Source. “Together, this integration enhances our collective ability to support private foundations and their advisors with deep, strategic insight, sector knowledge and tailored guidance. With our best-in-class technology, we offer a uniquely comprehensive solution for mission-driven organizations that want to maximize impact.”

The combined organization will offer an extensive range of philanthropic advisory services, including program strategy and design, and a set of services to deepen grantee relationships including sourcing and diligence of grantees, application support, grant structuring and impact measurement. Following the transaction, the CEO Charles R. Casey joined Foundation Source in a new leadership role along with the entire PFS team.

“We are both mission-driven organizations focused on streamlining operations to amplify impact and building trusted relationships with our clients and their grantee partners,” said Mr. Casey, CEO of Pacific Foundation Services and incoming President of Premier Foundation Services at Foundation Source. “This partnership marks an exciting new chapter – one that enhances the giving experience for our clients and has the potential to leave a lasting and positive impact on the sector.”

The acquisition follows several recent transactions as part of Foundation Source’s long-term growth strategy. In April, the company acquired Giving Place, a software platform for family office giving programs and private foundations. Last year, it acquired Vennfi, the fintech powering donor-advised fund sponsor Charityvest, and PG Calc, the leader in planned giving software and services. Foundation Source is the only provider to deliver a suite of enterprise-grade technology, administration, and professional services across private foundations, donor-advised funds, planned gifts, and workplace giving making it the partner-of-choice for comprehensive philanthropic solutions.

“Pacific Foundation Services is a highly strategic addition to Foundation Source. It meaningfully expands our reach among large private foundations and strengthens the depth of programmatic and grantmaking support we can offer,” said Lizzie Wintle, Director at GTCR. “It’s our fourth strategic acquisition in 18 months and the combined platform is uniquely positioned to serve the evolving needs of the sector with scale, expertise, and impact.”

Colchester Partners served as an advisor to PFS in the transaction, which was completed on June 4, 2025. Terms of the acquisition were not disclosed.

About Foundation Source (foundationsource.com)

Foundation Source is the leading provider of philanthropic software and services. A pioneer in philanthropic technology, we are the partner of choice for integrated, enterprise-grade solutions spanning private foundations, donor-advised funds and planned giving programs. Our flexible suite of tools and resources include end-to-end administrative support for the most popular charitable vehicles, specialized compliance, tax, development and consulting capabilities, and deep domain expertise to help maximize impact, mitigate risk, and improve efficiency for all parts of the philanthropic ecosystem. We work with donors, nonprofits, wealth advisors and financial institutions to launch, enhance or augment charitable initiatives with turnkey, white-label and outsourced offerings that meet a wide range of philanthropic objectives quickly, professionally, and compliantly.

As of June 15, 2025, we support more than 2,300 private foundations and more than 1,800 nonprofits, administer nearly $40 billion in charitable assets, and facilitate more than 180,000 grants and planned gifts annually.

About Pacific Foundation Services (pfs-llc.net)

Pacific Foundation Services was founded in 1987 as a collaborative effort to facilitate giving among local philanthropists. Our mission is to help philanthropists support meaningful, equitable change in their communities and the world through tailored operational and strategic expertise. Today, we partner with private foundations and philanthropic vehicles to facilitate over $1 billion in grantmaking every year.

MEDIA CONTACTS
Carly Taylor
foundationsource@neibartgroup.com
973-618-6993

The post Foundation Source Acquires Pacific Foundation Services, Solidifying Position as Leading Provider of Philanthropic Solutions appeared first on Foundation Source.

The acquisition builds on Foundation Source’s 25-year legacy of supporting private and family foundations and multigenerational philanthropy. The addition of Giving Place reinforces Foundation Source’s position as the category leader, delivering modern, enterprise-grade philanthropic solutions specifically tailored to the needs of the wealth industry. The combined business will continue its core mission to help donors and their advisors meet a wide range of charitable objectives through leading fintech solutions for private foundations, donor-advised funds, and planned giving programs.

“Foundation Source continues to invest in the capabilities and technologies that empower donors and advisors to achieve maximum impact. We know that private, family-led foundations often navigate complex wealth planning challenges, and their advisors need high-quality technology that delivers a complete, intuitive view of client giving,” said Joseph Mrak III, CEO of Foundation Source. “We are excited to welcome Giving Place to the Foundation Source family and introduce our new clients to a robust suite of resources and tools that offers end-to-end support for the philanthropic journey.”

The deal follows Foundation Source’s strategic acquisitions of Vennfi, the fintech powering donor-advised fund sponsor Charityvest, and PG Calc, the leader in planned giving software and services. With this latest acquisition, Foundation Source continues to expand and enhance its capabilities, prioritizing operational efficiency and a seamless, integrated experience for the wealth industry.

“This is an important milestone in Foundation Source’s strategic vision to bring enterprise-grade technology to the philanthropic sector,” said Kirk Smith, Principal at GTCR. “Foundation Source has a powerful combination of domain expertise, sophisticated products, proven infrastructure and world-class service that can scale to meet the needs of the largest private foundations, family offices, and wealth managers. We expect to build on the early success of Giving Place as we continue to expand our capabilities and deliver an unmatched experience to the industry.”

The transaction was completed on April 21, 2025. The terms of the transaction were not disclosed.

About Foundation Source (foundationsource.com)

Foundation Source is the leading provider of philanthropic software and services. A pioneer in philanthropic technology, we are the partner of choice for integrated, enterprise-grade solutions spanning private foundations, donor-advised funds and planned giving programs. Our flexible suite of tools and resources include end-to-end administrative support for the most popular charitable vehicles, specialized compliance, tax, development and consulting capabilities, and deep domain expertise to help maximize impact, mitigate risk and improve efficiency for all parts of the philanthropic ecosystem. We work with donors, nonprofits, wealth advisors and financial institutions to launch, enhance or augment charitable initiatives with turnkey, white-label and outsourced offerings that meet a wide range of philanthropic objectives quickly, professionally and compliantly.

As of December 31, 2024, we support more than 4,000 charitable organizations, administer more than $26 billion in foundation assets and facilitate more than 160,000 grants and planned gifts annually.

MEDIA CONTACTS
Carly Taylor
foundationsource@neibartgroup.com
973-618-6993

The post Foundation Source Acquires Giving Place Platform for Private Foundations and Family Offices appeared first on Foundation Source.

“We’re thrilled to leverage Ashby’s experience on our team as we accelerate innovation to provide donors, nonprofits, and the advisors that support them with best-in-class PhilTech solutions,” said Joseph Mrak III, CEO of Foundation Source. “Ashby’s cross-functional expertise is helping us fill a gap in access to the modern tools needed to empower financial institutions, wealth managers, and RIAs to address the range of philanthropic aspects of their clients’ financial lives.”

Mr. Foltz brings a unique background to Foundation Source spanning management consulting, tech-focused private equity, and early-stage technology leadership. Most recently, he co-founded Vennfi, a Y Combinator-backed WealthTech venture which helped launch industry leading donor-advised fund Charityvest with a frictionless giving experience designed to increase generosity. Vennfi was acquired by Foundation Source in October 2024. Assuming the role from Steve Aponte, Mr. Foltz works closely with the CEO, board of directors, and a team of experienced product professionals.

Prior to his work in PhilTech, Mr. Foltz led product for VacationFutures, an early-stage specialty finance company which was later acquired by TravelNet, and was an investment associate at San Francisco-based Serent Capital, focusing on acquisitions of founder-led businesses in fintech, compliance tech, and hospitality tech. He began his career as a business analyst at McKinsey & Company, advising private equity sponsors on potential investments and fund strategy as a member of the firm’s Principal Investing practice.

“I’m honored to join the team at Foundation Source during this exciting period of growth and innovation for the company,” said Mr. Foltz. “We hope that, by placing our existing best-in-class philanthropic solutions in the hands of the nation’s leading wealth managers, we can catalyze an immense amount of charitable activity while allowing advisors to deepen their client relationships in the process.”

About Foundation Source (foundationsource.com)
Foundation Source is the leading provider of enterprise-caliber and technology-led charitable giving solutions. At the forefront of PhilTech, Foundation Source is the partner of choice for flexible software and services that offer end-to-end support for private foundations, donor-advised funds and planned giving. We offer a range of purpose-built, cloud-based platforms that facilitate all stages of giving and a configurable suite of administrative, compliance, tax, and philanthropic advisory services for donors, nonprofits and charities, and professional advisors, including RIAs and financial institutions serving wealth management and private banking clients.

With 65 years of combined experience, Foundation Source empowers people and companies to create a better world through philanthropy. We support more than 4,000 charitable organizations, administer more than $26 billion in foundation assets, and facilitate more than 160,000 grants and planned gifts annually.

MEDIA CONTACT
Carly Taylor
foundationsource@neibartgroup.com
973-618-6993

The post Foundation Source Names Ashby Foltz Senior VP of Product appeared first on Foundation Source.

“We are excited to welcome Suzanne to the board during this pivotal time for Foundation Source,” said Joseph Mrak III, CEO of Foundation Source. “We have achieved recent significant milestones that have paved the way for our future success as the partner-of-choice for enterprise-level PhilTech, and I’m confident that Suzanne’s vast experience will help push us to new heights.”

The announcement follows the recent Foundation Source board appointments of other notable industry veterans, Mark Casady, Pamela Norley, and Chip Roame. It also comes on the heels of Foundation Source’s acquisitions of Vennfi, the fintech powering donor-advised fund sponsor Charityvest, and PG Calc, the leader in planned giving software and services, which enabled the company to become the only provider of a turnkey platform empowering wealth managers to offer a comprehensive set of philanthropic solutions.

Ms. van Staveren brings more than 20 years of leadership experience and a track record of growing and building organizations within the financial services industry. Before joining Edelman Financial Engines in 2022, Ms. van Staveren was the CFO of the Personal and Financial Management Group within Goldman Sachs. She also led Ayco’s Sales Strategy and Execution and Corporate Benefits Specialists teams. She was COO of the Americas institutional business for Goldman Sachs Asset Management. Prior to that, Ms. van Staveren worked at Fidelity Investments and AXA in a variety of functions, including developing and executing strategic plans, implementing new financial tools and processes, optimizing sales channels, improving product roadmaps, and working with clients.

“It’s an honor to work with a company that is dedicated to advancing the wealth management space with accessible and effective philanthropic solutions that integrate charitable giving into the financial planning conversation,” said Ms. van Staveren. “I am passionate about helping innovative companies expand their platforms and develop talent, and I look forward to joining the Foundation Source board in this new phase of growth.”

About Foundation Source (foundationsource.com)
Foundation Source is the leading provider of enterprise-caliber and technology-led charitable giving solutions. At the forefront of PhilTech, Foundation Source is the partner of choice for flexible software and services that offer end-to-end support for private foundations, donor-advised funds and planned giving. We offer a range of purpose-built, cloud-based platforms that facilitate all stages of giving and a configurable suite of administrative, compliance, tax, and philanthropic advisory services for donors, nonprofits and charities, and professional advisors, including RIAs and financial institutions serving wealth management and private banking clients.

With 65 years of combined experience, Foundation Source empowers people and companies to create a better world through philanthropy. We support more than 4,000 charitable organizations, administer more than $26 billion in foundation assets, and facilitate more than 160,000 grants and planned gifts annually.

MEDIA CONTACT
Carly Taylor
foundationsource@neibartgroup.com
973-618-6993

The post Foundation Source Appoints Suzanne van Staveren to Board of Directors appeared first on Foundation Source.

Through this partnership, Foundation Source will provide a ‘private label’ philanthropic platform that enables Callan Family Office advisors to streamline and improve overall management of clients’ charitable activities in lockstep with its core investment and planning services.

Foundation Source’s enterprise PhilTech solutions address the capabilities, workflows, and requirements of private foundation administration, donor-advised funds (DAF), and planned giving programs. Callan Family Office will have access to an enterprise dashboard providing a comprehensive view of the firm’s total philanthropic assets, grants, and expenses that it manages on behalf of clients.

“For our ultra-high-net-worth families, philanthropy is an integral component of their overall portfolio, not an afterthought,” said Betty Pettine, Managing Director, Philanthropic Consulting, at Callan Family Office. “With this partnership, we have the most cutting-edge tools to better manage our clients’ philanthropic initiatives, from starting a family foundation to growing an existing one or setting up a donor-advised fund.”

Foundation Source’s specialized suite of capabilities is a complement to Callan Family Office’s “Endure” program, which offers a dedicated and highly experienced team of consultants to advise wealthy families on strategies and practices that facilitate alignment, communication, and decision-making across generations. This includes preparing and educating next generations and providing advice on building a family legacy through philanthropy.

The partnership marks one of the first deals providing an independent RIA with the DAF functionality that Foundation Source gained as part of its acquisition of Vennfi, the fintech behind leading DAF sponsor Charityvest, in October 2024. The acquisition enabled Foundation Source to become the only provider of a turnkey platform purpose-built for wealth managers to offer and administer a comprehensive set of philanthropic solutions.

“We’re grateful to collaborate with the Callan Family Office team who shares our commitment to helping families with significant wealth create meaningful and impactful legacies,” said Joseph Mrak III, CEO of Foundation Source. “Today’s investors seek holistic, tailored financial advice that considers their values, personal interests, and family dynamics, and Foundation Source’s configurable technology and deep philanthropic expertise make it easier for advisors to meet unique client needs.”

About Callan Family Office
Independently owned and operated, Callan Family Office was founded by experienced wealth professionals to provide investment management, thoughtful personalized advice, and holistic financial planning to ultra-high-net-worth families, foundations, and endowments. The firm’s principals have spent their careers serving ultra-high-net-worth clients and institutions.

Callan Family Office has agreements with Callan LLC to use the Callan ® tradename in providing investment advisory services to the ultra-high-net-worth market segment and to access Callan’s institutional quality research, education, and investment guidance experience. Callan Family Office and Callan LLC are independent, unaffiliated investment advisory firms separately registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.

Callan Family Office (CFO) is the exclusive trademark licensee of Callan LLC. Callan LLC provides products and services to CFO. Clients of CFO are not clients of Callan LLC, and the parties are not affiliated. CALLAN, CFO and the other Callan trademarks and service marks are registered and/or unregistered trademarks of Callan LLC and may not be used without its permission. INVESTMENT ADVISORY SERVICES AND PRODUCTS PROVIDED TO CLIENTS OF CFO ARE PROVIDED SOLELY BY CFO AND NOT BY OR ON BEHALF OF CALLAN LLC. REPRESENTATIVES OF CFO ARE EMPLOYEES AND AGENTS OF CFO AND NOT EMPLOYEES OR AGENTS OF CALLAN LLC.

About Foundation Source (foundationsource.com)
Foundation Source is the leading provider of enterprise-caliber and technology-led charitable giving solutions. At the forefront of PhilTech, Foundation Source is the partner of choice for flexible software and services that offer end-to-end support for private foundations, donor-advised funds and planned giving. We offer a range of purpose-built, cloud-based platforms that facilitate all stages of giving and a configurable suite of administrative, compliance, tax, and philanthropic advisory services for donors, nonprofits and charities, and professional advisors, including RIAs and financial institutions serving wealth management and private banking clients.

With 65 years of combined experience, Foundation Source empowers people and companies to create a better world through philanthropy. We support more than 4,000 charitable organizations, administer more than $26 billion in foundation assets, and facilitate more than 160,000 grants and planned gifts annually.

MEDIA CONTACTS

Foundation Source
Carly Taylor
foundationsource@neibartgroup.com
973-618-6993

Callan Family Office
Peter Page, Vocatus
Ppage@vocatusllc.com

The post Callan Family Office Partners With Foundation Source to Expand Access to Sophisticated Philanthropic Solutions appeared first on Foundation Source.

“Gillian is an invaluable member of our team. Her leadership, expertise and vision have been instrumental in our success,” said Joseph Mrak III, CEO of Foundation Source. “We are thrilled to expand her role as we embark on an exciting new chapter of growth.”

Ms. Howell joined Foundation Source as Senior Vice President of Client Advisory Solutions in 2021. In this role, she has led teams of seasoned client management and philanthropic advisory specialists as they help individuals, families, and companies achieve their charitable objectives with greater efficiency and effectiveness. As National Philanthropy Executive, Ms. Howell will continue to oversee Philanthropic Advisory Services with an increased focus on client growth and retention. Ms. Howell will help Foundation Source deliver a broader set of advisory capabilities to nonprofit, private, and corporate clients, as well as support M&A strategy as the firm builds on its offering.

Ms. Howell brings more than 30 years of executive and philanthropic management experience to Foundation Source from Bank of America, where she most recently served as Managing Director and Philanthropic Market Executive for the New England region. Her earlier roles include heading up the Bank of America Charitable Gift Fund and National Private Philanthropy Executive, a role in which she was a top-producing leader of the private philanthropic sales and relationship management team at Bank of America Merrill Lynch.

Ms. Howell’s commitment to philanthropy includes partnerships with several organizations in her local community. She is a board member and sits on the investment committee for the Hartford Foundation for Public Giving. She also serves as Chair of the Board for Everyday Democracy and is a longtime member of the board and past-President of the Trustees of the Colt Bequest Inc.

“I’m excited to be on this journey with Foundation Source helping the company innovate and expand its services and solutions,” said Ms. Howell. “I consider myself lucky to partner with our clients to help them make a difference in the world through philanthropy, and I look forward to continuing this important work.”

About Foundation Source (foundationsource.com)
Foundation Source is the leading provider of enterprise-caliber and technology-led charitable giving solutions. At the forefront of PhilTech, Foundation Source is the partner of choice for flexible software and services that offer end-to-end support for private foundations, donor-advised funds and planned giving. We offer a range of purpose-built, cloud-based platforms that facilitate all stages of giving and a configurable suite of administrative, compliance, tax, and philanthropic advisory services for donors, nonprofits and charities, and professional advisors, including RIAs and financial institutions serving wealth management and private banking clients.

With 65 years of combined experience, Foundation Source empowers people and companies to create a better world through philanthropy. We support more than 4,000 charitable organizations, administer more than $26 billion in foundation assets, and facilitate more than 160,000 grants and planned gifts annua

MEDIA CONTACT
Carly Taylor
foundationsource@neibartgroup.com
973-618-6993

The post Foundation Source Names Gillian Howell National Philanthropy Executive appeared first on Foundation Source.

Generosity in 2024 has been impressive to date. Foundation Source’s private foundation clients have granted more than $865 million to nearly 19,000 recipients through the end of September, on pace to match or exceed giving in previous years. The firm predicts that the combination of market performance and the high volumes of grantmaking that occur in November and December will generate strong overall giving for the year. As clients get their final dollars out the door in 2024 and plan their giving for 2025, Foundation Source is watching:

• The growing popularity of organized giving and the power of a varied philanthropic toolkit
• The rising influence of the next generation and the ways they are redefining philanthropy
• The potential of advanced technologies to tackle challenges and make giving easier

“It’s an exciting time for the philanthropic sector. The rise of organized philanthropy, the aspirations of the next generation of givers, and the potential for technology all promise to make charitable giving easier and more efficient for donors, nonprofits and charities, and the financial advisors and institutions serving them,” said Mrak.

To further support year-end generosity, Foundation Source has also released its annual Guide to the Giving Season with a kit of resources for donors, advisors, and fundraisers to inspire creative, thoughtful and tax-wise gifts during the final months of 2024 and beyond. The guide offers extensive data, expert insights, and practical tips to help plan and deploy gifts strategically.

“We are inspired by the volume of activity we have seen during the giving season so far and we hope these resources will help further boost impact,” Mrak said. “We remain committed to empowering people and companies to create a better world through philanthropy and look forward to enhancing and expanding the way our clients can give in 2025.”

The full 2025 Giving Outlook can be viewed here and the 2024 Guide to the Giving Season resources are available here.

About Foundation Source (foundationsource.com)
Foundation Source is the leading provider of enterprise-caliber and technology-led charitable giving solutions. At the forefront of PhilTech, Foundation Source is the partner of choice for flexible software and services that offer end-to-end support for private foundations, donor-advised funds and planned giving. We offer a range of purpose-built, cloud-based platforms that facilitate all stages of giving and a configurable suite of administrative, compliance, tax, and philanthropic advisory services for donors, nonprofits and charities, and professional advisors, including RIAs and financial institutions serving wealth management and private banking clients.

With 65 years of combined experience, Foundation Source empowers people and companies to create a better world through philanthropy. We support more than 4,000 charitable organizations, administer more than $25 billion in foundation assets, and facilitate more than 120,000 grants and planned gifts annually.

MEDIA CONTACT
Carly Taylor
foundationsource@neibartgroup.com
973-618-6993

The post Charitable Giving Continues to Grow, Driven by Great Wealth Transfer and Expanding Philanthropic Toolkit appeared first on Foundation Source.

“With this acquisition, Foundation Source can now offer a DAF platform with an intuitive and frictionless user experience that sets a new industry standard for technology innovation,” said Joseph Mrak III, CEO of Foundation Source. “This strategic acquisition is an important milestone in Foundation Source’s mission to make giving easier and more impactful, and we’re excited to make these philanthropic solutions widely available to help people and companies drive change.”

The deal will broaden Foundation Source’s suite of offerings and accelerate the delivery of giving solutions across the wealth management industry through a turnkey private label platform that will make offering and administering a donor-advised fund easier and more efficient for DAF sponsors, broker-dealers, independent RIAs and other financial services organizations. The acquisition also includes a workplace program that allows employers to streamline corporate and employee giving efforts.

“As financial advisors and wealth management firms look for ways to differentiate themselves beyond traditional investment advisory expertise, a full set of philanthropic capabilities is essential for holistic client engagement,” Mr. Mrak continued.

Through this transaction, Foundation Source reinforces its position as the leader in philanthropic technology, administration, and professional services. Building on its market-leading suite of capabilities, Foundation Source will be the only provider to deliver scalable, end-to-end digital solutions across private foundations, planned giving, and donor-advised funds, making it the optimal choice for professional advisors, and financial institutions serving wealth management and private banking clients.

“Our organizations share a commitment to provide wealth managers and their clients with easier access to collaborative giving tools and resources,” said Vennfi CEO, Stephen Kump. “After a highly collaborative and exploratory process over many months, it became clear that, together, we can catalyze more giving by making it more accessible, secure, and efficient for more people. We are enormously excited to join the Foundation Source team to unlock even more purposeful giving in the years ahead.”

The Charityvest DAF program was launched to the public in December 2019 as a partnership between Vennfi, a financial technology company, and Charityvest, Inc., a 501(c)(3) public charity and donor-advised fund sponsoring organization. Following Foundation Source’s acquisition of Vennfi, Charityvest, Inc. will continue to operate as a separate, independent entity, managed by its own Board of Directors. Foundation Source technology will power the Charityvest DAF program, the turnkey DAF platform, and the workplace giving program.

“We are grateful for the past partnership with Vennfi and look forward to working closely with Foundation Source to harness additional capabilities to help our donors give more, and give more purposefully,” said Paul Glyer, Secretary of Charityvest, Inc.

The management team of Vennfi, led by Mr. Kump, will join Foundation Source, contributing their expertise and insights to sustaining a world-class client experience and the continued expansion of the combined entity.

Earlier this year, Foundation Source announced the acquisition of planned giving software and services leader, PG Calc, as part of its growth strategy to build a single platform for a wide range of flexible, popular, tax-advantaged resources that make giving easier.

The transaction was completed on October 17, 2024. The terms of the transaction were not disclosed.

About Foundation Source (foundationsource.com)

Foundation Source is the leading provider of enterprise-caliber and technology-led charitable giving solutions. At the forefront of philtech, Foundation Source is the partner of choice for turnkey software and services that offer end-to-end support for donor-advised funds, planned giving and private foundations. We offer a range of purpose-built, cloud-based platforms that facilitate all stages of giving and a configurable suite of administrative, compliance, tax, and philanthropic advisory services for donors, nonprofits and charities, and professional advisors, including RIAs and financial institutions serving wealth management and private banking clients.

With 65 years of experience, Foundation Source empowers people and companies to create a better world through philanthropy. We support more than 4,000 charitable organizations, administer more than $25 billion in foundation assets, and facilitate more than 120,000 grants and planned gifts annually.

About Vennfi

Vennfi Inc. is a financial technology company enabling the future of purposeful philanthropy. Its flagship offering is a next-generation, technology-enabled administrative solution for 501(c)(3) donor-advised fund sponsors, first launched in partnership with Charityvest Inc. in 2019. Headquartered in Atlanta, GA, Vennfi is backed by Y Combinator, Sovereign’s Capital, Teamworthy Ventures, and others.

About Charityvest (charityvest.org)

Charityvest, a donor-advised fund (DAF) sponsor, is on a mission to catalyze generosity via modern technology. It endeavors to enable everyone to engage more in philanthropy—to give, to give more, and to give better. In addition to serving individual and corporate donors, Charityvest partners with leading financial advisors and workplaces to launch modern giving programs for their stakeholders. Charityvest is headquartered in Atlanta, GA. For more information, or to start your personal giving account, please visit charityvest.org.

MEDIA CONTACT
Carly Taylor
foundationsource@neibartgroup.com
973-618-6993

The post Foundation Source Acquires Vennfi, the Fintech Powering Donor-Advised Fund Charityvest appeared first on Foundation Source.