World Class Team
Over the last year, we’ve continued to strengthen our team and add specialized experience that will help get us to the next level and best support our clients and the philanthropic sector. In addition to Joe, we are fortunate to have world-class board members in Pam Norley, the former president of Fidelity Charitable; Chip Roame, managing partner of Tiburon Strategic Advisors; and Mark Casady, the founder of Vestigo Ventures and the former CEO of LPL Financial. More recently, Lou D’Addario joined the team as Chief Revenue Officer to deepen our relationships with financial institutions and accelerate our growth. The collective industry accomplishments and leadership experience in our team is unparalleled and will be a valuable tailwind in the coming years.

Tech Enhancements
Our purpose-built technology make private foundations and planned giving easier for all players in the philanthropic ecosystem. As one of our key differentiators, we’ve continued to invest in the stability and security of our cloud-based platforms while adding features and functionality for our current users and new markets. Some of the most compelling additions include a new grantee portal that facilitates collaboration between funders and grantees and a suite of dashboards and reports for financial institutions and advisory professionals. Stay tuned for more exciting releases!

Enterprise Solutions
Banks, brokerages, trust companies and asset managers provide a critical suite of services to philanthropists and nonprofits – and our charitable giving capabilities are a natural complement to the core infrastructure that exists at those firms, enabling them to strengthen their compliance oversight of charitable giving and tax-exempt business, offer more targeted and streamlined service to foundations, endowments and high-net-worth clients, and increase customer stickiness.

Awards and Recognition
In the past 12 months we’ve been honored as a winner at the ThinkAdvisor LUMINARIES Awards 2023 in the Financial and Investment Innovation category, as a winner at the Wealth for Good Awards 2024 for Innovative Technology Solution (Americas), as a winner for Philanthropy and a finalist for Innovation Platforms at the Wealth Management Industry Awards 2024, as a finalist at the Family Wealth Report Awards 2024 for Product Innovation, and shortlisted for Family Office Innovations and Best Philanthropic/Educational Initiative at the With Intelligence Private Asset Management Awards 2024. Recognition from our colleagues in the industry is incredibly gratifying and a testament to the unique value of our offerings.

As wealth transfer dynamics accelerate and rising generations inherit the capital to effect social change in the ways that are important to them, we are equipping advisory professionals and financial institutions with the tools and insights to capture and deepen those relationships. The past 12 months have been filled with key strategic milestones for our business and, with the support of GTCR, we’re well-positioned to break new ground in the year ahead!

Interested in learning more?
We’re here to help! Schedule a call with us or reach us at 800-839-0054. Together, let’s #begiving.

The post A Year of Milestones appeared first on Foundation Source.

I believe that the foundation model is not only sound, but essential to a strong culture of philanthropy in the U.S. And I believe it is a field that is ripe for technological and process innovation that will help keep foundations at the forefront of giving for generations to come.

In particular, I think now is the time to make financial advisors and wealth management firms active partners in the establishment and operation of foundations for their high-net-worth clients. And that is what I hope to help accomplish as the CEO of Foundation Source.

Efficiency and Accessibility: Making Foundations Integral to Financial Planning
I joined Foundation Source because the company is already solving problems foundations face: managing the inherent complexities of operations in an efficient manner. For more than 20 years, Foundation Source has outsourced world-class expertise to foundations, and has designed a digital interface that helps individuals and families solicit and issue grants and keep on top of day-to-day administration.

Where I see opportunity is to lean into the technology to make running a foundation even more turnkey, and to partner with advisors and wealth management firms so that the process of opening and running a foundation is more accessible and efficient.

I believe this will have three important effects on the world of philanthropy:

• First and perhaps most importantly, I hope it will make giving an integral part of financial planning. This is a tremendous service to clients since it brings all their goals – personal investment goals, legacy planning and giving – into alignment. A family’s values and vision are a part of all of these. It also empowers advisors to engage with their clients in a new and deeply personal way, increasing the value of the service they provide and keeping more assets under a single umbrella.
• Second, lowering overhead and complexity barriers will mean more families and individuals can reasonably set up a foundation. The table stakes for setting up a foundation will drop, from the roughly $2-5 million initial contribution many experts consider the floor today to as little as $1 million, expanding the universe of potential benefactors for whom a foundation is a viable giving option.
• Third and most practically, it will make foundations themselves more efficient, reducing overhead and leaving more assets available to make the world a better place.

What Integrated Wealth and Philanthropic Planning Looks Like
Our team is already engaging with wealth management firms, banks and other financial advisory businesses to deploy Foundation Source technology as part of the advisor dashboard. In the future, advisors at partner firms will be able to look at a client’s overall financial picture – including giving – and help with foundation investments and transactions just as they do a client’s retirement accounts.

On the client side, Foundation Source’s user-friendly and efficient foundation dashboard will be the interface clients and families will use to solicit, manage and respond to grants, and keep on top of the foundation’s reports and overall status. This solution may be white labeled as part of the partner institution’s offering.

In the future, we will also be exploring how Foundation Source’s technology can be used to manage donor-advised funds (DAFs), a popular giving solution that are easy to set up and have low reporting requirements. DAFs are not only an option for those who aren’t good candidates for foundations, but also are a supplemental giving tool used by many who do have foundations.

Philtech – Philanthropy Tech – Is Part of a Continuum of Change
Wealthtech has been transforming personal finance for generations. It took stock trading from the realm of Wall Street specialists and put it in the hands of everyone. It made the everyday processes of banking as easy as pushing a button on your smartphone. Loans, mortgages, taxes, accounting, even giving to an individual charity – all of these fields have been profoundly democratized using SaaS approaches.

I hope that by engaging with advisors and wealth firms, we can help take the technological advancements Foundation Source and other foundation management providers have made and make them more broadly available.

These changes won’t take place overnight, but I believe what we are doing will elevate giving and philanthropy to the same level as investing and retirement planning: An integral part of everyone’s financial plan, for the good of their legacy and for the good of the world.

Questions in the Meantime?
Whether you’re just starting your philanthropic journey, want a better, easier way to run your foundation or are looking for ways to best support your charitable clients, you likely have questions—lots of them. We’re here to help! Schedule a call with us or reach us at 800-839-0054. Together, let’s #begiving.

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• A corporate foundation can engage in charitable activities that would not be tax deductible if handled directly by the company. These include loans for a charitable purpose that are paid back to the foundation; grants to for-profit entities when they are used for a charitable purpose or to advance the work of the foundation; scholarship programs; and even grants to individuals for disaster relief and economic hardship.
• It can allow for a more consistent level of giving: building an endowment in years when company profits are high that can be tapped into during less profitable years.
• The company can avoid capital gains taxes when highly appreciated assets—such as stock, land, and other appreciated property—are “gifted” to the corporate foundation.
• Staffing and overhead for the foundation can be paid by the foundation, resulting in a reduced cost to the company.
• When named for the company, the foundation’s charitable activities reflect positively on the company’s image. Similarly, a company with a well-known and respected name can generate greater public visibility for the foundation’s charitable activities.
• The foundation’s funding guidelines can help company executives gracefully turn down inappropriate funding requests, especially from friends, customers, and employees.
• Unlike donations made directly by the company, foundations are not required to collect substantiation receipts from nonprofits for gifts greater than $250. For companies with matching gift programs, or that make many small donations, this means they do not have to expend resources tracking and collecting these receipts.

Starting a Corporate Foundation Has Never Been Faster or Easier

Foundation Source will establish your corporate foundation and have it ready for funding in less than a week. Over the past decade, we’ve created over 2,000 foundations and have developed a proven and streamlined process.

Here’s what’s included:

• Creation of the foundation entity (a Delaware nonprofit corporation)
• Bylaws and essential governance policies
• Preparation and filing of the IRS application for exempt status (Form 1023)

OUTSOURCED EXPERTISE AND SUPPORT SERVICES TO ESTABLISH AND HELP YOU MANAGE YOUR CORPORATE FOUNDATION

Simplified Foundation Management

Foundation Source provides a full suite of services to keep your corporate foundation running efficiently, effectively, and compliantly. This allows your staff to devote their time to strategy and program development, as well as the needs of running your business.

We take care of everything: state and federal filings, transaction accounting, document management, compliance monitoring, transaction processing for grant checks, transmittal letters, expenses, and fees.

You’ll also enjoy peace of mind knowing that foundation experts are keeping watch to help you avoid compliance issues that can result in financial penalties, reputational harm, and even loss of exempt status.

Below is a brief summary of our foundation management services.

ADMINISTRATIVE SUPPORT

We provide the day-to-day support all corporate foundations need to operate efficiently and compliantly. This includes transaction recordkeeping, active compliance monitoring, grant check processing, and state and federal filings. There’s no need to hire additional staff or burden existing employees with duties they aren’t trained for.

ONLINE RESOURCES

Foundation Source Online® is a secure, web-based platform for managing foundation activities, including charity research, grantmaking, reporting, viewing investment balances across all accounts, and checking your 5% minimum distribution requirement. Viewing rights and permissions are individually defined for each staff member given access to the site. It provides transparency into foundation activities and facilitates communication and collaboration among those involved.

PHILANTHROPIC ADVISORY SERVICES

We have philanthropy, tax, and legal experts to get you started and then take your foundation to the next level. Services are coordinated through a dedicated Private Client Advisor, who serves as your primary contact and gets to know you and your foundation inside and out. In addition, our Philanthropic Advisory Services team has extensive experience in partnering with corporate foundations. Foundation Source clients have access to customized advisory services, tools and resources that enable foundations to maximize the impact and efficiency of their philanthropy. Contact us today to learn more.

STREAMLINED GRANTS MANAGEMENT

Applications facilitates the grantmaking process, making it easy for your foundation to accept and review online applications while also making the process convenient for your applicants. Because applications are submitted electronically, staff can efficiently organize and manage grant requests; centrally communicate about them; review them online; and easily generate data and reports.

Outcomes helps the foundation track the impact of its charitable donations, monitor performance, and request formal reports, all from a simple web console. It automates the process of collecting key performance information from nonprofits, including how grant funds were spent, grantee’s progress towards goals, unexpected challenges, and lessons learned.

EMPLOYEE ENGAGEMENT

These optional services are available through our network of preferred partners: workplace giving, volunteer tracking, international programs, fundraising campaigns, and disaster relief.

The post Corporate Foundations: Getting Started appeared first on Foundation Source.

Family foundations of every size (and at every stage of their philanthropic journeys) have all found a home at Foundation Source. That’s because our offerings are flexible to suit the individual needs of each foundation—whether they’re just starting out or are looking to professionalize their current processes.

What We Added This Year

The largest wealth transfer of our time is on the horizon, and we continue to build new features that help family leaders get younger family members more involved in giving. Our new engagement features give users an overview of recent foundation activities and make it easy for family members to connect and collaborate across the miles:

• We made it easier for families to invite someone new to their Foundation Source Online® platform with self-service features that are still fully supported by each client’s Private Client Advisor.
• Our new Impact Planning feature provides a budgeting-type capability where a family can set goals by cause or issue and monitor progress. For instance, if a family typically gives away $1 million a year toward education and fine arts, but younger generations want to focus on clean water, the family can identify a specific dollar amount, say $100K a year for clean water, and add it as a new focus area of the impact plan. Grants can be tracked against it too.
• To help increase involvement by family and friends without appointing them to the foundation, we created a unique giving tool called “Grant Certificates.” These enable the foundation to give limited granting rights to those not officially on the foundation. For example, grandparents can permission their grandchildren with set granting amounts per year—these grants can even be linked back to issues through the impact plan.

Corporate Foundations: Helping Simplify Their Giving

As we mentioned, our 2,000^th client was a large corporate foundation and we are here to help simplify giving. We offer a comprehensive suite of expert guidance, compliance, technology, and administrative support—all under one roof and tailored to each foundation’s need.

Our services for corporate foundations and giving programs include:

• Administration – We serve as your virtual staff, providing outsourced support for your corporate philanthropy.
• Compliance Support – From verifying a grantee’s 501(c)(3) public charity status to monitoring grants and expenses to prevent self-dealing and jeopardizing investments, you can rest easy with our team of experts.
• Technology – Foundation Source Online®is a secure, web-based platform for managing your corporate philanthropy, including charity research, donation processing, activity tracking, and reporting.
• Expertise – Each client is supported by a Private Client Advisor, a dedicated relationship manager for your company who is available to assist company representatives with our services on a daily basis.
• Employee Engagement – For companies that engage in workplace giving, we have optional services available through our network of preferred partners.

Learn more about our corporate foundation and giving program services.

Supporting Professional Teams

Many philanthropists are backed by a team of professionals, including wealth advisors, CPAs, attorneys and family offices. We work closely as an extension of your team, providing tailored support to the team of pros that in turn support you. Learn more.

Want to Learn More About the Foundations We Serve?
Checkout our Client Stories.

Philanthropic Support Is Just a Call Away
Have questions about philanthropy? We’re here to help! Schedule a call with us here or call 800-839-0054.

The post 2,000 Clients: How We’re Modernizing Philanthropy for Families & Corporate Foundations appeared first on Foundation Source.

While some clients might want to assemble a team of talent for their foundation, from attorneys and accountants to philanthropic consultants, the time and effort required to oversee and coordinate a team of advisors can outweigh the benefits. And if those advisors do not have the expertise required to properly handle private foundation business, it can lead to errors and problems.

With Foundation Source, you can provide your clients with an entire team of foundation experts, all coordinated by a Private Client Advisor who knows you, the foundation, and, if you wish, the client. You and your clients get all the sophistication, resources, and experience of a billion-dollar foundation, for a fraction of the cost. And because all foundation needs are managed under one roof, important tasks don’t “fall between the cracks.”

2. You Can Manage Your Client’s Foundations Conveniently, Giving Them Full Transparency

We’ve seen lots of do-it-yourself systems for managing foundation expenses and tracking activities, from Excel spreadsheets and QuickBooks to manila folders crammed with paper. None of them can compare to Impactfully, our exclusive, online platform created from the ground up for the unique needs of private foundations.

Family offices use this award-winning web platform to provide full transparency to foundation members regarding foundation activity, records, and investment balances. They can use Impactfully from any device, and it’s fully customizable.

YOU AND YOUR CLIENTS GET ALL THE SOPHISTICATION, RESOURCES, AND EXPERIENCE OF A BILLION- DOLLAR FOUNDATION, FOR A FRACTION OF THE COST.

3. You or Your Clients Can Make Grants Whenever and Wherever It’s Convenient

With Impactfully, making transactions on behalf of your client’s foundation is simple and convenient. Use the web platform to research charities and make grants, keep tabs on the foundation’s philanthropic activity, and track progress toward the foundation’s five percent minimum distribution requirement. The flexible reports library enables you to drill down into foundation details to clearly understand foundation activities, and if your client wants to make a grant themselves, they can do so at any time, from any location. Should you want to permit other family members to do so, powerful security features enable you to custom-tailor access and granting rights. And because all of these capabilities are online, the foundation is open for business at any time, from anywhere you or your clients happen to be.

4. Get Top-Flight Foundation Support on Call, Not on Staff

With Foundation Source, you don’t have to hire in-house philanthropic experts because we become your virtual staff. Working with private foundations is our only business, and we’ve assembled a team of private foundation specialists you can’t find anywhere else or in one place: foundation administrators, compliance experts, foundation tax preparers, and technology support.

Our philanthropic advisors, veterans in the philanthropic field, have experience in large foundations, small foundations, and nonprofits. They give you or your clients top-tier philanthropic advice when it’s needed.

5. We Keep Your Clients Out of the News

It can be difficult for a family office to keep up with all the rules and regulations pertaining to private foundations, which are always changing. But “ignorance of the law is no excuse,” and your clients don’t want the type of publicity associated with penalties for violations. With Foundation Source providing active compliance monitoring, there’s no need to worry.

Your clients get the most experienced specialists in the country watching over the foundation. Our outstanding tax and legal staff monitor the foundation’s transactions, flagging potential problems before they rise to the level of compliance violations. And they are just a phone call away to answer any questions.

6. Your Clients Can Unleash the Full Power of Their Foundation

The IRS allows private foundations wide latitude to do a host of things that aren’t possible with any other charitable vehicle. And while writing grant checks to nonprofits will always be the cornerstone of foundation giving, many of today’s philanthropists want to go beyond the simple transfer of funds to 501(c)(3) organizations. This is especially true of younger clients who are inspired by entrepreneurial philanthropists, such as Bill Gates and Sean Parker.

With Foundation Source, we make it easy for your clients to engage and employ every IRS-sanctioned option available to accomplish their charitable goals: grants to individuals, program-related investments, direct charitable activities, etc. Whether they want to support an orphanage in India that’s never heard of an IRS 501(c) (3) designation, or make an equity investment in a for-profit drug company that’s developing a cure for a rare disease, Foundation Source can help them leverage their foundation’s extraordinary capabilities without running afoul of IRS regulations.

WE MAKE IT EASY FOR YOUR CLIENT TO ENGAGE AND EMPLOY EVERY IRS-SANCTIONED OPTION AVAILABLE TO ACCOMPLISH THEIR CHARITABLE GOALS.

7. You Can Keep Your Clients Off the IRS Radar with Properly Prepared 990-PF Tax Returns

The IRS has stepped up its review of private foundation tax returns. Now, more than ever, it’s imperative that your client’s annual 990-PF tax return is prepared by experts who know the ins and outs of this specialized filing as well as the potential issues that an IRS reviewer might flag.

At Foundation Source, our team of tax specialists complete over two thousand 990-PFs each year as well as quarterly excise tax filings, state filings, and every other state and federal filing required for private foundations. There are no more experienced preparers in the private foundation space.

8. You Can Significantly Reduce Your Client’s Foundation Tax Bill

At Foundation Source, we undertake strategic data mining to help donors avoid tax penalties, and we proactively identify opportunities for them to obtain tax refunds on an ongoing basis—not just whenever a filing is due. Recently, we helped a foundation receive a $110,000 refund; another received $80,000. And because of our in-depth knowledge of tax law and IRS regulations, we often help foundations that are new to Foundation Source abate IRS penalties assessed in connection with a prior accountant or due to their own mistakes.

One frequently overlooked possibility for savings is the foundation’s excise taxes. Private foundations are required to pay a 1.39% excise tax on income and realized capital gains.

9. Your Clients Can Communicate with Over 2,000 Private Foundation Donors

Family foundations often operate outside of the formal philanthropic field, making it difficult to connect with and learn from their peers. With Foundation Source, you and/or your clients get access to an instant network of foundation donors, both online and in-person. When you or your client have questions, post them to the Client Forum, a secure, social networking platform that’s reserved exclusively for Foundation Source clients and their authorized staff.

10. Your Clients Get a Sustainable Solution for Foundation Operations

Because our wide array of services adapt to fit every foundation’s needs, you can count on your partnership with Foundation Source to last.

As foundations evolve and change, they need never misplace key data, lose momentum, or endure growing pains during staff and board transitions. Whatever comes, we’re a constant, steadying presence that can help you maintain the efficacy of your clients’ foundations for many years to come.

WE PROACTIVELY IDENTIFY OPPORTUNITIES FOR CLIENTS TO OBTAIN TAX REFUNDS ON AN ONGOING BASIS—NOT JUST WHENEVER A FILING IS DUE.

The post 21st Century Private Foundations: Outsourcing for Impact appeared first on Foundation Source.

Don’t Make Decisions in the Dark

Harness the power of Outcomes and see exactly what your grants have achieved. It’s never been easier to get monitoring reports from your grantees.

Outcomes organizes and automates the process of collecting follow-up reports from your grantees, saving your foundation time and effort.

“As our foundation’s grant manager, I can say that the Outcomes module of the platform has been a huge timesaver! We have been able to customize our templates to meet our unique requests to our grantees, and the ‘Flag for Results’ button has further helped to ensure that important follow-ups are not missed.”

AMELIA WHITECULTURES OF RESISTANCE NETWORK

The post Outcomes appeared first on Foundation Source.

A Better Process

• Easily accept online applications
• Eliminate time spent on long-shot requests
• Review applications in real time
• Confirm eligibility of charities
• Track every activity

Foundations can post their guidelines and funding criteria to cut down on the number of extraneous requests for funding. Because applications are submitted electronically, the foundation can efficiently organize and manage grant requests; centrally communicate about them; review them online; and easily generate data and reports.

Our secure, web-based system is available 24/7 and easily accessible from any device.

A Better User Experience

• User friendly
• Accessible to everyone at the same time
• Information organized for your needs
• Customized to your foundation

“Switching from paper files to the Applications module has drastically improved our entire grant making program. The Board members are now able to review grant applications online and make comments for others to see which has streamlined the grantmaking decisions. Potential grantees have found the online application process to be easy to navigate with the ability to upload supporting documentation. This process has made our grantmaking process, from start to finish, more efficient.”

JAY H. SANDAK, PRESIDENT/CEOTHE HERBERT & NELL SINGER FOUNDATION

The post Applications appeared first on Foundation Source.

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We’ve seen lots of do-it-yourself systems for managing foundation grants and tracking activities, from Excel spreadsheets to manila folders crammed with paper. None can compare to Impactfully, our exclusive, online platform created from the ground up for the unique needs of private foundations.

You can use this award-winning, customizable web platform from any Internet-enabled device to easily view investment balances, research charities and make grants, keep tabs on philanthropic activity, and collaborate with foundation members—even those who live in different area codes and time zones. Powerful security features let you custom-tailor access and granting rights for each foundation member while controlling what he or she can see and do online. And the flexible reports library lets you drill down into foundation details to clearly understand foundation activities.

WITH FOUNDATION SOURCE, YOU GET SOPHISTICATION, RESOURCES AND CAPABILITIES THAT WERE PREVIOUSLY RESERVED FOR ONLY A HANDFUL OF THE LARGEST, PROFESSIONALLY STAFFED FOUNDATIONS

3. Get top-flight foundation support on call, not on staff.

Because Foundation Source becomes your virtual staff, you can achieve powerful philanthropy without bureaucracy or overhead. Working with private foundations is our only business, and we’ve assembled a team of private foundation specialists you’d be hard-pressed to replicate: foundation administrators, compliance experts, philanthropic advisors, foundation tax preparers, and technology support. And because everything is taken care of in one place, you can tap into all of this expertise just by calling your dedicated Private Client Advisor.

4. You (and your attorney) will sleep better at night.

You didn’t start your foundation because you wanted to become an expert in the Internal Revenue Code. But as any judge will tell you, “ignorance of the law is no excuse” when facing penalties for violations. With Foundation Source providing active compliance monitoring, you can rest easy.

You get the best talent in the country watching over your foundation. Our outstanding tax and legal staff monitor your foundation’s transactions and flag potential problems before they rise to the level of compliance violations.

5. You get access to veteran philanthropic experts.

Need help from time to time but don’t have the time or desire for a drawn-out consulting engagement?
Not sure where to get reliable, informed advice? Foundation Source has the most effective, least expensive, and most flexible way to access the expertise you need. We’ve done the vetting for you, hiring veterans in the philanthropic field who have experience in large foundations, small foundations and nonprofits. They’re at your service to provide top-tier philanthropic advice when and as you need it, whether you want an answer to a quick question, help developing a strategy or guidance for navigating turning points in your foundation’s life cycle.

6. You can unleash the full power of your foundation.

The IRS allows private foundations wide latitude to do a host of things you simply can’t do with any other charitable vehicle. And while writing grant checks to nonprofits will always be the cornerstone of foundation giving, some funders want to go beyond the simple transfer of funds to 501(c)(3) organizations.

Foundation Source offers services that can support even the most ambitious and imaginative philanthropy, making it easy to employ every IRS-sanctioned option available to your foundation: grants to individuals, program-related investments, direct charitable activities, etc. Whether you want to support an orphanage in India, loan funds to help a museum construct a new wing or run your own coat and mitten drive, Foundation Source can help you leverage your foundation’s full capabilities without running afoul of IRS regulations.

7. You can keep off the IRS radar with properly prepared 990-PF tax returns.

When having heart bypass surgery, you want a specialist who has successfully performed the procedure a thousand times before. And while your private foundation’s annual 990-PF tax return is not a life or death matter, it’s in your foundation’s best interest to seek out experts who know the ins and outs of this specialized filing.

Unfortunately, not every foundation receives this level of care. When we take over the administration of an existing foundation, the first thing we do is review its past 990-PF returns. It’s unfortunate how often we find returns with issues, ranging from minor to significant.

At Foundation Source, we complete over a thousand 990-PFs each year, as well as quarterly excise tax filings, state filings, and every other state and federal filing required for private foundations.

8. You can significantly reduce your foundation’s tax bill.

Any CPA can help you implement strategies to reduce your personal tax bill, but you need special expertise to achieve the same for your foundation.

We undertake strategic year-end data mining to help clients avoid tax penalties, and we proactively identify opportunities for clients to obtain tax refunds on an ongoing basis—not just whenever a filing is due. Recently, we helped a client receive a $110,000 refund; another received $80,000. And because of our in-depth knowledge of foundation tax law and IRS regulations, we often help new clients abate IRS penalties assessed in connection with a prior accountant or due to their own missteps.

9. You become part of the Foundation Source family of over 2,000 private foundations.

Many foundations operate outside of organized philanthropy, making it difficult to connect with and learn from their peers. As a Foundation Source client, you join a ready-made community of more than 2,000 foundations of all sizes from coast to coast. We can facilitate introductions to clients working in your areas of interest. You’ll also have access to informative webinars and in-person client events where you can network and share ideas and best practices.

10. You get a sustainable solution for foundation operations.

When you partner with Foundation Source, your foundation gains a solid infrastructure that supports your foundation today and will be there for the next generation when you’re ready to transfer leadership. As you evolve and change, our wide array of services adapt to fit your needs, so you’ll never misplace key data, lose momentum or endure growing pains during staff and board transitions. Whatever comes, we’re a constant, steadying presence that can help your foundation maintain its efficacy throughout its life cycle.

The post Your Foundation, Only Better appeared first on Foundation Source.