It’s been just over a year since CEO Joe Mrak joined Foundation Source to lead our next stage of growth. In that time, we’ve racked up some amazing accomplishments that have helped expand our business and strengthen our foundation to become the definitive partner for philanthropic solutions.
Expanded Capabilities
In February, we acquired PG Calc, the leading provider of software and services for planned giving. PG Calc was founded by Gary Pforzheimer, Bill Laskin and Winston Jones in 1985, as an offshoot of the Harvard planned giving office, and has distinguished itself as the go-to-resource for nonprofits and charities as they start and enhance their planned giving programs. This capability is an important tent pole in a complete philanthropic solution.
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.
