Whether you have a corporate foundation, a corporate giving program, or both, we’ve got you covered. By partnering with Foundation Source, you get a comprehensive suite of expert guidance, technology, and administrative support—all under one roof and tailored to your needs. It will simplify your company’s charitable giving and take your philanthropy to the next level.
We serve as your virtual staff, providing outsourced support for your corporate philanthropy.
Technology
Impactfully is a secure, web-based platform for managing your corporate philanthropy, including charity research, donation processing, activity tracking, and reporting. Viewing rights and permissions are customized for each staff member given access to the platform, enabling managers to control what staff can see and do online. This award-winning technology provides oversight and control over corporate giving and facilitates online communication and collaboration.
The Applications module makes it easy for your company to accept online applications from grant-seekers, then organize and review those requests. It includes:
The Outcomes module helps you track the impact of your company’s charitable donations. It automates the process of collecting key performance metrics from nonprofits and other recipients:
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. He/she gets to know you and your philanthropy program inside and out. Private Client Advisors are backed by specialists with expertise in tax and legal issues, compliance, and philanthropy. They will help you to:
Philanthropic Directors are available by separate engagement to advance your company’s philanthropy:
For companies that engage in workplace giving, these optional services are available through our network of preferred partners.
Contact us to learn more about of our comprehensive services
Nearly all companies engage in philanthropy as a means of giving back to the communities in which they operate. This includes financial contributions, product donations, in-kind services, and employee matching and volunteering.
However, only a fraction of these companies take advantage of the additional benefits that come from adding a corporate foundation to their philanthropic efforts. These unique and powerful advantages include:
The company gets a charitable tax deduction when it makes a contribution to its own foundation, plus it maintains control over those charitable assets into the future.
The company can avoid capital gains taxes when real estate, stock, and other appreciated assets are donated to the foundation.
Corporate foundations can engage in a wide range of charitable activities that would not be tax deductible if handled directly by the company:
In years when company profits are high, the foundation can build a reserve that can be tapped in leaner years.
Staffing and overhead can be paid by the foundation and counted toward its 5% minimum distribution requirement, resulting in a reduced cost to the company.
Corporate foundations are not required to collect substantiation receipts for gifts of $250 or more, a big plus for employee matching programs.
If your company is interested in establishing a corporate foundation, we can provide a new corporate foundation, ready for funding, in about a week. We’ll provide the nonprofit corporate entity, bylaws, and recommended governance policies; and we’ll file IRS Form 1023 for recognition of exempt status.
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