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Family Offices

Comprehensive, Flexible Solutions That Help Support The Family’s Philanthropy

Charitable Giving Solutions for Your Families

In addition to supporting the family’s financial, investment, and personal needs, you also assist with the family’s philanthropy.

  • Does supporting your client’s charitable giving activities take up a disproportionate amount of your office’s resources?
  • Does your office have expertise in IRS regulations that govern charitable vehicles to ensure that the family’s giving is compliant?
  • Has the family expressed a desire to be more creative in their philanthropy, going beyond making direct gifts to public charities?
  • Is coordinating philanthropic activities among family members complicated because they live in different zip codes or time zones?

Benefits of Working with Foundation Source

Foundation Source is an experienced third-party administrator for private foundations, donor-advised funds, and planned giving. By partnering with us, your family office gets a robust platform for managing the family’s charitable giving without hiring additional staff or building infrastructure. You continue to manage the relationship with the family and their charitable investments, while we support you administratively. We’ll provide:

  • One unified platform to serve clients private foundations, DAFs, and planned gifts.
  • Ability to white-label giving vehicles according to your brand identity (or a family’s).
  • A team of foundation specialists who are on call for support and guidance
  • Active compliance monitoring to flag potential issues before they become violations
  • Guidance to unleash the full range of philanthropic activities permitted by the IRS
  • A technology platform that helps family members communicate and coordinate activities
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How We Work with You and Your Family Office

Your Office

Your designated staff person serves as the liaison between the family and our philanthropic technology and administrative services. Your office gets a dedicated Private Client Advisor who is always just a phone call away to answer questions, resolve issues, and implement special requests. Our charitable giving professionals are also available to connect directly with the family upon occasion, as you deem appropriate.

The Family’s Philanthropic Portfolio

Alongside your guidaince, the family sets philanthropic strategy and makes grantmaking decisions across their giving vehicles (DAFs & foundations).

Foundation Source

Working in the background, we provide all the services that are required to keep their charitable giving activities running smoothly and compliantly on a day-to-day basis. We will coordinate with you on administrative matters for their philanthropic activities.

Family Foundations: Understand your Options

 

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Let’s Connect!

Schedule a call with us today to learn more.

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With Foundation Source, You Get:

Purpose-Built Technology
What's included

Our applications were purpose-built to address the capabilities, workflows and requirements of private foundation, donor-advised fund, and planned gift administration.

Philanthropic Expertise
What's included

Foundation Source Philanthropic Directors are experienced professionals who are available to provide philanthropic advice to your staff or directly to the family via occasional phone consultations. When the family requires more extensive support, our Philanthropic Directors can provide in-depth, custom engagements. These could include:

  • Defining—or revisiting—philanthropic goals and priorities
  • Translating a general interest (e.g., homelessness or clean water) into a concrete grantmaking strategy
  • Increasing family engagement, including bringing the next generation on board
  • Planning for change, such as leadership succession or a major change in assets

Charitable vehicle formation
What's included

We work with your team and/or the family’s attorney to create DAFs, form private foundations, or establish planned gifts.

Administrative Services
What's included

Our professional staff handles the details that keep your client’s philanthropy running smoothly, relieving the family office of the administrative burden while mitigating risk exposure. We take care of the following:

  • Grant processing and disbursements
  • Expense processing
  • Active compliance monitoring of charitable activities
  • Charitable giving accounting and reconciliation support
  • Tax work

In Summary

We have decades of experience across private foundations, donor-advised funds, and planned giving. We know that a family’s philanthropic needs come in all shapes and sizes. Our goal is to take the time to understand your practice and your clients, so we can help forge the best path forward. In the end, your clients want to make a difference with their philanthropy… and it’s our mission to help them do just that.

Ready to get started?

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Or, call us at 800-839-0054