PHILADELPHIA and FAIRFIELD, Conn., — (NEWS WIRE) — Callan Family Office, a registered investment advisor (RIA) managing more than $7 billion for U.S.-based ultra-high-net-worth families, family offices, foundations and endowments, today announced a partnership with Foundation Source, the nation’s largest provider of cloud-based charitable giving solutions, to enhance its philanthropic offerings.
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
973-618-6993
Callan Family Office
Peter Page, Vocatus