FAIRFIELD, Conn., — Foundation Source, the nation’s largest provider of cloud-based solutions for private foundations and planned giving, has been named the winner of the Philanthropy category in the WealthManagement.com 2024 Industry Awards. This award underscores Foundation Source’s commitment to providing holistic, tech-forward solutions for the wealth management industry to support clients across all stages of charitable giving.
Foundation Source earned the honor following the launch of its Client Meeting Kit, an in-depth suite of digital resources guiding advisors through the before, during, and after of philanthropic conversations with clients.
A feature of Foundation Source’s advisor-friendly PhilTech platform, the Client Meeting Kit helps facilitate client conversations, build deeper relationships, and, ultimately, deploy more charitable capital. It was developed with an extensive array of educational resources, including guides on foundation planning, tax benefits, and best practices for using philanthropy to connect with high-net-worth investors.
“We’re honored to receive this award and be recognized as a leader in solutions and services for the wealth management industry,” said Joseph Mrak III, CEO of Foundation Source. “Many wealthy investors are already involved with or thinking about philanthropy, and we’re excited to continue supporting advisors with robust tools and resources to make charitable planning with clients more efficient and impactful.”
“A record-breaking number of nominations were submitted in 2024, with over 1,000 entries received from more than 400 companies,” said David Armstrong, Director of Editorial Strategy and Operations, Wealth Management Group – Informa Connect. “The Industry Awards program has significantly expanded in scope in the ten years since it began, but the mission remains the same: To recognize and celebrate the outstanding initiatives undertaken by companies and individuals that contribute to the success of financial advisors in their businesses and foster improved outcomes for their clients.”
Foundation Source was selected by a panel of independent judges made up of industry leaders who evaluated finalist initiatives based on quantitative (e.g., scope, scale, adoption and feature set) and qualitative (innovation, creativity and new methods of delivery) measures.
A complete list of the 2024 Industry Awards winners and finalists can be found here.
About WealthManagement.com
WealthManagement.com, an Informa business, provides everything wealth professionals need to know to stay knowledgeable about the industry, build stronger relationships, improve their practice, and grow their business. WealthManagement.com offers financial services organizations a broad array of marketing services designed to help them influence the industry’s leading audience of wealth management professionals.
About Foundation Source (foundationsource.com)
Foundation Source is the leading provider of enterprise-caliber and technology-led charitable giving solutions. 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, professional advisors, and financial institutions.
For more than two decades, Foundation Source has empowered people and companies to create a better world through philanthropy. In February 2024, we acquired planned giving software and services firm PG Calc. Today we support more than 4,000 charitable organizations, administer more than $22 billion in foundation assets, and facilitate more than 120,000 grants and planned gifts annually.