FAIRFIELD, Conn., – Foundation Source, the premier provider of philanthropic solutions for donors, nonprofits, institutions, and the wealth advisors who serve them, has been recognized as the winner of the Philanthropy category at the 2025 Wealth Management Industry Awards (the “Wealthies”) for the second consecutive year. This award underscores Foundation Source’s commitment to equipping the wealth management industry with the tools they need to manage charitable giving activities professionally, quickly, and compliantly.
Foundation Source earned this honor after undertaking a bold expansion strategy in 2024 with the acquisitions of Vennfi, the fintech behind donor-advised fund Charityvest, and PG Calc, the leader in planned giving services and software. Through these acquisitions, Foundation Source enhanced and scaled its proprietary, cloud-based platform while adding tech-enabled solutions for other tax-advantaged charitable giving vehicles that support the entire donor lifecycle. As a result, Foundation Source is now the only provider of end-to-end digital solutions designed specifically for private foundations, donor advised funds, planned giving programs, endowment sub-accounting, and philanthropic advisory services.
The firm has continued to expand this year, acquiring Giving Place, a software platform for family offices, and Pacific Foundation Services, a foundation management organization. Foundation Source’s enterprise solutions have been adopted by several recognized leaders in wealth management innovation including Envestnet, Northern Trust, and Callan Family Office to elevate their philanthropic capabilities and deliver a more well-rounded offering for advisors.
“We’re honored to receive this prestigious award from WealthManagement.com for the second year in a row,” said Joseph Mrak III, CEO of Foundation Source. “Philanthropy has been an undeveloped area in the advisor tech stack and our PhilTech solutions are filling a critical gap as sophisticated clients demand more holistic and tailored support.”
Now in its 11th year, the Wealth Management Industry Awards is the only awards program of its kind to honor outstanding achievements by companies, organizations and individuals that support financial advisor success.
“A record-breaking number of nominations were submitted in 2025, with over 1,200 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 11 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 as the Philanthropy winner 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 2025 Wealth Management Industry Awards winners and finalists can be found here.
About Foundation Source (foundationsource.com)
Foundation Source is the leading provider of philanthropic software and services. A pioneer in philanthropic technology, we are the partner of choice for integrated, enterprise-grade solutions spanning private foundations, donor-advised funds and planned giving programs. Our flexible suite of tools and resources include end-to-end administrative support for the most popular charitable vehicles, specialized compliance, tax, development and consulting capabilities, and deep domain expertise to help maximize impact, mitigate risk, and improve efficiency for all parts of the philanthropic ecosystem. We work with donors, nonprofits, wealth advisors and financial institutions to launch, enhance or augment charitable initiatives with turnkey, white-label and outsourced offerings that meet a wide range of philanthropic objectives quickly, professionally, and compliantly.
As of June 30, 2025, we support more than 2,300 private foundations,18,000 DAF account holders, and more than 1,800 nonprofits, administer $40 billion in charitable assets, and facilitate more than 180,000 grants and planned gifts annually.
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.
