Foundation Source Fundamental

Everything Your Foundation Needs and Nothing More

You’ve been managing your foundation with some help from your accountant, and it’s been going fine—except you wonder:

An easier way to run your foundation
  • Have I missed anything my accountant should have for the 990-PF filing?
  • Am I on track to satisfy my annual minimum distribution requirement?
  • Have I inadvertently crossed the line with IRS regulations?
  • Will my family be able to step in when it’s time for them to take the reins?
  • Is there a better, easier way to run my foundation?

We can help. Foundation Source Fundamental delivers the essential services that a foundation like yours needs, at an economical price point. You’ll get an award-winning foundation management platform, the expertise of our private foundation specialists, and back-office support. It’s everything you need to achieve operational efficiency, regulatory compliance, and philanthropic excellence.

your foundation’s administrative and philanthropic needs

Foundation Source Fundamental addresses your foundation’s administrative and philanthropic needs, and you’ll get the following.

Peace of Mind

You’ll rest easy knowing that our foundation experts and robust systems will keep your foundation running smoothly and spot potential compliance issues before they become problems.

Continuity

Your foundation gains a solid infrastructure that supports your foundation now and will be there for the next generation when you’re ready to transfer leadership.

Transparency

Our intuitive online foundation management platform makes it simple to review your foundation’s investments, research charities, make grants, and keep track of all your foundation activities. If your foundation has members in different zip codes or time zones, you’ll appreciate how our technology helps you communicate and collaborate.

Sustainability

Things change, so the services that meet your needs today may not be what’s needed down the road. As your foundation evolves, you can tap into additional services from Foundation Source to meet those growing needs.

What we offer

Foundation Source Fundamental includes:

Foundation Source Online®

This secure web console https://www.foundationsource.com/demo-our-technology/ makes it easy to manage day-to-day foundation activities, research nonprofits, make grants, track your 5% minimum distribution requirement, view investments across all accounts, generate reports, and archive documents.

Active Compliance Monitoring

We review a grantee’s IRS status and keep an eye out for jeopardizing investments, self-dealing, taxable expenditures, affiliations with other nonprofits, and more.

Federal and State Filings

Our tax work includes the 990-PF return, quarterly excise taxes, Form 1099 for independent contractors, donor substantiation receipts, and filings required by the state where domiciled.

Transaction Processing

We process donations to the foundation and grant payments, prepare grant letters, and pay expenses and fees.

Foundation Recordkeeping

We catalog your grant history, funding and income, expenses, fees, and more as part of keeping the books for the foundation. You can access this information and run reports at any time through Foundation Source Online.

Foundation Source Fundamental speaks to the needs of foundations that have straightforward giving and uncomplicated assets. When we work together, you always maintain full control over your foundation and continue to set your investment strategy with your financial advisor. And should your needs evolve, we have the services to grow with you.

In Summary

We have decades of experience supporting private foundations. We know that foundations and their needs come in all shapes and sizes. Our goal is to take the time to understand your foundation, so we can help forge the best path forward. In the end, you want to make a difference with your philanthropy…and it’s our mission to help you do just that.

To learn more, call us at 800-839-0054, email us at info@foundationsource.com.

Download the Product Description

ABOUT FOUNDATION SOURCE

Foundation Source is the nation’s largest provider of management solutions for private foundations. We empower people and companies to create a better world with their philanthropy through a configurable suite of administrative, compliance, and advisory services complemented by purpose-built foundation management technology and private foundation experts.

We work in concert with financial advisors, legal and accounting professionals, consultants and family offices, as well as directly with individuals, families, and corporations to bring philanthropic visions to life. As we celebrate our 20th year of service, Foundation Source supports nearly 2,000 family, corporate, and professionally staffed foundations of all sizes and has enabled more than $7 billion in charitable grants.

© 2021 Foundation Source Philanthropic Services Inc. All rights reserved.
The information provided in this document is for general information purposes only, and does not constitute legal, tax or investment advice.