Help Your Clients Make a Greater Philanthropic Impact

The Benefits of a Private Foundation for You and Your Clients

It’s no secret why leading wealth managers are partnering with Foundation Source: private foundation services are key to attracting and retaining high-net-worth clients.

Foundation Source is the nation’s largest provider of comprehensive support services for private foundations. We work with foundations of all sizes nationwide. Services include administration, active compliance monitoring, state and federal filings, online foundation management tools, philanthropic advisory services, tax and legal expertise, and foundation creation, when needed.

Your clients provide the vision; you manage the assets; we take care of everything else.

According to the 2021 Bank of America Study of Philanthropy: Charitable Giving by Affluent Households, 88% of affluent households give to charity. This widespread interest and commitment to philanthropy creates ample opportunity for advisors to extend and enhance the services they provide their high-net-worth clients. In fact, a 2018 U.S. Trust survey found that 80% of advisors reported making it a practice to ask their clients about philanthropy, yet only 45% of high-net-worth individuals are fully satisfied with philanthropic discussions with their advisors. Additionally, data compiled by R.A. Prince & Associates, Inc. indicates that:

• 95% of single-family office executives believe more formal charitable guidance would be in the families’ best interest.
And of ultra-wealthy investors:
• 70% self-identify as philanthropic.

• 74% have no clearly defined philanthropic goals.

• 85% have not engaged philanthropic advisors.

• 73% have not received formal philanthropic

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