FAIRFIELD, CT –February 17, 2017– Foundation Source, the nation’s largest provider of comprehensive management and advisory services for private foundations, today announced that the company has been awarded Private Asset Management’s 2017 Award for the Best Reporting Solution – Overall.
Private Asset Management (PAM) is a magazine for the wealth management and family office industry. PAM awards are given out annually to recognize high performing firms and wealth advisors operating within the private asset management industry. This is the fourth time Foundation Source has been honored with a PAM Award.
The award was based on Foundation Source Online , the company’s web-based technology platform that was created for the unique needs of private foundations. Foundation Source Online makes it simple for clients to transact foundation business, monitor foundation activity, and engage remote family members, advisors, and staff. Each foundation is provided with its own secure console, so authorized users can initiate grants with real-time compliance oversight, and view foundation assets, grant history, paid fees and expenses, and progress toward fulfilling the foundation’s annual distribution requirement. The Foundation Source Online platform also maintains detailed records of all foundation activity eliminating the need for time-consuming recordkeeping and reporting.
“We are honored to receive this Private Asset Management award, especially among a group of such distinguished nominees,” says Foundation Source CEO Susan Friedlander Calzone. “We are particularly thrilled to win based on the capabilities of Foundation Source Online, as our technology is a key component of our service offering. We continuously look to meet our clients’ needs by incorporating feedback from our 6,500 users to ensure that we provide them with the best possible foundation management capabilities.”
Foundation Source has won the following PAM Awards since 2007
- 2007 – Best Philanthropic Group of the Year
- 2013 – Best Philanthropic/Educational Initiative
- 2015 – Best Philanthropic/Educational Initiative
- 2017 – Best Reporting Solution—Overall
About Foundation Source (www.foundationsource.com)
Foundation Source is the nation’s largest provider of comprehensive support services for private foundations. The company’s administrative services, online foundation management tools, compliance, and philanthropic advisory services provide a complete outsourced solution, including the creation of new foundations. Our clients supply the vision; we provide everything else. Now in our second decade, Foundation Source provides its services to more than 1,300 family, corporate, and professionally staffed foundations, of all sizes, nationwide. We work in partnership with wealth management firms, law firms, accounting firms, and family offices as well as directly with individuals and families. Foundation Source is headquartered in Fairfield, Connecticut.