Foundation Source

What Foundation Source does

Foundation Source is a privately held U.S. provider of philanthropic software and services, founded in 2000 and headquartered in Fairfield, Connecticut, with additional offices in New Hyde Park, New York; San Francisco, California; and Cambridge, Massachusetts. The company builds and operates an integrated technology and services platform focused on the creation, administration, and ongoing compliance of private foundations, donor-advised funds (DAFs), and planned giving programs. Core technology products include the Foundation Platform (foundation management software for grant processing, compliance, and financial reporting), the DAF Platform (white-labeled donor-advised fund programs), DAF OS (configurable fund administration for DAF sponsors), and the Enterprise Console (unified administration, reporting, and SSO for financial institutions). Supporting modules encompass Applications (web-based grants management), Outcomes (impact tracking and grantee reporting), GrantSafe (tax-exempt status verification against the IRS Business Master File), GrantCertificates (limited granting rights for family engagement), and the Impactfully client portal. Professional service lines cover private foundation creation and management, DAF administration through the Charityvest subsidiary, planned giving consulting, endowment sub-accounting, philanthropic advisory, fiscal sponsorship, and website services for nonprofits.

Foundation Source makes money primarily through recurring annual subscription and service fees scaled to foundation size, assets under administration, and service complexity, with quote-based enterprise pricing for financial institution deployments. Revenue streams include foundation administration fees, DAF program technology licensing (through the Charityvest channel), planned giving services, and enterprise technology licensing. The company serves four primary buyer segments: private foundations (high-net-worth families and corporate foundations), nonprofits seeking modern giving infrastructure, financial institutions integrating philanthropic solutions, and wealth advisors and family offices using Foundation Source as a turnkey back office. The go-to-market combines direct enterprise sales, strategic alliances with wealth advisors, attorneys, accountants, and family offices as referral partners, channel partnerships through Charityvest for DAF programs, and white-label OEM integrations for financial institutions.

The platform supports 5,600+ private foundations, 1,700+ nonprofits, 150+ financial institutions, and 15,000+ advisors, administering $55 billion in charitable assets and facilitating $4 billion in grants annually with a 98% client retention rate. The company has expanded through acquisitions of PG Calc (planned giving software, February 2024), Vennfi powering Charityvest (DAF sponsor, October 2024), Giving Place (family office giving software from Give/TIFIN, April 2025), and Pacific Foundation Services (June 2025). Leadership is headed by CEO Joseph Mrak III with Sabrina Bailey appointed as President in March 2026, alongside a C-suite including COO Estee Shor, CTO Pascal Vincent, CRO Louis D'Addario, CMO Hannah Shaw Grove, CFO Erin Harrigan, CISO Warren Bailey, and CLO Jeffrey D. Haskell.

Name

Foundation Source

Legal name

Foundation Source Philanthropic Services Inc.

Website

https://foundationsource.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

251–500 employees

Short description

Foundation Source is a privately held U.S. provider of philanthropic software and services that administers private foundations, donor-advised funds, and planned giving programs for donors, nonprofits, financial institutions, and wealth advisors, using its Foundation Platform, DAF Platform, DAF OS, and Enterprise Console.

Ownership category

akta.pro rank

Product category

Philanthropy Technology

NAICS

Grantmaking Foundations (813211), Other Grantmaking and Giving Services (813219)

SIC

Finance Services (6199)

akta.pro primary industry

Private Foundations (BPAGAKAA)

akta.pro secondary industries

Donor-Advised Fund (DAF) Sponsors (BPAGAKAF), Philanthropy & Foundations Advisory (Donor-Advised Funds, Endowments) (FSAAABAH)

Keywords

• Foundation management software
• Donor-advised fund platform
• Planned giving services
• Philanthropic administration software
• Endowment sub-accounting

Headquarters

HQ city

Fairfield

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Foundation Administration Services: Annual fees for comprehensive private foundation management including tax preparation, compliance monitoring, grant processing, and administrative services. Services scale with foundation size and complexity.
2. DAF Program Technology: Technology licensing and administration fees for white-label donor-advised fund programs offered through Charityvest partnership. Revenue from wealth managers and nonprofits using the platform.
3. Planned Giving Services: Gift administration, compliance, consulting and marketing services for planned giving programs including charitable remainder trusts and charitable lead trusts.
4. Technology Platform Licensing: Enterprise software licensing for financial institutions requiring integrated philanthropic solutions including Endowment Sub-Accounting and Enterprise Console capabilities.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels10 records

Core offering

Foundation Source provides an integrated philanthropic technology platform and expert administration services for private foundations, donor-advised funds (DAFs), planned giving programs, and endowment sub-accounting. Its core products are the Foundation Platform, DAF Platform, DAF OS, and Enterprise Console, supported by administration, compliance, tax filing, grantmaking, and philanthropic advisory services. Customers subscribe to these offerings on a recurring annual basis, with white-label deployments for financial institutions and wealth managers.

Product overview

Foundation Source provides an integrated philanthropic technology platform combining purpose-built software products with professional services. The core technology suite includes Foundation Platform (industry-leading foundation management software), DAF Platform (white-labeled donor-advised fund programs for wealth managers and nonprofits), DAF OS (configurable fund administration for DAF sponsors), and Enterprise Console (unified administration and SSO for financial institutions). Supporting modules include Applications for grants management, Outcomes for grant impact assessment, GrantSafe for charity tax verification, and GrantCertificates for expanded family granting. The platform is accessed through Impactfully, a secure web-based portal. Professional services span private foundation creation/management, DAF solutions (offered in partnership with Charityvest), planned giving, endowment sub-accounting, philanthropic advisory, fiscal sponsorship, and website services. The company has grown through strategic acquisitions of Vennfi (Charityvest, October 2024) and Giving Place (April 2025), expanding its capabilities for wealth managers, family offices, and workplace giving programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Foundation Platform Industry-leading software platform for managing all private foundation activities, including grant processing, compliance monitoring, financial reporting, and tax preparation, sold to high-net-worth individuals, families, and corporations operating private foundations.
• DAF Platform White-labeled donor-advised fund program platform enabling wealth managers and nonprofits to offer branded DAF solutions to their clients, with configurable investment options and automated back-office operations.
• DAF OS Configurable philanthropic fund administration backend for DAF sponsoring organizations, providing backend tools for money-movement operations and accounting with a modern user interface and flexible program rules.
• Enterprise Console Unified administration, reporting, and single sign-on platform for financial institutions managing multiple foundation or DAF accounts under a single console with custom branding capabilities.
• Private Foundations Services Full-service private foundation creation and management offering including incorporation, tax filing, compliance monitoring, grant processing, and ongoing administration for high-net-worth individuals, families, and corporate foundations.
• Donor-Advised Funds Services Modern, scalable donor-advised fund solutions for individual donors, wealth managers, and nonprofits, offered in partnership with Charityvest, providing branded DAF programs with no account minimums.
• Planned Giving Solutions for gift administration, compliance, consulting, and marketing for planned giving programs, including charitable remainder trusts and charitable lead trusts, with technology integration through the PG Calc platform acquired in February 2024.
• Endowment Sub-Accounting Efficient, accurate, multilevel sub-accounting services for nonprofits, community foundations, and complex giving programs, providing automated and scalable fund tracking with transparency and compliance.
• Philanthropic Advisory In-house team of specialists with deep domain and regulatory experience providing philanthropic guidance and consulting to foundations, donors, advisors, and nonprofits on charitable strategy, vehicle selection, and compliance.
• Fiscal Sponsorship Grant program enabling fundraising and grantmaking under fiscal sponsorship arrangements for charitable projects and emerging organizations that have not yet obtained their own tax-exempt status.
• Website Services Cost-effective, customized websites created by philanthropic experts for charitable organizations, designed to communicate mission, accept donations, and engage donors.
• Charityvest Donor-advised fund sponsor platform acquired in October 2024 with the Vennfi acquisition, powering Charityvest's DAF program including donor-advised fund accounts and workplace giving programs for individual donors, wealth managers, and workplaces.
• Giving Place Software platform acquired from Give (TIFIN Company) in April 2025 for family office giving programs and private foundations, providing tools to manage grants, track giving activity, and coordinate family philanthropy.

Quantifiable outcome

• Facilitated over $4 billion in charitable grants in 2025 - highest annual total in company history
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature7 records

Partnerships

Six partnerships are on record, tiered minor, flagship and core.

• The Safety NavigatorminorStrategic or Co-development Partner · 26 March 2026FS Charitable Fund partnered with The Safety Navigator to support children's camps in implementing stronger safety measures following floods in Central Texas in 2025. The initiative helps camp leaders and staff operationalize new safety standards during a period of staffing and operational challenges.
• Temple UniversityflagshipStrategic or Co-development Partner · 25 November 2025Partnered with Temple University to launch a custom donor-advised fund (DAF) program. The initiative allows Temple supporters to make tax-efficient charitable contributions and establish legacy planning, supported by Foundation Source's digital platform and Charityvest's program administration.
• Give (TIFIN Company)coreStrategic or Co-development Partner · 30 April 2025Acquired Giving Place platform from Give, a TIFIN Company. Giving Place is a software platform for family office giving programs and private foundations. This acquisition strengthens Foundation Source's position as a leading provider of philanthropic technology solutions for private foundations, donor-advised funds, and planned giving programs.
• Charityvest (powered by Vennfi technology)coreStrategic or Co-development Partner · 17 October 2024Acquired Vennfi, Inc., the financial technology company powering Charityvest. The acquisition ensures continuity for Charityvest donors and expands infrastructure and capabilities for philanthropic services. Charityvest operates as a donor-advised fund sponsor with Foundation Source providing technology platform.
• Charityvest, Inc.coreChannel Partner/ Reseller/ DistributorCharityvest, Inc. is a public charity and leading donor-advised fund sponsoring organization. Foundation Source provides scalable technology to power Charityvest's DAF programs. The partnership enables turnkey DAF solutions for individual donors, wealth managers, workplaces, and nonprofits.
• PG CalcminorChannel Partner/ Reseller/ DistributorPG Calc is referenced as a business partner providing gift administration and illustration software for planned giving programs. Partnership provides planned giving technology integration for nonprofit clients.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Fidelity Charitable: The largest donor-advised fund sponsor in the U.S., Fidelity Charitable administers tens of billions in DAF assets. It is a direct competitor in the DAF Platform space and serves overlapping high-net-worth donor and wealth advisor segments.
• Schwab Charitable: Major U.S. donor-advised fund sponsor affiliated with Charles Schwab. It competes directly with Foundation Source's DAF Platform and Charityvest for donor and advisor relationships in the wealth management channel.
• National Philanthropic Trust: One of the largest independent DAF sponsors in the U.S. NPT overlaps directly with Charityvest's DAF sponsorship business and with Foundation Source's philanthropic advisory and DAF administration services.

Emerging players

• Chariot: A modern, tech-forward donor-advised fund sponsor targeting younger and digital-native donors. Chariot competes with Charityvest in the next-generation DAF experience and shares Foundation Source's emphasis on a modern giving interface.
• Ren: A turnkey DAF platform enabling financial advisors and companies to launch branded DAF programs. Ren is the closest emerging competitor to Foundation Source's white-label DAF Platform and DAF OS offerings for wealth managers.
• FreeWill: Planned giving and estate planning technology platform used by thousands of nonprofits. FreeWill overlaps with Foundation Source's planned giving services and competes for the same nonprofit and donor-advisor workflows.
• Foundant Technologies: Grantmaking and scholarship management software provider (now part of Bloomerang) used by community foundations and grantmakers. It competes with Foundation Source's Foundation Platform in the grants management module market.
• Givinga: A philanthropic technology platform offering digital DAF and workplace giving solutions for financial institutions and employers. Givinga is an emerging competitor in the white-label DAF and employer giving space where Foundation Source operates.

Broad incumbents

• BNY Mellon Charitable Gift Fund: The DAF sponsor offered by BNY Mellon Wealth Management. It competes with Foundation Source at the intersection of high-net-worth wealth management and charitable giving, leveraging a much larger institutional parent.

Regional players

• Greater Kansas City Community Foundation: A large community foundation offering DAF sponsorship and foundation administration services with a regional focus. It represents the community foundation model that competes with Foundation Source's outsourced foundation administration for certain client segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/foundationsourcehome
• Facebookfacebook.com/foundation.source
• LinkedInlinkedin.com/company/foundation-source
• Instagraminstagram.com/foundationsource
• Xx.com/foundationsrc

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Foundation Source