Services for Wealth Advisors
We help you serve the needs of your philanthropic
clients and prospects.
  1. Overview
  2. Common
    Misperceptions
  3. Best
    Prospects
  4. Why Work
    With Us
  5. More
    Information
  • It’s no secret why wealth managers across the country are embracing philanthropic services as a key offering for high-net-worth and ultra-high-net-worth clients and prospects.

    Ninety-eight percent of these individuals have an ongoing commitment to philanthropy (Bank of America study), and they look to you for guidance.

    That's where Foundation Source can help. We provide wealth advisors across the country with a time-tested, third-party solution for setting up and managing private foundations. Your clients provide the funds, the vision, and the philanthropic goals; you manage the assets; we take care of the rest.

    Your clients get the full control, flexibility, and cachet of a private foundation, with the ease and simplicity of a donor-advised fund.

  • Historically, private foundations were expensive and complicated to set up and run. Foundation Source changed that forever.

    Foundation Source provides a fully outsourced service that modernizes private foundations. Nevertheless, the following common misperceptions still persist.

    • Misperception: It takes at least $5 million to start a private foundation.

    The Reality: Of the 86,000 foundations in existence today, 88% have assets below $5 million and 66% are under $1 million. Foundation Source makes it practical to start a foundation with as little as $250,000.

    • Misperception: Foundations are time-consuming and costly to create.

    The Reality: Foundation Source can have a new private foundation up and running in less than a week for a very reasonable fee.

    • Misperception: A donor-advised fund is easier to manage.

    The Reality: Today, a foundation can be as easy to manage as a donor-advised fund. Foundation Source takes care of all the administrative tasks and provides easy-to-use online tools that keep donors in control.

  • Foundation Source can set up a new private foundation for your client in less than a week.

    Here are some characteristics to look for when evaluating your client and prospect base:

    • At least $1 million in investable assets or $5 million in net worth
    • A history of giving or an articulated desire to fund philanthropic programs
    • Currently has a charitable remainder trust or charitable lead trust
    • Needs a tax-management strategy in anticipation of the sale of a business, an inheritance, or a legal/domestic settlement
    • A large holding of highly appreciated stock that would incur capital gains taxes if sold
    • An under-diversified asset position
    • Anticipation of an intergenerational transfer of wealth or a family business
    • A desire to avoid taxes on the sale of assets or upon death
    • A desire to build a family legacy, make a difference in the community, pass on values, and teach financial skills to children and grandchildren
    • A lack of inheritors to receive the wealth
  • We serve more than 1,100 family, corporate, and professionally staffed foundations, of all sizes, nationwide. Here’s how we can assist you:

    • We back you up every step with sophisticated private foundation expertise, so you can confidently engage clients and prospects on philanthropy and private foundations. Our experienced Managing Directors, located across the country, are ready to answer your questions and to join you in client conversations, as appropriate.
    • You, as the wealth advisor, maintain the primary relationship with your clients. You manage the foundation assets while Foundation Source provides all other services needed to operate an efficient, successful philanthropic enterprise.
    • We take care of all the details—from creating a new foundation to handling the most complex needs of large, already established foundations.
    • We provide fully outsourced foundation administration, compliance monitoring, and advisory services, supported by web-based tools that donors use to direct foundation activities.
    • Your clients will receive excellent, responsive customer service, as evidenced by the 98% satisfaction rating we receive from our clients year after year.
  • To learn more about how Foundation Source can help you serve your philanthropic clients and prospects, here are some next possible steps.

    Download
    Document
    Download our Getting Started Guide for Private Wealth Managers.

    Manage Your
    Foundation
    View the 'Manage Your Foundation' zone to get details about the integrated support services we provide for all foundations.
    Foundation Source is the nation’s largest provider of comprehensive support services for private foundations, bringing unparalleled knowledge and expertise to clients across the country. Our clients supply the funds, the vision, and the philanthropic goals; you manage the assets; we take care of everything else.

    Contact us to ask any questions you may have or to discuss the needs of a specific client or prospect.

Related Resources
  • Getting Started - A Guide for Private Wealth Managers
    A Guide to Help Wealth Managers Serve Their Philanthropic Clients


  • Private Foundations vs. Donor-Advised Funds
    12 Reasons Why Today's Private Foundation May Be a Better Choice for Your Clients


  • Your Clients' Philanthropy: Is It Your Business? (It Should Be)
    Reasons why financial advisors should discuss charitable giving with their clients as part of a ...


  • How to Talk to Your Clients About Their Philanthropy
    Beyond providing better service for your high-net-worth clients, discussions about philanthropy ...


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