Services for Wealth Advisors

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clients and prospects.

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Foundation Source for Wealth Advisors

We provide wealth advisors with a reliable, economical, third-party solution for setting up and managing private foundations. Your clients provide the funds, the vision, and the philanthropic goals, while you manage the assets. Foundation Source handles the rest.

Your clients will enjoy the full benefits and cachet of a private foundation, with the ease and simplicity of a donor-advised fund.

Your Next Steps

Learn more about how Foundation Source can help you serve your philanthropic clients and prospects by downloading our Getting Started Guide:

Getting Started with Foundation Source for Private Wealth Managers

Or view a demo of the web-based tools we provide to help donors manage the day-to-day activities of their foundation.

Or give us a call at 800-839-0054 to ask a question or to discuss the needs of a specific client.

Get the Foundation Facts

Historically, private foundations were expensive and complicated to set up and manage. Thankfully, that’s no longer the case. Foundation Source has changed private foundation creation and management for the better.

Here, we share common misperceptions about private foundations that still persist today.

Misperception: Your client needs at least $5 million to start a private foundation.

The Reality: Of the 91,000 foundations in existence today, 66% have assets under $1 million, according to IRS data. Working with Foundation Source, it’s practical for your client to start a foundation with just $250,000.

Misperception: Creating a foundation will be time-consuming and costly.

The Reality: We can have your client’s new private foundation up and running in less than a week, for less than you’d expect.

Misperception: A donor-advised fund would be easier for my client to manage.

The Reality: With Foundation Source support services, managing a private foundation can be just as easy as managing a donor-advised fund. That’s because we take care of all administrative tasks and provide your clients with easy-to-use online tools that keep them in control.

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Misperception: If a client chooses the wrong vehicle, he/she can unravel the decision later.

The Reality: With a private foundation, the donor is able to grant all the funds to a donor-advised fund and close the foundation. However, it is all but impossible to convert a donor-advised fund to a private foundation. Contributions to a DAF are irrevocable, owned and held by the sponsoring organization.

Misperception: Private foundations pay exorbitant excise taxes.

The Reality: A foundation earning 5% income on $1 million in assets ($50,000) would pay just $1,000 (2%) in excise taxes on that income. In fact, with careful planning, foundations can reduce that rate to 1% in select years without affecting the organizations they support.

Best Prospects for a Foundation

Look for these qualities 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

How Foundation Source Can Help You Help Your Clients

We proudly serve more than 1,200 family, corporate, and professionally staffed foundations of all sizes, nationwide.

Here’s how Foundation Source can assist you:

Private Foundation Expertise

We’re with you every step of the way, providing sophisticated private foundation expertise so you can confidently engage clients and prospects on philanthropy and private foundations. Our experienced Managing Directors across the country are ready to answer your questions and to join you in client conversations, as appropriate.

We Support Your Client Relationships

As the wealth advisor, you maintain the primary relationship with your clients. You manage the foundation assets while we take care of all other services needed to operate an efficient, successful philanthropic enterprise.

We Take Care of the Details

Your clients are in good hands. We take care of everything—from creating a new foundation to handling the most complex needs of large, established foundations.

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Fully Outsourced Services

Your clients benefit from fully outsourced foundation administration, compliance monitoring, and advisory services, all supported by web-based tools that help them direct foundation activities.

Excellent Customer Service

Your clients will receive excellent, responsive customer service, as evidenced by the 98% satisfaction rating we receive from our clients year after year.

John Sargent, Senior Vice President

Morgan Stanley Private Wealth Management

Foundation Source has been a fantastic partner in helping my clients achieve their financial and philanthropic goals.

John Sargent, Senior Vice President

Morgan Stanley Private Wealth Management


Foundation Source has been a fantastic partner in helping my clients achieve their financial and philanthropic goals. The best example of my Morgan Stanley success is the partnership with Foundation Source and one of my most significant client relationships. I was able to leverage the incredible resources of Foundation Source and deliver to my client an end-to-end philanthropic solution. I recommend the professionals at Foundation Source and their firm with high conviction.

Julia M. Beisel, V.P. Private Wealth

Atlantic Trust Private Wealth Management

Foundation Source allows us to focus on key client issues as a financial advisor.

Julia M. Beisel, V.P. Private Wealth

Atlantic Trust Private Wealth Management


Foundation Source allows us to focus on key client issues as a financial advisor. They have far exceeded our expectations. They are responsive and take all the problems and difficulties out of administering a foundation.

Let's Start a Conversation

Call 800-839-0054 // Send Us an Email