Attorneys
Foundation Source helps leading attorneys serve the needs of their philanthropic clients.
We handle administration and philanthropic services, so you can focus on the legal advice.
We invite you to join with respected attorneys nationwide who rely on Foundation Source to reduce the administrative challenges and compliance risks for their clients who have private foundations.
Foundation Source has become the nation’s largest foundation management and advisory firm – working with more than 1,000 foundations of every size – for one main reason. As a trusted third-party administrator, we handle all the back-office details, including tax preparation, state filings, compliance monitoring, transaction processing, reporting and much more. We also provide an online command center, for managing day-to-day foundation activities, and philanthropic advisory services to help families achieve the impact they desire. And we do it with the utmost commitment to service, so clients can focus on their charitable activities, and attorneys can focus on giving the legal advice their clients count on.
Dependable Support That Doesn't Drain Resources
As an attorney representing high-net-worth individuals and their families, clients turn to you for a wide range of services related to their charitable needs. When working with Foundation Source, you and your clients immediately acquire a virtual staff of experienced foundation administrators and philanthropic advisors, without hiring costs, time or overhead.
Foundation Source consistently earns a 98% satisfaction rating from our clients, so you can have complete confidence that we will satisfy your most exacting clients. This allows you to focus on providing legal services, rather than editing routine grant letters or collecting IRS Determination Letters from grantees.
Video: Advisor "Roey" Diefendorf fosters "three-dimensional wealth" and Foundation Source empowers him to share philanthropic pursuits with his clients.
We Complement; We Never Compete
Foundation Source provides comprehensive services for foundation administration and compliance monitoring, enabling us to spot legal issues that might not otherwise come to the attorney’s attention. Since we never provide legal advice or practice law, we refer your clients back to you for guidance. In these cases, our team of foundation experts is available to consult with you on options as you wish. We stay completely up-to-date on the relevant laws, regulations and best practices regarding private foundations, so we are able to support you as needs arise.
Peace of Mind
With Foundation Source handling all of the back-office support and compliance oversight, your clients can engage in the kind of creative, innovative philanthropy they are looking for without concern for hidden or unexpected risks.
The Economics of a Private Foundation, Redefined
The old rule of thumb was that a client needed to have $3 million or more to justify the costs of a private foundation. But such economics became obsolete when Foundation Source started in 2000. We exist to bring the benefits of foundation philanthropy to a broader segment of affluent donors.
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Free Guide: Advanced Tax Strategies for Private FoundationsA high-level overview of seven strategies that can help private foundations minimize taxes and preserve the value of their endowments. |
TESTIMONIALS
"There are so many rules governing private foundations that are not necessarily obvious. Foundation Source is great at helping keep foundations out of trouble. They provide the right policies and checklists to help prevent mistakes, and their back-office and tax preparation services are less expensive than buying these services à la carte from a variety of professionals. Our clients are very happy with Foundation Source. They get good results, inexpensively."
Charles Fayerweather,
Hemmingway & Barnes
Boston, MA
"Foundation Source provides experience and expertise that make private foundations operate efficiently and effectively, not only from a standpoint of legal compliance, but also best practices for grantmaking. I’ve worked with various individuals at the company, and have found them to be very knowledgeable in this complicated area and extremely attentive to the needs of my clients. Having access to this resource provides me with incredible added value when discussing what are frequently novel issues for those family foundations that are functioning creatively. "
Doug Mancino,
McDermott, Wills & Emery
Los Angeles, CA
