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 their advisors for guidance. Moreover, 67% of affluent investors are specifically interested in learning about private foundations (Financial Advisor magazine).
That’s where Foundation Source can help. We provide wealth advisors with a third-party solution to set up and administer private foundations for your clients. Your clients provide the funds, the vision, and the philanthropic goals; you manage the assets; we take care of everything else. Your clients get the full power, control, and legacy of a private foundation, with the ease and simplicity of a donor-advised fund.
Expanding your practice to include services for private foundations is a journey in better serving the needs of high-net-worth families. We back you up every step of the way.Get Started Now!
You already know that a private foundation can maximize your client’s estate through an immediate income tax deduction and the reduction of taxable assets. But did you know that your client need not be ultra wealthy to have a foundation?
Our efficient systems and economies of scale dramatically reduce the expense and effort of setting up and running a foundation. While our largest clients have hundreds of millions of dollars in their endowments, we happily assist start-up foundations that dip their toes in the water with as little as $250,000 in funding, as well as foundations of every size in-between.
Your client’s new foundation can be set up and ready for funding in less than a week. What’s more, the cost of operating a modern foundation is now on par with—and in many cases is less expensive than—the cost of maintaining a similar sized donor-advised fund.
Foundation Source is the nation’s largest provider of comprehensive services for private foundations. It’s the only thing we do. We serve more than 1,100 family, corporate, and professionally staffed foundations of all sizes nationwide. Here’s how we can assist you: