Foundation Source is the largest provider of comprehensive support services for private foundations, bringing unparalleled knowledge and expertise to clients across the country. Our services allow you to outsource administration, compliance, and other operational details, so you can operate at a higher level, one that’s focused on the mission, strategy, and tactics of your grantmaking.
Working with private foundations is the only thing we do. You get an entire team of private foundation experts that deliver business-like efficiency that’s entirely focused on supporting and advising your foundation. The only services we don’t provide are asset management, legal counsel, and personal tax planning – but we coordinate closely with your designated advisors.
Whether your foundation been around for a few years or a few generations, we provide guidance at transition points, and help your foundation reach its goals.Get Started Now!
Tiered service plans accommodate foundations of every size and configuration. Whether your foundation is run by immediate family or professionally staffed, whether you make a handful of grants each year or fund dozens of charitable programs around the globe, we have a service plan suited for your needs.
We take care of the tedious, but necessary details to keep your foundation running efficiently, effectively, and in compliance with IRS regulations, such as verifying a charity’s 501(c)(3) status, issuing grant checks and grant letters, paying foundation expenses, and more. In addition, you get ready access to subject matter experts versed in all aspects of foundation operations and best practices. The result: a better-run foundation and more effective philanthropy.
We take particular pride in providing personalized, attentive service to every client. Our 98% satisfaction rating shows that our commitment translates into a superior experience for our clients.
Your personalized service starts with our Private Client Advisors, foundation specialists who oversee day-to-day activities and serve as your point of contact when it comes to engaging our specialists in philanthropy, tax, legal, and accounting services.
The IRS allows private foundations wide latitude in their charitable activities, as long as you follow the rules. Foundation Source can help you take advantage of every option available. These include grants paid directly to individuals for disaster relief and hardship assistance, scholarships, international grants, loans that are repaid to the foundation, and even grants to for-profit companies, when they’re for a charitable purpose.
Our staff includes attorneys, CPAs, accountants, foundation administrators, philanthropic directors, and client advisors, offering foundation expertise you simply won’t find under one roof anywhere else. Plus, the practical knowledge they’ve gained from working with over 1,100 private foundations means there’s very little they haven’t seen or dealt with before. These foundation experts give you capabilities previously available to only the largest, professionally staffed foundations.
Running a foundation without running afoul of the IRS requires a thorough knowledge of sophisticated rules and regulations, which are usually complicated and often gray. We monitor your foundation’s activities for potential compliance issues that could lead to embarrassing public scrutiny, IRS penalties, or even loss of exempt status.
Through careful planning of funding and giving activities, we can help you reduce your foundation’s excise tax rate from 2% to 1% in select years without significantly affecting the organizations you support.
As a Foundation Source client, you get online technology specifically developed to meet the needs of a private foundation. Engage in foundation activities anytime, anywhere, using the secure, password-protected website we provide for your foundation. It simplifies control, communication, and collaboration among board members, advisors, and staff, especially when located in different locales or while traveling.
This online dashboard is customized to match your foundation’s governance style and grantmaking preferences, and provides instant access and total transparency into foundation activities. Viewing rights and permissions are customized for each individual, allowing you to control what he/she can see and do while online.
Foundations that accept outside grant requests will appreciate our online grants management system. It’s user friendly for both you and your applicants, and is completely integrated with other foundation operations. We can customize it to match your existing process or recommend adjustments based on best practices.