Foundation Source / Get Started / Existing Foundations
Whether your foundation is a few years old or a few generations, we provide guidance at key transition points to help you successfully manage change, be it generational transitions, geographic dispersion of the family, staff changes, or growth in assets. Services include:
We take care of the necessary details to keep your foundation running smoothly and compliantly. Our staff includes attorneys, CPAs, and foundation administrators. You won’t find this depth of foundation expertise anywhere else.
You get an online console to manage day-to-day activities, such as grantmaking, reporting, charity research, viewing investment balances, and checking your pay-out requirement.
Your day-to-day needs will be supported by a Private Client Advisor who gets to know you and your foundation inside and out. Our Philanthropic Directors assist with issues such as mission, strategic planning, board development, and program design.
Our foundation professionals employ best practices, while our systems provide a foundation "memory bank" to ensure smooth operations throughout the years.
We monitor foundation activities for potential compliance issues that could lead to embarrassing public scrutiny, IRS penalties, or even loss of exempt status.
Foundation Source tailors its services to meet the needs and preferences of your foundation. We adapt to you, not vice-versa. Our holistic approach gives us a complete understanding of your foundation to support every facet of operations.
Private foundations enjoy wide latitude in their grantmaking, as long as you follow the rules. We understand the nuances, so you can easily and confidently take advantage of every IRS-sanctioned option.
For years, administrators of the Murphy Family Foundation dealt with a time-consuming round robin of paperwork. They would receive written proposals, review them, and pass them on to the trustees for review. It became increasingly difficult to keep all information readily available.
Through the family’s efforts, and guidance from Foundation Source, The Edwards Mother Earth Foundation has become an engine for environmental change, as well as a training ground for future generations of family leaders.
The president of an established foundation, that had just became a Foundation Source client, and the CPA who would be preparing the transition year tax return complained about the hefty excise taxes owed that year, nearly $150,000 based on the standard 2% rate.
Guided Tour View a Guided Tour of the secure, web-based dashboard we provide that simplifies and improves the management of your foundation.
Overview of Services Review our Overview of Services page to get details about the integrated support services we provide for private 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; we take care of everything else.
Contact Us to ask any questions you may have or to get the process started for transitioning your foundation to the Foundation Source service.