Foundation Source Wins 2018 WealthManagement.com Award for Thought Leadership

Date:

Categories: Press Releases

FAIRFIELD, CT – Sept. 17, 2018– Foundation Source, the nation’s largest provider of comprehensive management and advisory services for private foundations, today announced that the firm is the recipient of a 2018 WealthManagement.com Industry Award for its annual reports on the investment performance and grantmaking behavior of private foundations.

The WealthManagement.com 2018 Industry Awards recognize the companies and organizations that serve the financial services industry. Six hundred entries were received from nearly 250 organizations. More than 150 organizations were selected as finalists in one or more of 67 categories.

The award bestowed upon Foundation Source was in the category of “Technology Providers: Thought Leadership.” The award recognized the value to the financial service sector of two Foundation Source reports, the 2017 Private Foundation Investment Performance Report and the 2017 Foundation Source Report on Grantmaking, which enable private foundations and their financial advisors to benchmark investment performance, asset allocation, and grantmaking activity against their foundation peers.

Unlike studies that rely on opinion surveys or anecdotal evidence, the data in these reports were sourced from the actual transactions (e.g., grants, investment returns, asset balances, and charitable and administrative expenses) of the company’s client foundations as they were conducted over Foundation Source’s proprietary technology platform, Foundation Source Online™.

These reports are issued annually by Foundation Source in order to elucidate the behavior of foundations that, like the vast majority (98%) of all private foundations, hold assets of less than $50 million – a population that traditionally has received little research or media coverage. And because the foundations in these reports are of similar size to those in the broader foundation sector, the findings provide insight into a far larger population.

“Although Foundation Source is renowned for service excellence, this award specifically showcases us for the quality and authority of our intellectual capital,” Foundation Source CEO Susan Friedlander Calzone said. “We are honored to be recognized for our achievement, particularly among such high-caliber nominees.”

Visit https://www.foundationsource.com/resources/library/ for a wealth of information on private foundations organized by categories and search topics.

About Foundation Source (www.foundationsource.com)

Foundation Source is the nation’s largest provider of comprehensive support services for private foundations. Our complete outsourced solution includes foundation creation (as needed), administrative support, active compliance monitoring, philanthropic advisory, tax and legal expertise, and online foundation management tools.

Now in our second decade, Foundation Source provides its services to more than 1,400 family, corporate, and professionally staffed foundations, of all sizes, nationwide. We work in partnership with wealth management firms, law firms, accounting firms, and family offices as well as directly with individuals and families. Foundation Source is headquartered in Fairfield, Connecticut.