Foundation Source Philanthropic Services Inc.

Foundation Source Philanthropic Services Inc. is a US-based company that specializes in providing philanthropic solutions, focusing on private foundations and donor-advised funds through its advanced technology platform. Foundation Source Philanthropic Services Inc. , founded in 2001 and headquartered in Fairfield, US, offers outsourced philanthropic services primarily to private foundations and donor-advised funds.

The firm has engaged in 2 deals, with the most recent deal occurring on 13 September 2023. The company was acquired by GTCR, alongside other investors, from Incline Equity Partners, with financial terms undisclosed. The current leadership includes CEOs Dan Schley, Joseph Mrak, and Robert Chartener. Foundation Source offers a comprehensive suite of philanthropic solutions designed to streamline charitable giving, emphasizing private foundations, donor-advised funds, and planned giving programs.

Their main product, Impactfully, provides corporate clients with tools for charity research, donation processing, activity tracking, and detailed reporting tailored to their needs. The company serves a diverse clientele, including nonprofits, professional advisors, and financial institutions, with a reach across the United States and select international regions. Foundation Source generates revenue through subscription-based models, charging clients for access to their outsourced philanthropic services and technology solutions. Corporate foundations typically enter annual agreements for administrative support, including grant management and compliance oversight.

The revenue structure encompasses fees for specific services as well, such as establishing new corporate foundations or enhancing existing philanthropy programs, with their flagship offering, Impactfully, ensuring tailored support for clients' charitable goals. Following the acquisition on 13 September 2023, Foundation Source plans to expand its product offerings and capabilities while exploring strategic acquisitions. The recent funding will support these initiatives, enabling the company to enhance its service portfolio and reach new markets. Specific geographic regions targeted for expansion have yet to be disclosed, but the company aims to strengthen its position in the philanthropic sector.