Foundation Source, a fintech provider for donors, nonprofits, institutions and wealth advisors, has acquired Giving Place, a software platform for family office giving programs and private foundations.
The acquisition from Give, a TIFIN Company, builds on Foundation Sources’ 25-year mission of supporting private and family foundations and multigenerational philanthropy, the company said in a news release.
“Foundation Source continues to invest in the capabilities and technologies that empower donors and advisors to achieve maximum impact,” Joseph Mrak III, CEO of Foundation Source, said in the release. “We know that private, family-led foundations often navigate complex wealth planning challenges, and their advisors need high-quality technology that delivers a complete, intuitive view of client giving. We are excited to welcome Giving Place to the Foundation Source family and introduce our new clients to a robust suite of resources and tools that offers end-to-end support for the philanthropic journey.”
Foundation Source’s previously acquired Vennfi, a fintech supporting donor-advised fund sponsor Charityvest, and PG Calc, a provider of planned giving software and services. The acquisition of Giving Place further expands and enhances Foundation Source’s capabilities, with operational efficiency and an integrated experience, the company said.
“This is an important milestone in Foundation Source’s strategic vision to bring enterprise-grade technology to the philanthropic sector,” said Kirk Smith, Principal at GTCR. “Foundation Source has a powerful combination of domain expertise, sophisticated products, proven infrastructure and world-class service that can scale to meet the needs of the largest private foundations, family offices, and wealth managers. We expect to build on the early success of Giving Place as we continue to expand our capabilities and deliver an unmatched experience to the industry.”
