Foundation Source adds seasoned industry leaders to Support next phase of growth. FAIRFIELD, Conn. - (NEWS WIRE) - Foundation Source, the leading provider of philanthropic software and solutions, today announced the addition of several seasoned industry veterans in key roles, marking a significant milestone in the company's next chapter of growth. The expanded team follows a period of strategic investment in Foundation Source's operating model, technology platform and service capabilities, positioning the firm to serve an increasingly diverse and sophisticated client base that spans financial institutions, advisory professionals, and the clients they serve. "We're evolving Foundation Source into a modern, enterprise PhilTech platform - one that simplifies complexity and supports philanthropy at scale," said Joseph Mrak III, CEO of Foundation Source. "These leadership additions reflect our commitment to expanding the breadth and depth of our capabilities while delivering exceptional outcomes for clients and partners." Strengthening Leadership to Support Enterprise Growth As part of this next phase, Foundation Source has named Phil Crist as Head of Enterprise Sales and Erin McFadden as Head of Strategic Partnerships, two senior leaders with deep experience serving institutional, advisory, and complex client relationships. Mr. Crist brings extensive experience working with institutions, family offices, and enterprise organizations from past positions at VRGL, Nasdaq, Solovis and Western Asset Management. In his new role, he will lead efforts to expand the firm's institutional footprint and deepen relationships with large, sophisticated clients seeking integrated philanthropic solutions. "Institutions today need more than point solutions - they need partners that combine expertise, technology, and operational excellence," said Mr. Crist. "Foundation Source has built a platform that can meet those needs at scale, and I'm excited to help drive growth during this pivotal stage." Ms. McFadden will leverage her experience from BetaNXT, Meeder Investment Management and FolioDynamix to focus on expanding distribution and advisor partnerships, connecting advisors and institutions with tech-enabled philanthropic solutions and a growing network of specialist providers. "As philanthropy becomes a core component of wealth and institutional strategy, advisors need access to sophisticated, scalable solutions," said Ms. McFadden. "Foundation Source is uniquely positioned to help advisors and institutions deliver meaningful impact while remaining competitive." Building a Scalable, Client-Centric Organization In addition to Mr. Crist and Ms. McFadden, Foundation Source has welcomed Dania Calderon as Head of Account Management and Eric Jacobson as Head of Client Services, further strengthening the firm's ability to serve clients across the philanthropic lifecycle. Ms. Calderon brings more than 20 years of experience in client relationship leadership, with a strong track record in retention, satisfaction, and revenue growth from tenure at Delta Data, LSEG and Scivantage. In her role, she will lead a newly established Account Management function designed to focus on the long-term health and strategic direction of client relationships across Foundation Source's expanding client base. "Our clients are increasingly looking for a strategic partner, one that understands their mission, scale, and operating complexity," said Ms. Calderon. "By pairing dedicated Account Managers with Private Client Advisors and specialist teams, we're able to deliver a more coordinated, forward-looking experience that aligns service, planning, and execution." Mr. Jacobson joined the firm from Apex Fintech Solutions where he was Director of Relationship Management and he will lead the client service organization with a focus on delivering a best-in-class experience and scaling service operations to support continued growth. "Exceptional service remains foundational to everything we do," said Mr. Jacobson. "My focus is on ensuring we can scale thoughtfully - maintaining quality, expertise, and responsiveness as demand for our solutions continues to grow." A Platform Built for the Full Philanthropic Ecosystem Together, these leadership additions reflect Foundation Source's evolution from its original operating model into a modern, enterprise PhilTech platform serving organizations across company-to-company, company-to-advisor, and company-to-end-client relationships. With expanded capabilities spanning technology, administration, compliance, advisory, and partnerships, Foundation Source is positioned to support the next generation of philanthropic strategy - at scale. About Foundation Source (foundationsource.com) Foundation Source is the leading provider of philanthropic software and services. A pioneer in philanthropic technology, Foundation Source enterprise is the partner of choice for integrated, enterprise-grade solutions spanning private foundations, donor-advised funds and planned giving programs. Its flexible suite of tools and resources include end-to-end administrative support for the most popular charitable vehicles, specialized compliance, tax, development and consulting capabilities, and deep domain expertise to help maximize impact, mitigate risk, and improve efficiency for all parts of the philanthropic ecosystem. Foundation Source enterprise work with donors, nonprofits, wealth advisors and financial institutions to launch, enhance or augment charitable initiatives with turnkey, white-label and outsourced offerings that meet a wide range of philanthropic objectives quickly, professionally, and compliantly. As of December 31, 2025, Foundation Source enterprise support more than 5,600 private foundations, 20,000 DAF accounts, and 1,700 nonprofits, administer more than $47 billion in charitable assets and facilitate more than 190,000 grants and planned gifts representing more than $4 billion in charitable aid annually. MEDIA CONTACT Carly Taylor [email protected] 973-618-6993

Celebrating leadership: Gillian Howell once again earns a place in the 2025 Irish America Business 100. Foundation Source is proud to announce Gillian Howell, its National Philanthropy Executive, has been named as an honoree of the 2025 Irish America Business 100 for the second year in a row! This annual celebration honors the best and brightest Irish-American and Irish-born leaders, representing some of the most innovative and influential companies and corporations in the world. Irish America will ring in the holiday season and celebrate the honorees at the Business 100 Gala Awards on December 15th at the Metropolitan Club of New York. This year's honorees include keynote speaker Maggie Timoney, the first female CEO of a major U.S. beer company and one of six women to be named Grand Marshall of the New York City St. Patrick's Day Parade. Check out the 2024 Business 100 honorees and see coverage of last year's event. Congratulations to all of the honorees, and thank you, Gillian, for all that you do at Foundation Source! Your expertise and leadership make a lasting impact every day. Questions For Its Team? Foundation Source is here to help! Schedule a call with Foundation Source or reach Foundation Source at 800-839-0054. Together, let's #begiving.

Foundation Source extends Endowment Sub-Accounting as part of its integrated philtech suite. Foundation Source, a provider of philanthropic solutions for donors, nonprofits, institutions, and the wealth advisors who serve them, announced the broader availability of its Endowment Sub-Accounting capabilities to serve a wider range of organizations. Already in use by clients through its planned giving division, PG Calc, this expansion reflects the company's commitment to providing donors, nonprofits, and institutions with a complete, technology-enabled suite of giving solutions that enhance transparency and streamline administration. This platform delivers efficient, accurate multilevel sub-accounting for organizations that pool multiple gifts for investment while maintaining detailed records for each fund or donor gift. By replacing manual spreadsheets with a purpose-built system, Foundation Source enables nonprofits and institutions to simplify fund tracking, improve audit readiness, and deliver detailed, custom reports to stakeholders. "Philanthropy is evolving fast, and technology is the key to making it work better for everyone," said Joseph Mrak III, CEO of Foundation Source. "Endowment sub-accounting is a great example of how we're simplifying complexity - giving clients a more efficient, transparent way to manage philanthropic capital while staying true to donor intent and mission." Foundation Source and PG Calc are expanding the reach of endowment sub-accounting at a time when nonprofits, community foundations, and complex giving programs are seeking greater financial transparency and stewardship tools. This capability integrates seamlessly into Foundation Source's broader PhilTech platform, which unites administration, compliance, and strategic advisory under one technology-enabled umbrella. "With more nonprofits managing multiple restricted and endowed funds, accurate sub-accounting isn't a luxury - it's a necessity," added Gary Pforzheimer, President of Planned Giving at Foundation Source. "It delivers both collective investment strength and precise, fund-level transparency, ensuring accurate reporting, donor stewardship, and regulatory compliance." Endowment sub-accounting supports a variety of philanthropic structures - including private foundations, donor-advised funds (DAFs), planned giving programs, and nonprofit endowments - by enabling: * Transparent Donor Reporting: Clear tracking of each fund's income, expenses, and balance over time. * Operational Efficiency: Unified investment pooling while maintaining detailed fund-level accounting. * Compliance and Audit Readiness: Consistent allocation of earnings, losses, and fees in accordance with donor intent and accounting standards. * Scalability: Designed to easily support organizations managing anywhere from a handful to thousands of funds. * Comprehensive Functionality: Automated unitization of gifts and withdrawals; allocation of interest, dividends, fees, and gains/losses across sub-accounts; and customizable summary and detailed reports delivered via email, mail, or secure portal. The addition of endowment sub-accounting reinforces Foundation Source's mission to simplify complexity, amplify impact, and make strategic philanthropy accessible to all - across donors, nonprofits, wealth advisors, and financial institutions managing philanthropic capital. The preceding press release was provided by a company unaffiliated with NonProfit PRO. The views expressed within may not directly reflect the thoughts or opinions of the staff of NonProfit PRO.