Foundation Source Welcomes Erin Harrigan as New CFO
Foundation Source Welcomes Erin Harrigan as New CFO
Proven financial leadership will guide and support the firm's next chapter of growth
Foundation Source, the leading provider of philanthropic solutions for donors, nonprofits, and wealth advisors, has appointed Erin Harrigan as Chief Financial Officer (CFO). This appointment was confirmed by the board of directors, signaling trust in her solid strategic leadership and consistent contributions to the organization.
Erin Harrigan's Role in Transforming Foundation Source
Ms. Harrigan’s promotion to CFO reflects her key role in the company's growth journey from a specialized private foundation service provider to a comprehensive multi-solution entity serving enterprise clients. Since joining Foundation Source in 2015, she has been pivotal in enhancing financial oversight and supporting expansion efforts.
Throughout her tenure, Ms. Harrigan has adeptly navigated the complexities of the organization's operational landscape. As Foundation Source broadened its service offerings, her leadership played a crucial role in ensuring the financial operations scaled effectively, which is essential for maintaining agility and resilience in today’s fast-paced environment.
Recent Acquisitions and Strategic Growth
In the last 18 months, Foundation Source has successfully acquired four companies specializing in philanthropic services. These acquisitions mark a significant stride towards enhancing their service range and capacity: PG Calc, Vennfi, Giving Place, and Pacific Foundation Services. Each acquisition strategically aligns with Foundation Source's goal to become a leader in philanthropic solutions.
Responsibilities as CFO
As CFO, Ms. Harrigan will manage financial planning, risk management, and performance reporting across all entities under Foundation Source. Moreover, she will play an integral role in merging and acquisition strategies, ensuring that the company is well-positioned to execute its long-term vision.
Her responsibilities extend well beyond traditional finance roles. She will oversee human resources and corporate administration, fostering integrated operations that aim for sustainable growth.
Professional Background and Achievements
With over two decades of experience in financial management, Ms. Harrigan has held significant roles, including her latest position as Senior Vice President of Corporate Finance at Foundation Source. She previously contributed her expertise at notable organizations such as Fortress Investment Group and United Technologies Corporation. Alongside her career achievements, she actively serves on the Board of Trustees for the local public library.
In reflecting on her decade-long journey with Foundation Source, Ms. Harrigan expressed gratitude: "It has been incredibly rewarding to be part of Foundation Source's journey over the past decade, helping to shape our growth into the leading provider of charitable giving solutions. I'm honored to take on the CFO role at such an exciting time and look forward to working alongside our exceptional team to drive continued success."
Vision for Future Growth
Joseph Mrak III, CEO of Foundation Source, praised Erin's contributions: "Erin has been an invaluable leader at Foundation Source. She has guided our financial operations through periods of rapid growth with vision, precision, and deep care for our mission. We are thrilled to have her step into the CFO role as we enter our next phase of expansion."
About Foundation Source
Foundation Source is recognized as a leading provider of philanthropic software and services. As a pioneer in this space, Foundation Source offers enterprise-grade solutions that encompass private foundations, donor-advised funds, and planned giving programs. Their extensive suite of tools and resources includes administrative support for various charitable vehicles, specialized compliance services, and consulting capabilities.
With over 2,300 private foundations and more than 1,800 nonprofits under their management, Foundation Source plays a vital role in the philanthropic ecosystem, administering around $40 billion in charitable assets and facilitating over 180,000 grants and planned gifts each year.
Frequently Asked Questions
Who is the new CFO of Foundation Source?
The new CFO of Foundation Source is Erin Harrigan, who has been with the company since 2015.
What are Erin Harrigan's responsibilities as CFO?
As CFO, Erin Harrigan will oversee financial planning, risk management, performance reporting, and contribute to M&A strategies.
How many companies has Foundation Source recently acquired?
Foundation Source has acquired four companies in the philanthropic services sector in the last 18 months.
What is Foundation Source's main focus?
Foundation Source focuses on providing philanthropic solutions and services to donors, nonprofits, and wealth advisors.
What has Erin Harrigan achieved at Foundation Source?
Erin Harrigan has played a crucial role in the company’s transition and growth, enhancing financial oversight and operational expansion since 2015.
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