Foundation Source Revamps DAF Platform for Enhanced Flexibility
Foundation Source Unveils Upgraded DAF Platform
Expanded capabilities position platform as a category leader in advisor-led, tech-integrated philanthropic solutions
Enhanced features allow advisors to integrate branded, flexible DAF experiences within their existing tech stacks and custodial relationships
Foundation Source has introduced significant advancements in its donor-advised fund (DAF) platform aimed at providing advisors with greater flexibility and control over philanthropic solutions. This update enhances the platform's appeal, making it an ideal choice for advisors seeking a holistic and integrated approach to charitable giving.
The upgraded DAF platform is energized by a collaboration with BridgeFT, a key player in WealthTech. This partnership introduces multi-custodial capabilities, enabling wealth managers to deliver a tailored, seamless giving experience while maintaining their brand identity. By allowing customization of branding and investment strategies, advisors can now exert greater influence over how funds are managed and allocated.
According to Ashby Foltz, Senior VP of Product at Foundation Source, "The ability to seamlessly support an advisor's preferred custodian within our DAF platform allows for the best of both worlds: investment asset custody with a familiar partner, combined with a modern, user-friendly experience for donors." This improvement empowers advisors to enhance their clients' philanthropic journeys within a stress-free environment.
Stephen Kump, President of DAFs at Foundation Source, echoes this sentiment by stating, "This expansion is about unlocking greater freedom for advisors to serve their clients without constraints." The integration with BridgeFT accentuates the platform’s versatility, reducing manual interventions while providing more personalized solutions suited to each advisor's unique style and preferences.
The upgraded platform showcases exceptional flexibility by allowing diverse forms of giving—from straightforward cash contributions to more complex assets like private equity and real estate investments. This adaptability ensures that advisors can cater to a wide range of philanthropic needs and client situations.
With user-friendly features such as paperless onboarding, real-time visibility, and efficient grantmaking processes, Foundation Source's DAF platform provides an enhanced donor experience. The platform also includes access to philanthropic advisory services, helping clients navigate the complexities of charitable giving more effectively.
Foundation Source stands out in the philanthropic technology landscape as a pioneer, offering integrated, enterprise-grade solutions across various charitable vehicles. Their tailored services support the growth and management of philanthropic initiatives with compliance and professional oversight, ensuring a seamless experience for donors and nonprofits.
As of mid-2025, Foundation Source proudly supports thousands of private foundations and donor-advised fund accounts, managing an impressive $40 billion in charitable assets and facilitating over 180,000 grants each year. This demonstrates the company’s substantial impact on the charitable sector while helping advisors and donors achieve their philanthropic goals.
In an ever-evolving philanthropic landscape where technology plays a crucial role, Foundation Source is committed to adapting and enhancing its offerings to meet the dynamic needs of advisors and their clients.
FAQs About Foundation Source and Its DAF Platform
What enhancements have been made to the DAF platform?
The DAF platform now includes multi-custodial capabilities, allowing advisors greater flexibility in managing funds under their brand.
Why is multi-custodial support important for advisors?
It grants advisors the ability to integrate their preferred custodians while customizing their client’s giving experience effectively.
How does Foundation Source help with complex assets?
The platform facilitates the handling of complex assets like private equity and real estate, providing tailored solutions to donors.
What type of clients can benefit from the Foundation Source platform?
Advisors serving a variety of clients, from those making simple donations to those handling sophisticated philanthropic strategies, can benefit greatly.
How does the partnership with BridgeFT enhance the DAF experience?
This partnership streamlines processes and enhances integration capabilities, allowing advisors to maintain effective relationships with custodians.
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