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Foundation Source description
Foundation Source is a software platform designed for managing private foundations. It uses cloud-based technology to handle everyday tasks, grantmaking, expenses, and reporting. The platform aims to simplify philanthropic giving for individuals, companies, and their advisors. It also offers professional services like foundation setup, fund distribution, compliance checks, and tax preparation.
Who is Foundation Source best for
Foundation Source streamlines philanthropic giving and foundation management. It handles grants, expenses, reporting, and compliance, simplifying complex tasks. Aimed at private/corporate foundations and high-net-worth individuals, it offers professional services for setup, fund distribution, and tax preparation.
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Best fit for medium to large foundations (101+ employees).
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Ideal for private/corporate foundations, high-net-worth individuals, in finance, non-profit, or professional services.
Foundation Source features
| Supported Foundation Source offers reporting tools to generate reports on grant activity. |
| Supported Foundation Source supports application management, including tracking and reviewing applications. |
| Supported Foundation Source offers grantmaking, compliance, and reporting tools. |
| Supported Foundation Source ensures compliance with various IRS regulations, likely including disclosure documents. |
| Supported Foundation Source generates financial reports suitable for treasurer reports, audits, and tax forms. |
Foundation Source alternatives
ExakTimeBetter for time tracking and scheduling, especially for construction and field service businesses. ExakTime has a higher G2 rating and is growing faster in website traffic, although its LinkedIn employee growth is declining. Users love its GPS tracking, mobile app, and payroll integrations but dislike occasional glitches and limited customization.Read more
CharityproudBetter for smaller nonprofits seeking an affordable, user-friendly platform with strong customer support. It has more momentum and offers features like online donation forms and automated receipts. However, reporting customization is limited. A strong Foundation Source competitor for its target audience.Read more
Greater GivingBetter for nonprofits focused on event fundraising. A Foundation Source alternative geared towards smaller organizations with limited budgets. Offers auction tools and educational resources. However, users mention a steep learning curve and inconsistent customer support.Read more
MonkeyPodBetter for smaller organizations and offers broader industry fit. MonkeyPod, a Foundation Source competitor, provides fundraising, email marketing, and accounting tools, some unavailable in Foundation Source. It has significantly more momentum currently.Read more
FirespringBetter for organizations seeking an integrated suite of tools including website building, fundraising, and CRM. Offers pre-designed website templates and built-in email marketing automation. Grows slightly faster. A strong Foundation Source competitor for nonprofits needing broader digital marketing support.Read more
BetterUniteBetter suited for smaller organizations. More focused on fundraising and events. Offers a free version. Has strong user reviews on customer support and ease of use. Has more momentum.Read more
Foundation Source FAQ
What is Foundation Source and what does Foundation Source do?
Foundation Source provides cloud-based software for managing private foundations. It streamlines grantmaking, expense tracking, reporting, and compliance, simplifying philanthropy for individuals, companies, and advisors. It also offers foundation setup, fund distribution, and tax preparation.
How does Foundation Source integrate with other tools?
Foundation Source integrates with several tools to enhance its functionality. It connects with various accounting systems, streamlining financial management. Additionally, it integrates with donor databases and grantmaking platforms for improved reporting and workflow. Specific integrations are not publicly listed, but they aim to enhance data management and reporting capabilities.
What the main competitors of Foundation Source?
Alternatives to Foundation Source include Charityproud, Greater Giving, MonkeyPod, Firespring, and BetterUnite. These competitors offer similar features for nonprofit management, fundraising, grant tracking, and donor management, catering to various organizational needs and budgets.
Is Foundation Source legit?
Yes, Foundation Source is a legitimate software platform for managing private foundations. It offers tools for grantmaking, compliance, and reporting, simplifying philanthropic giving. Reviews on Glassdoor give it an average rating of 3.45.
How much does Foundation Source cost?
I couldn't find pricing details for Foundation Source. For accurate product pricing and to determine if Foundation Source is worth it for your needs, contact their sales team directly.
Is Foundation Source customer service good?
Foundation Source receives positive feedback for its helpful customer support and knowledgeable representatives. While some users experience varied responsiveness, most appreciate the personalized service and readily available assistance with foundation management.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.