Strategic partnership delivers a modern charitable planning experience to wealth managers, RIAs and financial institutions
FAIRFIELD, Conn., Sept. 8, 2025 /PRNewswire/ — Foundation Source, the premier provider of philanthropic solutions for donors, nonprofits, institutions, and the wealth advisors who serve them, today announced a strategic partnership with WealthTech leader Envestnet. The collaboration will equip advisors with innovative tools to streamline and scale charitable giving services across their practices.
Through this partnership, Envestnet will integrate Foundation Source’s modern, enterprise-grade technology – designed to support private foundations, donor-advised funds, and planned giving programs – alongside a full suite of administrative, compliance, and tax services. These capabilities will allow advisors to better meet clients’ holistic needs, strengthen relationships, boost retention, and drive firmwide growth. Key features include configurable dashboards providing aggregate views by firm, team, and advisor, along with comprehensive reporting, integrated collaboration tools, and intuitive workflows for grants management and impact measurement. Foundation Source will also enhance compliance oversight for participating firms.
Envestnet joins a growing roster of recognized leaders in wealth management innovation that have selected Foundation Source to develop a more well-rounded offering that seamlessly embeds philanthropy. The collaboration deepens Foundation Source’s commitment to bridging the gap between philanthropy and wealth management with modern, scalable software that makes charitable giving a more accessible and cost-efficient offering for advisors and their clients.
“We are thrilled to partner with Envestnet to expand PhilTech solutions to a broader audience of wealth managers,” said Joseph Mrak III, CEO of Foundation Source. “This integration addresses a critical resource gap and increases operational efficiencies so advisors can spend more time helping clients achieve their philanthropic goals with ease and confidence.”
“Foundation Source’s philanthropic technology and services are powerful additions to our ecosystem, supporting advisors as they respond to growing client demand for purposeful giving,” said Blake Wood, Head of Platform Strategy at Envestnet. “This functionality aligns with our mission to elevate the advisor experience and create new opportunities for impact.”
About Foundation Source (foundationsource.com)
Foundation Source is the leading provider of philanthropic software and services. A pioneer in philanthropic technology, we are the partner of choice for integrated, enterprise-grade solutions spanning private foundations, donor-advised funds and planned giving programs. Our 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. We 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 June 30, 2025, we support more than 2,300 private foundations,18,000 DAF accounts, and 1,800 nonprofits, administer $40 billion in charitable assets, and facilitate more than 180,000 grants and planned gifts annually.
About Envestnet (envestnet.com)
Envestnet is the Adaptive WealthTech company that helps advisors meet the moment with its comprehensive technology, insights, solutions, and industry-leading support. This empowers advisors to make smart decisions throughout every step of a client’s financial life. Backed by 25 years of experience and $7.0 trillion in platform assets, Envestnet is trusted by over a third of all financial advisors across many leading banks, wealth managers, brokerages, and RIAs.
For a deeper dive into how Envestnet is shaping the future of financial advice, visit www.envestnet.com. Stay connected with us for the latest updates and insights on LinkedIn and X (@Envestnet_).
Envestnet refers to the family of operating subsidiaries of the holding company, Envestnet, Inc.
Foundation Source and Envestnet are separate and unaffiliated firms. This material should not be construed as a recommendation or endorsement of any particular product, service, individual or firm.
MEDIA CONTACTCarly Taylor
[email protected]
973-618-6993
SOURCE Foundation Source
