Joseph Mrak III Recognized as Entrepreneur Of The Year 2026 Finalist in New York

Joseph Mrak III Named Entrepreneur Of The Year® 2026 New York Finalist

Joseph Mrak III, the Chief Executive Officer of Foundation Source, has been distinguished as a finalist for the Entrepreneur Of The Year 2026 Award in New York by Ernst & Young LLP (EY US). This annual program, now in its 41st iteration, is widely recognized for honoring entrepreneurial leaders who are pushing the boundaries of business through their innovative enterprises. These entrepreneurs not only disrupt their respective markets but also foster economic growth and positively impact their communities.

Celebrating Innovation

In this selection process, an independent panel composed of judges evaluated Mr. Mrak among 33 finalists, focusing on criteria such as entrepreneurial spirit, purpose, company growth, and the overall impact in creating long-term value. Having taken the helm as CEO in 2023, Mr. Mrak has spearheaded a significant strategic transformation at Foundation Source, executing four major acquisitions to establish the industry's first fully integrated PhilTech platform. This move has successfully carved out a new category within the WealthTech sector.

His visionary leadership has not only garnered accolades for Foundation Source but has also placed the company in the spotlight within various sectors, including technology and philanthropy. Recognitions from prestigious organizations such as MMI/Barron's, Fast Company, and more highlight Foundation Source's commitment to innovation.

Mr. Mrak’s Vision

Upon being named as a finalist, Mr. Mrak expressed, "It's an honor to be recognized alongside such an exceptional group of entrepreneurs. Leading Foundation Source allows me to leverage my experience in technology and financial services to drive social change. We've developed infrastructure aimed at making philanthropy more accessible and integrated within wealth management. This, in turn, accelerates capital flow to crucial causes." This commitment is reflected in the company’s significant financial contributions: managing over $55 billion in charitable assets and administering upwards of $4 billion annually in charitable aid.

Entrepreneurial Excellence

The Entrepreneur Of The Year Awards celebrate business leaders who embody ingenuity, bravery, and an indomitable spirit of entrepreneurship. The program seeks to honor those who either bootstrapped their businesses or raised external funds to propel their ventures. It recognizes visionary leaders who innovate existing business frameworks, along with family business leaders who redefine legacies for the future.

This year's finalists span across various industries in New York and Connecticut, including technology, consumer products, finance, and life sciences. The regional award winners will be celebrated in a special event in Manhattan scheduled for June 16, where winners will gain lifetime membership in an esteemed global community of Entrepreneur Of The Year alumni. Furthermore, these winners will progress to national consideration, where the ultimate award will be revealed in November during the annual Strategic Growth Forum®.

Supporting Community and Philanthropy

Founded in 2000, Foundation Source has emerged as the leading provider of philanthropic software and services, assisting private foundations, donor-advised funds, and nonprofits. Mr. Mrak’s immense contributions have redefined the organization as an enterprise platform that seamlessly integrates philanthropy into wealth management.

With a steadfast mission focused on instilling charitable giving ethos into the fabric of wealth management, Foundation Source continues to innovate and grow. Their comprehensive suite of services and tools is tailored to support a multitude of philanthropic objectives, ensuring efficient and compliant solutions for donors, nonprofits, and advisors alike.

Joseph Mrak III's recognition as a finalist within this prestigious awards ceremony not only highlights his individual achievements but also underscores the broader impact of Foundation Source—and its vital role in redefining and advancing philanthropy in the modern world.