#USA #Fairfield #Foundation Source #BridgeFT #Donor-Advised Fund

Foundation Source Enhances Turnkey DAF Platform for Advisors

Foundation Source, an industry leader in philanthropic solutions, has recently announced significant upgrades to its donor-advised fund (DAF) platform. This enhanced platform now features multi-custodial flexibility, empowering advisors to create personalized giving experiences while maintaining their existing custodian relationships.

A New Era of Philanthropy for Advisors

With a focus on innovation and advisor empowerment, Foundation Source has integrated new capabilities into its white-label DAF infrastructure. This transformation is made possible through a recent collaboration with BridgeFT. By utilizing BridgeFT's WealthTech API, Foundation Source enables wealth managers to elevate their service offerings, enhancing the overall donor experience within their tech stacks.

As a turnkey solution, the revamped DAF platform allows wealth advisors to manage charitable funds branded under their own name. This means they can easily integrate DAF management into their practices without the need for clients to switch custodians. It represents a groundbreaking shift in how advisors can approach philanthropy within their business models.

The Power of Multi-Custodial Flexibility

One of the standout features of this upgrade is the ability to support multiple custodial options. Advisors now have the freedom to work with their preferred custodians, including the three largest national custodians, ensuring they can maintain established client relationships while transitioning into innovative philanthropic strategies. Ashby Foltz, Senior VP of Product at Foundation Source, expressed that this flexibility represents the best of both worlds – classic investment asset custody combined with a modern, user-friendly experience.

Stephen Kump, President of DAFs at Foundation Source, emphasized that these developments liberate advisors from traditional constraints, enabling them to serve clients in a more dynamic manner. This move eliminates custodial limitations, optimizing the philanthropic solution for advisors who strive for sophistication in their client strategies.

Tailored Solutions to Meet Diverse Needs

Foundation Source's DAF platform caters to a wide range of charitable contributions, from straightforward donations to complex assets such as private equity and real estate interests. The platform aims to simplify philanthropy with features like paperless onboarding, real-time visibility into donor accounts, and one-click grant making. Advisors can leverage philanthropic advisory services tailored to client needs, regardless of the account size or investment strategy.

Presently, Foundation Source supports over 2,300 private foundations, administers around 18,000 DAF accounts, and collaborates with approximately 1,800 nonprofits. As of June 30, 2025, the organization manages approximately $40 billion in charitable assets and facilitates more than 180,000 grants annually. This impressive scale underscores the efficacy of their new features.

A Commitment to Philanthropic Innovation

The enhancements to Foundation Source's DAF platform mark a significant moment in the evolution of philanthropic technology. Its focus on advisor-led strategies and user-configurable designs aligns with the trends in today’s market, where personalization is key. By integrating advanced technology with existing custodial frameworks, Foundation Source sets itself apart as a leader in customizable DAF solutions.

As the fiscal landscape changes, and donors look for more strategic and impactful ways to give, Foundation Source’s enhancements to its platform ensure that advisors remain equipped to meet these emerging needs. The emphasis on flexibility, client-centric solutions, and advanced technology solidifies Foundation Source’s standing as a forward-thinking partner in philanthropy.

In summary, the upgraded turnkey DAF platform by Foundation Source is more than just a technological enhancement; it represents a holistic approach to philanthropy that is set to redefine how advisors manage charitable contributions, ensuring that both they and their clients can navigate the complexities of giving with confidence and ease.