#United States #Philanthropy #Fairfield #Foundation Source #FS Charitable Fund

Foundation Source Enhances Philanthropic Services

Foundation Source, a prominent player in the philanthropic solutions sector, has recently announced the launch of a new initiative aimed at enriching its offerings for donors and nonprofits. The introduction of the FS Charitable Fund (FSCF)—an IRS-approved 501(c)(3) public charity—marks a significant addition to the array of services provided by the organization.

What is FS Charitable Fund?

The FS Charitable Fund (FSCF) functions as a fiscal sponsor, aiming to expand the landscape of charitable giving. Designed to support grassroots initiatives, emerging nonprofits, and various charitable projects, this new offering allows individuals and organizations to access the infrastructure of a seasoned 501(c)(3). With comprehensive grants management, operational guidance, and compliance oversight, FSCF enables project leaders to concentrate on their missions without the complication of administrative duties.

Joseph Mrak III, CEO of Foundation Source, emphasized the impact of FSCF by stating, “With the launch of FSCF’s fiscal sponsorship program, we are addressing a critical gap in philanthropy by streamlining the path for innovative projects and grassroots initiatives to get started and thrive.” This initiative is not simply about offering financial assistance; it’s about nurturing the next generation of changemakers and allowing them to focus on their core objectives.

Benefits of Fiscal Sponsorship

One of the primary advantages of fiscal sponsorship through FSCF is the structure it provides. By maintaining oversight and compliance, FSCF allows emerging initiatives to navigate complexities with confidence. Jeffrey Haskell, Chief Legal Officer at Foundation Source, explained that “this structure helps donors support charitable projects they care about with confidence, knowing those resources are being managed responsibly.” Overall, the program aims to build trust between donors and projects, leading to more robust funding networks for innovative and impactful initiatives.

The fiscal sponsorship program represents a strategic expansion of Foundation Source’s comprehensive suite of philanthropic solutions. By seamlessly integrating these services into their existing technology-enabled framework—which already includes private foundations, donor-advised funds, and planned giving options—they showcase their commitment to evolving and adapting to the needs of modern philanthropy.

Commitment to Transparency and Due Diligence

FSCF operates under strict governance by an independent board of directors, conducting due diligence on all sponsored projects. This ensures responsible stewardship of charitable resources, enhancing the transparency that is essential in today’s philanthropic environment. The independent governance model cultivates trust among stakeholders, empowering organizations to engage in impactful work while maintaining accountability.

Foundation Source’s innovation in philanthropy doesn’t stop here; the organization’s various products and tools are designed for both new and established charitable ventures. Their flexible offerings facilitate the integration of philanthropic technology into traditional giving practices, meeting a wide range of objectives for donors, nonprofits, and advisors alike.

Market Impact

As of June 30, 2025, Foundation Source supports over 2,300 private foundations, 18,000 donor-advised fund account holders, and 1,800 nonprofits. Administering a staggering $40 billion in charitable assets and facilitating more than 180,000 grants and planned gifts annually, the organization is a cornerstone of the philanthropic ecosystem. The introduction of FSCF not only enhances their existing framework but also signifies a transformative moment in the way philanthropy can expand to meet the needs of diverse communities and causes.

Through FS Charitable Fund, Foundation Source is set to bridge gaps in charitable funding, allowing innovative ideas and projects to flourish while offering donors a reliable and efficient way to contribute to the causes that resonate with them.

In conclusion, Foundation Source's new fiscal sponsorship service represents a vital development in the philanthropy sector, one that encourages donors to support a wider range of projects while empowering those projects with the necessary tools to succeed. This initiative exemplifies how technology and strategic governance can come together to increase the impact of giving and foster a culture of generous support for community-driven change.