M and A
Deals Of The Day: The Latest In Wealth Management M&A – Foundation Source, Giving Place
The latest mergers, acquisitions and other corporate actions in the wealth management sector.
Foundation Source, Giving Place
Foundation
Source, which provides technology solutions for donors,
nonprofits, institutions, and advisors, has acquired Giving
Place, a software platform for family office giving programs and
private foundations.
The platform was sold by Give, a TIFIN Company. The terms of the transaction were not disclosed.
"We know that private, family-led foundations often navigate complex wealth planning challenges, and their advisors need high-quality technology that delivers a complete, intuitive view of client giving," Joseph Mrak III, CEO of Foundation Source, said.
The deal follows Foundation Source's acquisitions of Vennfi, the fintech powering donor-advised fund sponsor Charityvest, and PG Calc, a major player in planned giving software and services.
GTCR acquired Foundation Source in September, 2023. This news service interviewed Joseph Mrak (pictured), who had joined the organization from Refinitiv.
As of December 31, 2024, Foundation Source supported more than 4,000 charitable organizations and administered more than $26 billion in foundation assets.
