Foundation-focused cloud SaaS technology firm Foundation Source has acquired PG Calc to enhance its suite of charitable giving solutions.
It brings together Foundation Source’s software and management solutions for foundations with PG Calc’s planned giving services and software, which will enable an enhanced offering for all in the ecosystem, including donors and non-profits and their advisors.
Joseph Mrak III, CEO of Foundation Source, said that PG Calc is the gold standard in cloud-based solutions for planned giving and is respected for its quality client base and for client retention.
“Its position as a leader in this market makes them an ideal enhancement to our already robust offerings and sets the stage for us to become the leading provider of charitable giving technology, administration and expertise,” he said. “Together, we will raise the bar on PhilTech so donors and donees can collaborate more effectively, and advisors can provide truly holistic wealth management to their individual and institutional clients.”
PG Calc works with non-profits including hospitals, colleges, and other tax-exempt organizations and to provide marketing, consulting, administration, and software services to enhance their planned giving programs and solicit prospective donors.
Its president, Gary Pforzheimer, becomes president of Planned Giving at Foundation Source, and PG Calc’s employees will join the Foundation Source team.
“We are immensely proud of PG Calc’s growth over the last 40 years into a full suite of planned giving products meeting the administrative, compliance, fundraising and marketing needs of all types of nonprofits,” Pforzheimer said. “We’re excited about the intuitive synergies and common purpose we share with Foundation Source and are thrilled to combine our efforts to provide greater access to comprehensive software solutions that support charitable giving.”
Operational drag between an advisor signing and accounts going live is emerging as a competitive liability for wealth management firms.
Bain says companies face a "winner's paradox" as AI transformation collides with complex integrations.
Deal lifts global assets to roughly $523 billion under management.
Choice anxiety, prestige bias, and the temptation to make selections based on outsourced confidence are just some of the parallels between investing and the world of wine tasting.
Regulators found Bank of America's monitoring software had a known flaw Merrill left uncorrected for years.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
