Foundation Source makes acquisition to boost charitable giving solutions suite
Technology firm says the deal will help it provide specialized support to advisors, donors, and non-profits.
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.”
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