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    Home»Fintech»Foundation Source Buys Fintech Firm Powering Charityvest
    Fintech

    Foundation Source Buys Fintech Firm Powering Charityvest

    October 18, 20241 Min Read


    “As financial advisors and wealth management firms look for ways to differentiate themselves beyond traditional investment advisory expertise, a full set of philanthropic capabilities is essential for holistic client engagement,” Mrak added.

    The Charityvest DAF program was first launched to the public in 2019 as a partnership between Vennfi and Charityvest Inc., a 501(c)(3) public charity and donor-advised fund sponsoring organization. Following Foundation Source’s acquisition of Vennfi, Charityvest will continue to operate as an independent entity, managed by its own board of directors.

    Foundation Source technology will power the Charityvest DAF program, the turnkey DAF platform and the workplace giving program, according to the announcement.

    The transaction was completed Thursday, and terms were not disclosed.



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