Foundation Source Launches FS Charitable Fund, a 501(c)(3) Fiscal Sponsor
Foundation Source, a provider of philanthropic solutions for donors, nonprofits, institutions, and the wealth advisors who serve them, announced the launch of FS Charitable Fund (FSCF), an IRS-approved 501(c)(3) public charity that provides fiscal sponsorship services powered by Foundation Source's integrated, technology-enabled philanthropic platform. This new offering is designed to help individuals, grassroots initiatives, and emerging nonprofit projects pursue their charitable goals with the support and infrastructure of an established 501(c)(3).
FSCF will provide sponsored projects with grants management, operational guidance, and compliance oversight, enabling project leaders to focus on driving meaningful change in their communities. FSCF will be governed by an independent board of directors and will conduct due diligence on each project it sponsors. By powering FSCF's sponsorship of mission-driven projects, Foundation Source is expanding the range of charitable organizations available to donors, giving them more opportunities to contribute to the causes that matter most to them.
"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," said Joseph Mrak III, CEO of Foundation Source. "This new offering from FSCF enables changemakers to focus on their mission while giving donors more opportunities to support emerging ideas with confidence. It reflects our commitment to expanding the tools and solutions that help maximize impact, including the technology that unifies a range of philanthropic services into a single, coordinated platform."
"Fiscal sponsorship allows emerging initiatives to focus on their mission with proper oversight, compliance, and accountability," said Jeffrey Haskell, Chief Legal Officer at Foundation Source. "This structure helps donors support charitable projects they care about with confidence, knowing those resources are being managed responsibly."
The launch of FSCF expands Foundation Source's commitment to providing a comprehensive suite of philanthropic capabilities for donors, nonprofits, and organizations. By integrating fiscal sponsorship into its technology-enabled suite, which already spans private foundations, donor-advised funds, and planned giving programs, Foundation Source demonstrates how purpose-driven PhilTech can readily adapt to the needs of donors.
The preceding press release was provided by a company unaffiliated with NonProfit PRO. The views expressed within may not directly reflect the thoughts or opinions of the staff of NonProfit PRO.
