New handshake, business deal, hiring,
Foundation Source, a provider of philanthropic software and solutions for financial advisors and institutions, has hired several industry veterans to support the firm's next stage of business growth. The hirings follow the firm's strategic investments in its operating model, technology platform and service capabilities.
"We're evolving Foundation Source into a modern, enterprise PhilTech platform — one that simplifies complexity and supports philanthropy at scale," according to CEO Joseph Mrak III. "These leadership additions reflect our commitment to expanding the breadth and depth of our capabilities while delivering exceptional outcomes for clients and partners."
The firm named Phil Crist as head of enterprise sales and Erin McFadden as head of strategic partnerships.
Crist has worked with institutions, family offices and enterprise organizations while at Nasdaq, Western Asset Management and VRGL. In his new role, Crist will lead efforts "to grow the firm's institutional footprint and deepen relationships with large, sophisticated clients seeking integrated philanthropic solutions," according to a statement.
McFadden will leverage her experience at BetaNXT, Meeder Investment Management and FolioDynamix to help the firm expand its distribution and advisor partnerships.
"As philanthropy becomes a core component of wealth and institutional strategy, advisors need access to sophisticated, scalable solutions," she said in a statement. "Foundation Source is uniquely positioned to help advisors and institutions deliver meaningful impact while remaining competitive."
In addition to Crist and McFadden, Foundation Source added Dania Calderon to serve as head of account management and Eric Jacobson to lead client services. Calderon has worked for more than 20 years in client relationship leadership, while Jacobson joined Foundation Source from Apex Fintech Solutions, where he was director of relationship management.
"Our clients are increasingly looking for a strategic partner, one that understands their mission, scale and operating complexity," according to Calderon. "By pairing dedicated account managers with private client advisors and specialist teams, we're able to deliver a more coordinated, forward-looking experience that aligns service, planning, and execution."
Foundation Source supported more than 5,600 private foundations, 20,000 donor-advised fund accounts and 1,700 nonprofits as of Dec. 31; it also administered more than $47 billion in charitable assets and facilitated over 190,000 grants and planned gifts representing more than $4 billion in charitable aid annually.
As part of ThinkAdvisor's 2025 Luminaries awards, Mrak was a finalist for CEO of the Year among financial planning firms in the technology platforms, products and services category. In the advisory support, products and services category, Foundation Source was a Luminaries finalist for innovation in charitable giving/philanthropy.
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