Foundation Source, provider of cloud-based SaaS solutions and management services for private foundations, has acquired PG Calc, the leader in planned giving services and software.

The acquisition will enable Foundation Source to provide specialized support and expertise across the giving ecosystem — to donors and nonprofits and their various financial and philanthropic advisors. It will also extend the firm’s offerings into new areas of planned giving, such as charitable gift annuities, pooled income funds, charitable trusts, bequests, and endowment sub-accounting.

PG Calc, founded in 1985, works with nonprofits and financial institutions to help them start or grow their planned giving programs. The company offers state-of-the-art gift administration services and software, consulting, and marketing tools. Its client base includes the largest financial services companies and the top colleges and universities, along with hospitals, religious groups, cultural and academic institutions, and other tax-exempt organizations.

Joseph Mrak III, Chief Executive Officer of Foundation Source, said: “PG Calc is the gold-standard in cloud-based solutions for planned giving and recognized for its high-quality customer base and strong 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.”

Gary Pforzheimer, President of PG Calc, said: “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. 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.”

Mr. Pforzheimer and PG Calc’s employees will join the Foundation Source team, contributing their expertise and insight to sustaining a world class client experience and the continued expansion of the combined entity. Mr. Pforzheimer will become President of Planned Giving at Foundation Source.

Mr. Mrak added: “The enterprise-caliber technology solutions that have revolutionized investing and banking are needed to make giving a frictionless and intuitive experience. 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.”

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