Foundation Source recently announced the addition of multi-custodial capabilities to its turnkey, white-label donor-advised fund platform.
Powered by BridgeFT’s WealthTech API, this enhancement allows advisors to keep investment assets with their preferred custodian while taking advantage of Foundation Source’s existing white label infrastructure.
“The ability to seamlessly support an advisor’s preferred custodian within our DAF platform allows for the best of both worlds: investment asset custody with a familiar partner, combined with a modern, user-friendly experience for donors,” said Ashby Foltz, senior VP of product at Foundation Source. “Our white-label DAF platform enables us to deliver a deeply embedded, advisor-led experience that is now highly configurable and ready to integrate with the many flavors of advisor tech stacks in the market today.”
Previously, the Foundation Source advisor-led DAF platform, which is offered in partnership with Charityvest, leveraged Alpaca as its primary custodian. This partnership immediately gives users access to three major custodians (BNY Mellon, State Street and JPMorgan Chase). In the future, the partnership will purportedly allow the platform to support a range of large-, mid- and small-sized custodians based on Bridge FT’s lengthy list of custodial partners.
“This expansion is about unlocking greater freedom for advisors to serve their clients without constraints,” said Stephen Kump, president of DAFs at Foundation Source. “By integrating with BridgeFT and building on our existing advisor-branding capabilities, we’re eliminating custodial and branding limitations, giving advisors a modern philanthropic solution that aligns with the sophisticated strategies advisors deploy every day.”
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