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Foundation Source, a provider of cloud-based solutions and management services for private foundations, has acquired PG Calc, a "gold-standard in cloud-based solutions for planned giving," CEO Joseph Mrak says in a press release.
The Massachusetts-based company, which was founded in 1985, offers state-of-the-art gift administration services and software, consulting, and marketing tools designed to support all aspects of a planned giving program.
Its position as a leader in this market makes it "an ideal enhancement to our already robust offerings and sets the stage to become the leading provider of charitable giving technology, administration, and expertise," says Mrak.
PG Calc will operate as part of Foundation Source, and President Gary Pforzheimer will become President of Planned Giving at Foundation Source.
"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," Pforzheimer says in the press release.
The acquisition is expected to add to Foundation Source's revenue, and it's not the first time the company has made a splash in the world of planned giving.
In 2016, it acquired PhilTech, a company
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