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Foundation Source, the largest provider of cloud-based solutions for private foundations and planned giving, has bought Vennfi, a company that provides technology for donor-advised funds, the Wall Street Journal reports.
"With this acquisition, [Foundation Source] can now offer [a donor-advised fund] platform with an intuitive and frictionless user experience that sets a new industry standard," says Joseph Mrak, CEO of Foundation Source.
Charityvest, a financial technology company that also partnered with Vennfi, will continue to operate as an independent brand under the new name Charityvest.
Vennfi will continue to operate independently.
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Philanthropy Shaping A New Miami
Many people, organizations and businesses in Miami are actively committed to philanthropy. As Javier Alberto Soto, president and CEO of the Miami Foundation, puts it, “Miami is home to a young, diverse demographic that’s looking for ways to get involved, ways to improve our community that aren’t traditional, like a formal gala.”