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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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