Foundation Source, the nation’s largest provider of foundation management services, announced the launch of Impactfully Select, a cloud-basedย platform developed to address the operational,ย expense managementย andย grantmakingย needs of private foundations.
Impactfully Select is the latest iteration of Foundation Source’s long-term commitment to facilitate philanthropy with purpose-built technology that makes giving easier and more impactful. The Impactfully Select software, along with the company’s highly rated full-service foundation management solutions, expands the range of tech-enabled services it provides to private foundations. The launch of Impactfully Select marks the first time Foundation Source’s proprietary, award-winning technology is available to purchase on a subscription basis, allowing foundations of all sizes, ages and complexities to benefit from the company’s specialized expertise and provenย workflows.
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“With Impactfully Select, we’ve created aย feature-richย platform that meets the needs of philanthropists seeking agile and collaborative digital solutions, particularly foundations that are managed by in-house staff or third-party professionals and want an integrated view andย collaboration toolsย to increase impact,” saidย Steveย Aponte,ย vice presidentย of product and strategy at Foundation Source. “Our modern interface and streamlinedย workflowsย transcend the fragmented, retrofittedย workaroundsย and legacy platforms that serve the market today while minimizing the administrative burden for foundation leaders, staff and advisors.”
Drawing on 22 years of experience servicing thousands of private foundations, Impactfully Select provides an intuitive and configurable experience allowing foundations and their financial, tax and legal advisors to manage every aspect of their philanthropic efforts. By combiningย workflowsย and features that support daily operations, grants andย expense management, and reporting, the platform enables users to engage with their colleagues and grantee partners, streamline their internal processes and centralize their data on a single platform. Impactfully Select is available on desktop and as aย mobile appย for bothย Androidย andย Apple.
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“There are more than 100,000 private foundations in theย U.S.ย today that collectively process an enormous volume of grants each year,” said Mr.ย Aponte. “Impactfully Select was designed to deliver the essential functionality to make these charitable efforts easier.”
Impactfully Select includes four core feature sets that support the complete range of foundation activities:
- Dynamic operations dashboardย that provides workflow andย task managementย of operational foundation processes including compliance, communications, grant requests, impact planning and budget management.
- Right-sized grants managementย that organizes and supports the complete grant lifecycle with applicant partnership tools, request tracking, committee voting, curated templates,ย self-serviceย grantee status review, and progress reporting in an elegantย grantmakingย solution.
- Integrated expenseย workflowsย that centralize disparate tasks like expense requests, payment approvals, department budget caps, and disbursements in one streamlined system.
- Actionable reporting and analyticsย that enable users to see a consolidated view of their expenses, grants and audit data with built-in visualization templates,ย best practiceย standard reports and robust capabilities.
“For more than 20 years, Foundation Source has provided industry-leading technology solutions and philanthropic expertise to support thousands of philanthropists who want to make giving easier, more impactful and cost effective,” saidย Sunil Garga,ย chief executive officerย of Foundation Source.“When combined, giving and technology have promising implications for improving the world around us now and in the future, and we are excited to see how our new offering makes a difference for our clients and the important work they do.”
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