Foundation Source, a software management platform for private charitable foundations, has hired Lou D’Addario as its chief revenue officer and Warren Bailey as chief information security officer.
D’Addario previously held roles in revenue growth and wealth management at the financial services companies FolioDynamic, Envestnet and, most recently, Charles River Development. Bailey previously spent 13 years as chief technology officer at PG Calc,a planned-giving software that Foundation Source acquired in February.
Foundation Source supports more than 4,000 charitable organizations on behalf of family offices, wealth advisers, CPAs and attorney clients. The private equity firm GTCR acquired the Connecticut-based platform in September 2023.
The company’s cloud-based software provides tools for administrative, compliance, tax and philanthropic advisory services. Foundation Source operates in what it calls “philtech” — a term used to describe philanthropy technology.
“Integrating charitable giving into wealth planning promotes deeper relationships with clients and allows advisers to make more relevant, personalized recommendations,” D’Addario said. “Philtech is the answer to making these services more accessible and cost-efficient for wealth management firms, and I’m thrilled to join the team to help connect the industry with smart, tech-enabled solutions that fit seamlessly into the adviser desktop.”