Foundation Source Achieves Major Milestone in Formation of New Private Foundations

Added Andrew C. Bangser, Foundation Source president, “Year over year, our company’s share of newly formed private foundations continues to grow. We are particularly pleased to have crossed over the 10% threshold in 2007. Based on our company’s continued growth in 2008, even in the face of a declining economy, we anticipate significant growth in market share once again when the-more-2008 data is published later this year. I am confident that our transformative approach to the setup and operation of the private foundation will remain very compelling, and in time more and more wealth advisors, attorneys and trusted advisors will look to Foundation Source as their operating partner.”