Foundation Source Teams with University of Chicago Booth School of Business to Bring Angel Investing Techniques to Private Foundations

Experts to Discuss IRS Guidelines Allowing Private Foundations to Invest in
Social Enterprises That Generate Profits in Support of Philanthropic Missions
FAIRFIELD, Conn.--(Business Wire)--
Foundation Source, the nation's leading provider of support services for private
foundations, announced that it will co-sponsor a gathering of private
foundations with The Polsky Center for Entrepreneurship at the University of
Chicago Booth School of Business to discuss the benefits of program related
investments (PRI). In the same way that individual "angel" investors pool
investments in start-up ventures, IRS guidelines allow private foundations to
use PRI`s to invest in social enterprises that generate profits in support of
philanthropic missions.

The first-of-its-kind gathering will take place April 22 at the University of
Chicago`s Gleacher Center, 450 Cityfront Plaza Drive beginning at 9:30 am. The
registration fee is $100. Foundation Source clients receive a 25% discount. To
register and for additional information, please visit Chicago Social Venture
Forum.

The program is geared toward donors and staff of existing private foundations;
individuals interested in social investing through a private foundation; and
private wealth managers and other advisors to high-net-worth individuals
interested in social enterprise investing regardless of the size of their
charitable endowment.

Sharon Schneider, a senior philanthropic director for Foundation Source, said,
"This is a great tool for donors who want to apply business standards to their
philanthropic giving as opposed to simply writing checks to organizations. It
allows private foundations to co-invest, making it easy for smaller and mid-size
foundations to participate. And PRIs count toward the required 5% annual
disbursement. We are delighted to collaborate with the Polsky Center for
Entrepreneurship at Chicago Boothto present an overview of this exciting and
innovative philanthropic method for social enterprise investing."

Linda L. Darragh, Polsky Center Director of Entrepreneurship Programs and
Clinical Associate Professor for Entrepreneurship at Chicago Booth, said, "We
have had tremendous success helping to bring venture investors together through
the Hyde Park Angels network to support start-ups that are profit-oriented. We
are excited to be working with Foundation Source to leverage that winning
formula to benefit start-ups that are both financially and socially beneficial,
opening angel investing to the world of private foundations through
program-related investment."

About the Polsky Center for Entrepreneurship at Chicago Booth
(www.chicagobooth.edu/entrepreneurship)

The Polsky Center for Entrepreneurship at Chicago Booth advances the knowledge
and practice of entrepreneurship and innovation. The center supports
entrepreneurial development and investment through its cutting-edge curriculum,
innovative hands-on learning experiences, leading faculty research, conferences,
and community and global outreach programs.

About Foundation Source (www.foundationsource.com)

Foundation Source is the nation's leading provider of support services for
private foundations. The company's back-office, online and support services ease
the burden, freeing foundations to focus more on mission, strategy and family
priorities and less on back-office administration and compliance tasks. The
result: better run foundations with greater social impact. Foundation Source was
recently named Philanthropic Group of the Year by the editors of Private Asset
Management.

Foundation Source provides its full range of award-winning services to nearly
900 private foundations coast-to-coast representing $4 billion in foundation
assets. Foundation Source provides its services through partnerships with the
nation's leading private wealth management firms, trust and estate attorneys and
CPAs. The company is headquartered in Fairfield, CT with regional offices in
Atlanta, Boston, Chicago, Denver, New York City, Philadelphia, Salt Lake City,
San Francisco and Seattle.

Media:
Foundation Source
Sharon Schneider, 224-422-8799
sschneider@foundationsource.com
or
Cohen Strategic
Jonathan Cohen, 203-722-1858
jrcohen100@gmail.com

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