UBS Relies On Foundation Source's Customized Services

Foundation Source, the provider of support services for private foundations forms a strategic alliance with UBS to deliver customized private foundation services for the financial institution's clients. Through this relationship with Foundation Source, UBS clients will gain access to Foundation

By None

Foundation Source, the provider of support services for private foundations forms a strategic alliance with UBS to deliver customized private foundation services for the financial institution’s clients.

Through this relationship with Foundation Source, UBS clients will gain access to Foundation Source’s suite of customized private foundation services which keep private foundations running smoothly and in compliance. Foundation Source reduces the cost and complication of operating a private foundation, resulting in a more enjoyable experience for donors, advisors, family and staff. In addition, the online tools used by UBS clients for managing day-to-day foundation activities will be customized to reflect the UBS brand for a seamless client experience.

“Our decision to partner with Foundation Source for private foundation services is based on providing clients with the best services available in the industry,” says Michael Roberts, head of Trust Services, UBS Wealth Management Americas. “Since Foundation Source focuses solely on private foundations, they deliver efficiencies and innovations that greatly enhance our services to those clients.”

“At UBS, we work closely with our clients to understand what they want to achieve with their giving, then align that passion with a personalized philanthropic plan of action that is part of the client’s overall wealth management,” says Bill Sutton, head of Philanthropic Services, UBS Trust Company, N.A. “Foundation Source provides a level of service, expertise and attention to detail that allows clients to enjoy their philanthropy rather than dread the details.”

“In the past several years, we have witnessed a dramatic emergence of strategic philanthropy as a core competency of the successful private wealth offering,” says Daniel M. Schley, executive chairman, Foundation Source.

“Even with the current economic downturn, Americans continue to give generously. In fact, our private foundation clients increased their giving in 2008 by 30% over the previous year. UBS is ensuring that those clients who decide to pursue their philanthropy via a private foundation are able to do so efficiently and effectively.”

L.D.

«