On March 5, 2024, Foundation Source, the leading provider of cloud-based solutions for private foundations and planned giving, announced the addition of Mark Casady to its Board of Directors. Casady, the founder of Vestigo Ventures and former chairman and CEO of LPL Financial, brings in four decades of financial services experience. Joseph Mrak III, CEO of Foundation Source, expressed delight in welcoming Casady, citing his extensive knowledge of wealth management and expertise in financial services technology as invaluable assets. The appointment aligns with the company's vision to become the primary source of enterprise-caliber charitable giving solutions, leveraging fintech advancements for the benefit of donors, nonprofits, and their financial and philanthropic advisors.
Casady's illustrious career includes 15 years at LPL Financial, where he served as chairman and CEO, overseeing its growth to become the largest independent broker-dealer in the United States. His appointment follows Vestigo Ventures' investment in Foundation Source, coinciding with the acquisition of PG Calc in February 2024, expanding the company's suite of planned giving software and services. Foundation Source, backed by private equity firm GTCR, aims to solidify its position as a leading provider of charitable giving technology, administration, and expertise.
