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The Commonwealth Group, Inc. Partners with Foundation Source to Provide Clients with Private Foundation Services

FAIRFIELD, Conn. (BusinessWire EON) March 9, 2007 --     Clients of The Commonwealth Group will now have access to Foundation Source's innovative technology and comprehensive support services for private foundation administration and philanthropic advice. These services benefit clients who already have a foundation as well as those who are considering establishing one, and include state and federal filings, compliance monitoring, charity research and online tools to managing the day-to-day activities of the foundation.

"Affluent families face unique challenges, including the transmission of values across generations. We believe that strategic philanthropy not only helps promote family continuity across generations, but functions as the medium through which generations communicate values," said Mark Sachs, director of family wealth planning at The Commonwealth Group. "The private foundation is a very effective vehicle for accomplishing these goals. With Foundation Source providing philanthropic advice and effectively removing the onerous administrative requirements that typically prevent families from taking advantage of a family foundation, we know our clients will get the most out of this experience."



"There is a growing group of enlightened wealth management firms that recognizes the transformation taking place in the private foundation space," said Matt Brill, Foundation Source Regional Manager for the Southeast. "We look forward to working with The Commonwealth Group to help its clients become more effective philanthropists and create a lasting legacy of making a difference through their private foundations."

About The Commonwealth Group (www.commonwealthgroup.com)

The Commonwealth Group, Inc. is a registered investment advisor headquartered in Boca Raton, Florida, offering investment advice and management to wealthy families and individuals. The firm believes that deficient clarity of purpose is a key impediment to the successful transfer of family wealth, values and well-being. The firm helps clients achieve clarity of purpose by helping them understand the integral relationships between their human, intellectual and financial capital.

About Foundation Source (www.foundationsource.com)

Foundation Source is America's leading provider of support services for private foundations. The company's full suite of back-office, online and support services ease the administrative burden and deliver greater social impact. A Foundation Source foundation is a more enjoyable experience, allowing families and staff to focus on mission, strategy and priorities, rather than back-office administration and compliance tasks.

Today, Foundation Source provides its services to more than 500 family, corporate and professionally staffed foundations through partnerships with leading private wealth management firms, trust and estate attorneys and CPAs. The company is headquartered in Fairfield, CT with regional offices in Boston, New York, Philadelphia, Atlanta, Chicago, Denver, Salt Lake City, San Francisco and Seattle.

Foundation Source is a registered trademark of Foundation Source Philanthropic Services Inc. All rights reserved.

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