GTCR-backed Foundation Source completed the acquisition of Giving Place from Give, a TIFIN company.

GTCR-backed Foundation Source, a provider of support services and foundation software, completed the acquisition of Giving Place, a software platform for family office giving programs and private foundations, from Give, a TIFIN company - a digital platform designed to make philanthropy simple, accessible and impactful. Financial terms were not disclosed. "Foundation Source continues to invest in the capabilities and technologies that empower donors and advisors to achieve maximum impact. We are excited to welcome Giving Place to the Foundation Source family and introduce our new clients to a robust suite of resources and tools that offers end-to-end support for the philanthropic journey," Joseph Mrak III, Foundation Source CEO.