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FOUNDATION SOURCE ACQUIRES VENNFI, THE FINTECH POWERING DONOR-ADVISED FUND CHARITYVEST

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Acquisition expands Foundation Source’s range of enterprise-grade, tech-enabled offerings with donor-advised fund and workplace giving capabilities 

Reinforces Foundation Source as the leading provider of turnkey philanthropic solutions 

FAIRFIELD, Conn., Oct. 17, 2024 /PRNewswire/ — Foundation Source, the nation’s largest provider of cloud-based solutions for private foundations and planned giving, today announced it acquired Vennfi, the financial technology company powering Charityvest, an industry-leading donor-advised fund (DAF) sponsor. Foundation Source will harness the DAF functionality to deliver modern giving experiences and create new opportunities for innovation and growth in the philanthropic sector.

“With this acquisition, Foundation Source can now offer a DAF platform with an intuitive and frictionless user experience that sets a new industry standard for technology innovation,” said Joseph Mrak III, CEO of Foundation Source. “This strategic acquisition is an important milestone in Foundation Source’s mission to make giving easier and more impactful, and we’re excited to make these philanthropic solutions widely available to help people and companies drive change.”

The deal will broaden Foundation Source’s suite of offerings and accelerate the delivery of giving solutions across the wealth management industry through a turnkey private label platform that will make offering and administering a donor-advised fund easier and more efficient for DAF sponsors, broker-dealers, independent RIAs and other financial services organizations. The acquisition also includes a workplace program that allows employers to streamline corporate and employee giving efforts.

“As financial advisors and wealth management firms look for ways to differentiate themselves beyond traditional investment advisory expertise, a full set of philanthropic capabilities is essential for holistic client engagement,” Mr. Mrak continued.

Through this transaction, Foundation Source reinforces its position as the leader in philanthropic technology, administration, and professional services. Building on its market-leading suite of capabilities, Foundation Source will be the only provider to deliver scalable, end-to-end digital solutions across private foundations, planned giving, and donor-advised funds, making it the optimal choice for professional advisors, and financial institutions serving wealth management and private banking clients.

“Our organizations share a commitment to provide wealth managers and their clients with easier access to collaborative giving tools and resources,” said Vennfi CEO, Stephen Kump. “After a highly collaborative and exploratory process over many months, it became clear that, together, we can catalyze more giving by making it more accessible, secure, and efficient for more people. We are enormously excited to join the Foundation Source team to unlock even more purposeful giving in the years ahead.”

The Charityvest DAF program was launched to the public in December 2019 as a partnership between Vennfi, a financial technology company, and Charityvest, Inc., a 501(c)(3) public charity and donor-advised fund sponsoring organization. Following Foundation Source’s acquisition of Vennfi, Charityvest, Inc. will continue to operate as a separate, independent entity, managed by its own Board of Directors. Foundation Source technology will power the Charityvest DAF program, the turnkey DAF platform, and the workplace giving program.

“We are grateful for the past partnership with Vennfi and look forward to working closely with Foundation Source to harness additional capabilities to help our donors give more, and give more purposefully,” said Paul Glyer, Secretary of Charityvest, Inc.

The management team of Vennfi, led by Mr. Kump, will join Foundation Source, contributing their expertise and insights to sustaining a world-class client experience and the continued expansion of the combined entity.

Earlier this year, Foundation Source announced the acquisition of planned giving software and services leader, PG Calc, as part of its growth strategy to build a single platform for a wide range of flexible, popular, tax-advantaged resources that make giving easier.

The transaction was completed on October 17, 2024. The terms of the transaction were not disclosed.

About Foundation Source (foundationsource.com)
Foundation Source is the leading provider of enterprise-caliber and technology-led charitable giving solutions. At the forefront of philtech, Foundation Source is the partner of choice for turnkey software and services that offer end-to-end support for donor-advised funds, planned giving and private foundations. We offer a range of purpose-built, cloud-based platforms that facilitate all stages of giving and a configurable suite of administrative, compliance, tax, and philanthropic advisory services for donors, nonprofits and charities, and professional advisors, including RIAs and financial institutions serving wealth management and private banking clients.

With 65 years of experience, Foundation Source empowers people and companies to create a better world through philanthropy. We support more than 4,000 charitable organizations, administer more than $25 billion in foundation assets, and facilitate more than 120,000 grants and planned gifts annually.

About Vennfi
Vennfi Inc. is a financial technology company enabling the future of purposeful philanthropy. Its flagship offering is a next-generation, technology-enabled administrative solution for 501(c)(3) donor-advised fund sponsors, first launched in partnership with Charityvest Inc. in 2019. Headquartered in Atlanta, GA, Vennfi is backed by Y Combinator, Sovereign’s Capital, Teamworthy Ventures, and others.

About Charityvest (charityvest.org)
Charityvest, a donor-advised fund (DAF) sponsor, is on a mission to catalyze generosity via modern technology. It endeavors to enable everyone to engage more in philanthropy—to give, to give more, and to give better. In addition to serving individual and corporate donors, Charityvest partners with leading financial advisors and workplaces to launch modern giving programs for their stakeholders. Charityvest is headquartered in Atlanta, GA. For more information, or to start your personal giving account, please visit charityvest.org.

MEDIA CONTACT
Carly Taylor
foundationsource@neibartgroup.com
973-618-6993

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SOURCE Foundation Source

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Forbes Names TCL One of the World’s Top Companies for Women in 2025

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SHENZHEN, China, May 12, 2026 /PRNewswire/ — TCL, a leading global technology company, announced its inclusion in Forbes’ 2025 list of the World’s Top Companies for Women, recognizing its success in building an inclusive culture and championing women in the workplace.

To compile the list, Forbes partnered with market research firm Statista to survey approximately 120,000 women working for multinational corporations in more than 36 countries. Each company’s score aggregates survey responses with a “public opinion score” that quantifies women’s gender perceptions of different companies, as well as data on women in executive and board positions. The list ranks 400 corporations with a significant global presence across at least two continents.

In addition to career advancement, TCL offers family-friendly benefits such as mother and baby rooms, extended paid maternity leave and childbirth allowances, along with women’s healthcare services including cancer screening and psychological counseling.

“Women’s empowerment is a core component of TCL’s globalization and sustainability strategy, linking our technological innovation with social development,” said Wei Xue, Vice President & Chief of the ESG Office at TCL Technology Group Corporation, and Chairperson of TCL Charity Foundation. “Our inclusion on Forbes’ list is a tribute to TCL’s long-term commitment to empowering women in the workplace and supporting their career development. We are honored to be included and proud of our track record of creating opportunity for all people.”

TCL operates in more than 160 countries and regions, engaging with local communities and respecting local cultural norms to empower women in the workplace. The company maintains its commitment to diversity and inclusion by assessing Environmental, Social and Governance indicators in its global subsidiaries and using this data to inform its employment policies.

TCL Extends Female Empowerment Mission Beyond the Workplace

Since 2018, TCL has partnered with FIBA, the world’s governing body for basketball, to promote female participation in the sport. The company has supported numerous global events and will continue its involvement with the upcoming FIBA Women’s World Cup in Germany in September and the 2027 FIBA World Cup in Qatar. 

Through the Huameng Foundation, a philanthropic initiative established by TCL’s founders, the company funds female-focused programs that have enabled nearly 1,000 young women from underprivileged families to complete high school and tertiary studies. The Foundation uses technology to advance its charitable causes, supporting community development in China and elsewhere.

In addition, TCL’s dynamic and long-running #TCLforHer campaign leverages technology, sports and education to empower young women and nurture their ambitions through a variety of community initiatives. The campaign shares stories of trailblazers who challenge assumptions and tear down boundaries, inspiring women everywhere to boldly defy stereotypes and fulfill their potential. 

#TCLforHer has received numerous international marketing honors for its storytelling prowess. In January 2025, it won a prestigious Silver Telly Award—a major prize in the global documentary and TV brand film sector—for its 2024 marketing campaign, which centers around two brand films produced by a predominantly female team. 

TCL’s inclusion on the Forbes list of the World’s Top Companies for Women marks an important milestone, affirming the company’s leadership in female empowerment and commitment to breaking the glass ceiling for women worldwide.

About TCL

Founded in 1981, TCL—short for “The Creative Life”—embodies creativity in every aspect of life. As a leading technology brand, TCL is dedicated to delivering innovative solutions—including TVs, smartphones, audio products, smart home devices, display technologies, and clean energy—that enhance customer experiences through two independent entities—TCL Industries and TCL Technology.

With 47 R&D centers and 40 manufacturing bases globally, TCL operates in over 160 countries and regions, cementing its position as a globally competitive smart technology brand. To further inspire greatness, TCL has become an official Worldwide Olympic and Paralympic Partner in the Home Audiovisual Equipment and Home Appliances category.

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SOURCE TCL

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BIT Supports Pawpathon 2026 as Title Sponsor, Championing Community Inclusion and Second Chances

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SINGAPORE, May 12, 2026 /PRNewswire/ — BIT participated as the Title Sponsor of Pawpathon 2026, a community initiative organised by HUG Community Services in collaboration with the Yellow Ribbon Project, held at Mandai Wildlife West.

The event brought together families, community partners, volunteers, beneficiaries, and members of the public for a morning focused on inclusion, encouragement, and community support. The programme featured a charity walk, therapy dog interactions, community performances, and appreciation activities recognising donors and partners supporting rehabilitation and reintegration efforts.

Guest of Honour Mr Chee Hong Tat, Minister for National Development, and Ms Elysa Chen, Member of Parliament for Bishan-Toa Payoh GRC, joined organisers, sponsors, and participants in supporting the event.

As part of the sponsor appreciation segment following the community walk, Mr John Ge, CEO of BIT, shared a short address reflecting on the importance of community support, inclusion, and showing up for one another.

“Pawpathon is more than just a walk. It is a community coming together for a common purpose,” said Mr Ge. “Second chances do not happen on their own – they require support, encouragement, and inclusion from the people around us. We are grateful to be part of such a meaningful initiative alongside the wider community.”

As a Singapore-headquartered company, BIT believes in contributing meaningfully to the communities it operates in through initiatives that promote inclusion, trust, and social cohesion.

BIT extends its appreciation to HUG Community Services, the Yellow Ribbon Project, volunteers, partners, and all participants who contributed to making Pawpathon 2026 a meaningful community event.

About BIT

BIT (formerly Matrixport) is a Singapore-headquartered global digital asset financial infrastructure and services group focused on building long-term financial infrastructure for modern investors. Built on integrity and trust, BIT bridges traditional finance and digital assets through disciplined governance, advanced technology and regulatory compliance.

 

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SOURCE BIT

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Worldline and EcoFlow announce strategic partnership to power seamless global payments

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Clean energy leader to deliver a smooth checkout experience and accelerate growth across Europe and international markets

PARIS and DÜSSELDORF, Germany, May 12, 2026 /PRNewswire/ — Worldline, a European leader in payment services, and EcoFlow, a leading provider of smart home energy storage solutions, today announced a strategic partnership to enhance EcoFlow’s global payment infrastructure and accelerate its expansion across the US, UK, Europe and new international markets. EcoFlow has selected Worldline’s Global Collect platform to unify its global payment operations, enable local acquiring and deliver a seamless, reliable checkout experience for customers worldwide.

As EcoFlow enters its next phase of growth, marked by increasing transaction volumes and expanding customer demand, a high-performance payment system has become critical to ensuring a consistent user experience across regions.

Through this partnership, Worldline’s local acquiring capabilities across geographies will enable EcoFlow to boost authorisation rates, reduce cross-border payment friction and meet local compliance requirements with ease — ensuring customers enjoy a trusted and frictionless checkout experience regardless of their location.

As EcoFlow prepares for its next wave of expansion, Worldline will extend its local acquiring footprint into APAC, Latin America and additional regions as transaction volumes scale. Worldline’s advanced network tokenisation technology will further improve authorisation performance and significantly reduce false declines — an essential advantage for high-value clean energy products, where reliability and trust are key to the purchasing decision.

Stijn Gasthuys, Head of Global Commerce at Worldline, said: “As EcoFlow expands into new markets, they need a payments partner combining global execution with local expertise to deliver reliable, high‑performance payment experiences worldwide. At Worldline Global Collect, our ability to support complex international growth, together with our strong European coverage, made the difference.”

Yidan Yuan, Head of Europe at EcoFlow, added: “Delivering a seamless and reliable customer experience is at the core of everything we do. As our global business continues to grow, we need a payment infrastructure that can scale with us while maintaining high performance across markets. Our partnership with Worldline allows us to strengthen payment reliability, improve authorisation rates and ultimately provide a smoother experience for our customers worldwide.”

By investing in a more advanced and localized payment ecosystem, EcoFlow reinforces its commitment to customer-centric innovation, ensuring that as its clean energy solutions reach more users globally, the purchasing experience remains as intuitive, secure and efficient as the products themselves.

ABOUT WORLDLINE

Worldline [Euronext: WLN] is Europe’s leading operator of critical infrastructure and payment services. With a presence across the entire value chain, the Group offers its customers unique expertise in processing and securing their payments, thereby promoting their growth. Worldline is leveraging its 2030 strategic plan and its technological innovation capabilities to build the European reference payment partner for merchants and financial institutions. With over 1.2 million customers, Worldline achieved €4bn in revenue in 2025. worldline.com

Worldline’s corporate purpose (“raison d’être”) is to design and operate leading digital payment and transactional solutions that enable sustainable economic growth and reinforce trust and security in our societies. Worldline makes them environmentally friendly, widely accessible, and supports social transformation.

ABOUT ECOFLOW

EcoFlow is a global pioneer in eco-friendly energy solutions, driving the transition toward smarter, cleaner, and more independent power. Founded in 2017, EcoFlow is No. 1 in smart home energy storage solutions, empowering millions of users to take control of their energy at home and beyond. With operational headquarters in Seattle, Düsseldorf, Irvine, Tokyo and Birmingham, and a business and data center in Singapore, EcoFlow operates as a global ecosystem spanning research, operations, and manufacturing. Its innovative technologies serve over 5 million users across 140 markets and redefine how the world takes control of its energy. ecoflow.com

View original content:https://www.prnewswire.co.uk/news-releases/worldline-and-ecoflow-announce-strategic-partnership-to-power-seamless-global-payments-302769106.html

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