Company Overview ● More robust security + compliance ● Foundant founded 2006 ● Unique in providing “Fund Accounting,” ○ GDPR, HIPAA, VPAT (Accessibility) critical to most Community Foundations ● Employees: 213 ● We are always innovating - Foundant moves slowly ● Hard to displace their strong hold on ● HQ: Bozeman, Montana! ● Can launch or “go-live” in days community foundations ● Can work alongside Foundant and other GMS for ● Their collaboration tools between local contests, new funds/programs, video-based community foundations Products applications, faster program launches ● A+ customer service - customers love ● Our clean, simple applicant experience ● Grant Lifecycle Manager - Main Foundant + they support applicants ● We support robust review processes Competition ● Their Community Suite + GLM are ● Users can “go live” and edit projects autonomously well-integrated ● CommunitySuite - fund accounting tool for Community Foundations ● Scholarship Lifecycle Manager (same as GLM, re-tooled for scholarships) Their Weaknesses Trap questions ● No Funds Distribution For nonprofits (we don’t compete here) ● Very limited # of review stages ● How are you looking to grow your ● User interface (dashboard esp.) requires steep programs with a SaaS solution? (Their ● NonprofitCore - CRM for accounting + learning curve + extensive onboarding lack of innovation) fundraising for non profits - 2022 ● Do you anticipate needing to pivot and ● Applicant must create unique user login for each ● GrantHub - grant-seeker tool offer new grants quickly? (Our speed to organization they apply to ● No fees or payment collection launch advantage) ● Do you prefer to launch and manage your Pricing ● No “self-service” to go-live, need Foundant‘s team programs independently? to accomplish this ● Anecdotally, prices lower than ours. ● Tailored to community foundations, difficult for Potential to change with their new other types of grantmakers to see themselves in it product release(s) Security and Submittable Foundant accessibility Pricing Customer Support & Onboarding SSO ✔ X Per the Tech Impact 2020 report: • Pricing for the system based on complexity of ● Online support: Foundant Support Hub Lists two-factor workflow needs ● Customer community portal: Compass authentication • Basic package includes up to two grant ● Fantastic customer support and programs in the system engagement with customers. GDPR certified ✔ ? No mention of updated GDPR compliance Pricing changed across all products with NonprofitCore’s release • Pricing is based on customer’s annual operating SOC 2 Type 2 ✔ ✔ budget. certified This is newer, updated • “This simplified pricing provides an since 2021 organization’s entire team with unlimited access to the full suite of features, as well as extensive learning resources and responsive support.” HIPAA compliant ✔ X
FERPA compliant ✔ X Notable Customers / Other
Attainted VPAT ✔ X ● United Way customers nationwide
● Austin Community Foundation ● McLaughlin Family Foundation ● Jannus ● Cancer Support Community Montana Check out our 2021 blog post for more info: ● Saint Luke's Foundation The Best Alternative to Foundant