Lowdown on Turnkeys

We've been hearing a lot lately about two companies that offer what they describe as turnkey solutions for administering foundations. And we've been wondering how lawyers who advise foundations view them. Foundation Source of Norwalk, Conn., started in April 2000, now manages administrative and compliance work for 52 foundations, with about $50 million in assets, and plans to expand to up to $250

We've been hearing a lot lately about two companies that offer what they describe as turnkey solutions for administering foundations. And we've been wondering how lawyers who advise foundations view them.

Foundation Source of Norwalk, Conn., started in April 2000, now manages administrative and compliance work for 52 foundations, with about $50 million in assets, and plans to expand to up to $250 million over the next few years, according to the company. The company says applications

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