FAIRFIELD, Conn., May 04, 2016 (GLOBE NEWSWIRE) -- Foundation Source, a firm that sets up and provides outsourced services to private foundations, today announced that Susan Friedlander Calzone has been appointed Chief Executive Officer of the Company. She will assume her responsibilities immediately and will succeed Robert Chartener, who has been appointed Executive Chairman.
“We are grateful for Mr. Chartener’s leadership,” said Chairman of the Board, William Mahone. “His commitment to Foundation Source and his many contributions to the company, its people and its mission have positioned Ms. Calzone to lead the Company to its next stage of success.”
With over 30 years of global management experience in operations, administration, and sales, Ms. Calzone has the requisite skills to manage the company’s growth in a scalable, efficient manner, while maintaining the company’s historic commitment to client service excellence.
“I am excited to help steer the future of a company that has always been a pioneer, applying business efficiency models of outsourcing, automation, and economies of scale to the private foundation sector,” said Ms. Calzone. “As the company enters its sixteenth year, it is poised to build upon its historic strengths and established client base. I look forward to working with my Foundation Source colleagues and the Board to ensure that the company continues to innovate and grow while we serve and inspire new and existing private foundations.”
Previously, Ms. Calzone served as COO of two early-stage companies in the medical devices and ecommerce industries. She spent nearly 20 years as Chief Administrative Officer of Bloomberg L.P., serving as one of the company’s top five managers as it grew from $10 million to $5 billion in revenues and from 500 to over 200,000 subscribers and customers. From 2006 to 2010, she also served as an executive with Bloomberg Philanthropies, which focuses on the environment, public health, the arts, government innovation, and education. Among her other achievements at Bloomberg Philanthropies, Ms. Calzone established the infrastructure for operations, administration, and human resources.
Prior to embarking on her business career, Ms. Calzone earned a B.A. from Dartmouth College and an M.B.A. from the Tuck School at Dartmouth, where she served on the Board of Overseers. Ms. Calzone and her family live in Norwalk, CT.
About Foundation Source (www.foundationsource.com)
Foundation Source is the nation’s largest provider of comprehensive support services for private foundations. The company’s administrative services, online foundation management tools, and philanthropic advisory services provide a complete outsourced solution, including the creation of new foundations. Now in its second decade, Foundation Source provides its services to more than 1,200 family, corporate, and professionally staffed foundations, of all sizes, nationwide. The company works in partnership with wealth management firms, law firms, and accounting firms, as well as directly with individuals and families. Foundation Source is headquartered in Fairfield, Connecticut, with offices in Boston, Chicago, Los Angeles, New York City, Philadelphia, San Francisco, Seattle, and South Florida.
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