Foundation Management, Inc. (FMI) was formed in October 2000 by Frank W. Merrick. The knowledge Merrick acquired as a trust officer, professional development officer and director of his own family foundation equipped him with the perspective needed to assist others in their philanthropic goals.

Foundation Management, Inc. began with one staff member and three clients. Since that time, FMI has grown to serve over 20 management clients, more than 250 nonprofit consulting clients, and maintains a staff of 14.