CommunitySuite Fund Accounting
About CommunitySuite Fund Accounting
CommunitySuite Fund Accounting is a management software from Foundant Technologies that supports foundation operations. It includes Grant Lifecycle Manager, Solutions by Need, and Solutions by Organization Type so organizations can manage grants effectively. The software helps eliminate data silos and connect operations for better workflow efficiency. With features tailored to meet the needs of various organizations, CommunitySuite is designed to assist foundations in maximizing their impact through comprehensive grant management. Key capabilities: Grant Lifecycle Manager Solutions by Need Solutions by Organization Type Full-cycle grants management Foundation operations support Best for: foundations that need effective grant management solutions.
CommunitySuite Fund Accounting by Foundant Technologies is a comprehensive, all-in-one platform designed to meet the complex needs of philanthropic organizations, particularly community, college, family, and faith-based foundations. The software effectively integrates fund accounting with relationship management, endowment and investment tracking, and grant and scholarship processing, eliminating data silos and providing a unified view of all financial and constituent interactions. Its web-based interface is intuitive and highly user-friendly, offering self-service tools such as The Portal and The Giving Hub that empower donors, grantees, and vendors to manage information independently, reducing administrative workload. CommunitySuite excels in managing both endowed and non-endowed funds, tracking pooled investments, and providing real-time spendable balances, ensuring accurate and timely reporting. The platform also seamlessly connects fund accounting with the Grant and Scholarship Lifecycle Managers, enabling efficient processing from award to payment while allowing customization of fund groups and reporting templates to align with organizational policies. With over 600 clients and a 99% renewal rate, the software demonstrates high reliability and the capacity to manage large, complex datasets, including more than $62 billion in assets under management.
Pros & Cons
- Fund accounting features allow real-time tracking of spendable balances, pooled investment earnings, pledges, bequests, charitable gift annuities, and loans.
- Events management tools support campaigns and fundraising activities with integrated payment processing.
- Online donations are simplified, enabling donors to give easily to funds, projects, or causes.
- Reporting and analytics provide performance data and trends to support growth and decision-making.
- Integrations with Stripe, Candid, Outlook, and Workato enhance payment security, donor management, communication, and data connectivity.
- The product requires separate modules for grant and scholarship management, which may increase overall costs.
- Reporting customization is limited to filtered financial reports and templates, which may not meet advanced analytics needs.
- The system emphasizes integrations with specific partners (Stripe, Candid, Outlook, Workato), potentially limiting flexibility with other third-party tools.
Features
Key features
Manages core accounting, fund accounting, CRM, events, and online donor activities in one platform, eliminating data silos.
Provides the ability to track the actual spendable balances of funds in real-time, aiding accurate decision-making.
Unifies financial and relationship data for a 360-degree constituent view, strengthening relationships with fund advisors and donors.
Ensures accurate tracking and reporting of endowed/non-endowed funds, investments, admin fees, and spending policy compliance.
Offers The Portal and The Giving Hub, allowing donors, grantees, and vendors to self-serve real-time information (e.g., tax receipts, grant status).
Easily tracks and allocates pooled investment earnings back to individual funds, simplifying complex financial calculations.
Additional features
Efficiently manages core accounting while providing real-time financial information to fund advisors.
Accesses constituent profiles for a 360-degree view, enabling meaningful and accessible relationship management.
Tools to run events, manage giving campaigns, and easily track associated results.
Makes it simple for community donors to contribute to a fund, project, or cause.
Provides performance data and trends to drive organizational success and growth.
Uses Stripe for secure online payment processing.
Used for streamlined donor management.
Used for easy constituent communication.
Connects data to various other applications.
Strengthens and streamlines relationships with donors and fund advisors.
Provides donors and fund advisors with immediate access to agreements, statements, balances, activity, and recommendations.
Seamlessly handles the entire lifecycle of grants and scholarships from award through payment.
Uses flexible programs, degrees, and activity lists to track and engage alumni groups.
Allows reporting on unique, organization-specific information.
Provides ready-to-use templates for a quick start.
Simplifies and automates routine processes to enhance accuracy and reduce errors.
Provides comprehensive tools for event management, complete with payment integration.
Enables donors to easily browse giving opportunities, manage recurring donations, and print tax receipts.
Allows grantees to track grant status, view relevant documents, and monitor payment schedules.
Allows nonprofits to promote funding opportunities, update directory listings, and showcase grant-funded partners’ work.
Allows vendors to manage vouchers and efficiently check payment status.
Provides a holistic financial solution for managing all fund types.
Manages and tracks investment performance and administrative fees.
Ensures accurate tracking and reporting related to compliance with the foundation's spending policy.
Provides comprehensive tracking of all types of funding inflows and outflows.
Allows users to create customized financial reports to accommodate specific reporting needs.
Provides immediate, accurate oversight of available funds.
Pricing
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About CommunitySuite Fund Accounting
CommunitySuite Fund Accounting is a management software from Foundant Technologies that supports foundation operations. It includes Grant Lifecycle Manager, Solutions by Need, and Solutions by Organization Type so organizations can manage grants effectively. The software helps eliminate data silos and connect operations for better workflow efficiency. With features tailored to meet the needs of various organizations, CommunitySuite is designed to assist foundations in maximizing their impact through comprehensive grant management. Key capabilities: Grant Lifecycle Manager Solutions by Need Solutions by Organization Type Full-cycle grants management Foundation operations support Best for: foundations that need effective grant management solutions.
CommunitySuite Fund Accounting Details
CommunitySuite Fund Accounting's In-App Market Place
Does CommunitySuite Fund Accounting have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
No
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), AUD (A$), CAD (C$), JPY (¥), CHF (CHF), CNY (¥), INR (₹), MXN (Mex$)
Pros & Cons
- Fund accounting features allow real-time tracking of spendable balances, pooled investment earnings, pledges, bequests, charitable gift annuities, and loans.
- Events management tools support campaigns and fundraising activities with integrated payment processing.
- Online donations are simplified, enabling donors to give easily to funds, projects, or causes.
- Reporting and analytics provide performance data and trends to support growth and decision-making.
- Integrations with Stripe, Candid, Outlook, and Workato enhance payment security, donor management, communication, and data connectivity.
- The product requires separate modules for grant and scholarship management, which may increase overall costs.
- Reporting customization is limited to filtered financial reports and templates, which may not meet advanced analytics needs.
- The system emphasizes integrations with specific partners (Stripe, Candid, Outlook, Workato), potentially limiting flexibility with other third-party tools.
CommunitySuite Fund Accounting's Support Options
Email Address
support@foundant.comContact
(877) 297-0043CommunitySuite Fund Accounting's Alternatives
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