To: Associated Entities Contacts, Campus Unit Finance Leads
From: John Carlson, Accounting Manager, Associate Entities and Investment Accounting
Beginning in FY 2022, a new software system will be implemented to track the contribution value, market value and annual payout for more than 4,000 individual endowment accounts across campus invested in the Chapel Hill Foundation Investment Fund (CHIF). UAS will continue to be the software used for CHIF investment reporting through fiscal year ending June 30, 2021.
Starting with July 2021 activity, Fundriver will be the system of record and reports, replacing the current Unit Accounting System (UAS). This platform will now generate reports and make them available to school/associated entity finance officers. In preparation for this go-live date, we invite you to a webinar to showcase Fundriver and answer any questions you may have.
A webinar will be held in August. A link to the webinar will be sent in advance of the meeting.
Fundriver is an industry leader in providing endowment accounting software and we are thrilled to be partnering with them and excited to share this new product with you. The solution is used by over 475 non-profit institutions with 77% of its clients being from the Education sector. Along with employing a team of endowment experts that are dedicated to streamlining and improving the accounting and reporting of endowment assets, Fundriver continually improves and enhances its software to keep up with technological advancements and new accounting standards.
We hope you can join us and look forward to seeing you!