com
Best Software today introduced new Grants
Management
capabilities for its MIP Endowment Management product, which
helps foundations, federations, and
other nonprofits with planned giving
programs manage complex financial details of numerous funds
, and allows
their development professionals to access both campaign and planned giving
donor information
from a single information source."
Specifically, Grants Management enables users to:
-- Track processes throughout the entire proposal process;
-- Schedule and set up partial grant
payments from multiple sources; and
-- Determine and schedule payment type, amount and frequency
for each
portion of the grant, as appropriate.mip.society making
----
Functionality Streamlines Competitive
Granting Administration and
Allows Foundations to Match Donors with Targeted Giving Opportunities
Stellar Financial Inc.
The application supports customizable grant application and
grantee
classification structures, allowing grant managers to
associate applications with potential donors
and designated funds as
well as more closely tracking budgeting goals for individual silos and
program
groupings.
"This is a very exciting addition to Stellar's NorthStar 500
system," commented T.:
Stellar Financial Inc. The
Grants Management capabilities are also available a la carte to
GT Pro
customers. Nonprofit
organizations can use MIP Endowment Management for endowment set
-up and
rule establishment, asset pool tracking, purposes, grant requests and
disbursements, contributions
, and report and check processing.
Grants Management functionality is available now. Its parent
company, The Sage Group
plc (London: SGE.4 million customers worldwide.grant making
"
ABOUT STELLAR FINANCIAL
INC. is a Stellar/McKim Company based in
Stroudsburg, PA and is a leading provider of integrated
philanthropic
management software for charitable organizations. For more information
about the
MIP Endowment Management solution or other Best Software
solutions for nonprofits, visit www.
About Best Software
Best Software offers leading business management products and services
that
support the needs, challenges and dreams of more than 2.L), supports 4.top philanthropy
Stellar Financial Announces
Deployment of Competitive Granting Functionality for NorthStar 500 Charitable Operations Management
Platform
The new Grants
Management functionality enables nonprofits to streamline the internal
grant making processes required to track and disburse planned giving and
endowment funds.
Grants Management also helps users manage the various approval processes
for each unique endowment
or fund with Manager Screens and project-flow
task lists for each staff member.
MIP Endowment
Management is available as a complete, stand-alone solution,
or an add-on module for MIP Fundraising
GT Pro 4.
MIP Endowment Management integrates seamlessly with the general ledger of
the MIP
Fund Accounting solutions, as well as other accounting products,
enabling foundations and other organizations
to administer, review, and
manage the details of complex endowment funds, including philanthropic
funds, donor-advised funds, Charitable Remainder Trusts (CRATs and CRUTs),
and Charitable Gift
Annuities from the same data source.3 million small and
mid-sized customers in North America. For
more
than 25 years, Best Software has delivered easy-to-use, scalable and
customizable applications
through its portfolio of leading brands,
including Abra, ACCPAC, ACT!, BusinessVision, CPASoftware
,
FAS, MAS 90, MAS 200, MAS 500, MIP, Peachtree,
SalesLogix, and Timberline Office, among many
others. For more
information, please visit the Web site at www.com/moreinfo or
call (866) 308
-BEST.development making
, a subsidiary of Stellar/McKim LLC and a
leading provider of philanthropic management software
, today announced
the deployment of new competitive grant management functionality.
Competitive
grant making functionality in NorthStar 500 extends
overall visibility into the competitive and complex
grant making
process for program officers, management and board members, while
streamlining application
processing and grant progress tracking, grant
budgeting, grant distribution related task assignments
and post-award
grantee compliance/impact monitoring. Stewart, Director of Business Development for
Stellar Financial "Our clients and our competitive granting advisors
provided us with a solid
blueprint that has allowed us to rapidly
develop functionality that exceeds currently available competitive
granting technologies. Stellar Financial's clients boast advanced capabilities
in online donor
services, administrative and financial processing, and
operational efficiency.0, the latest version
of
Best Software's donor relationship management solution for medium to large
nonprofit organizations
, which began shipping to customers today.
2005 Best Software.philanthropy grants
Philanthropy Writers/Business
Editors/Technology Editors
STROUDSBURG, Pa.
The initiative employed a broad range of competitive
grant
management experts from Community Foundation, Jewish Federation and
other sophisticated
Planned Giving and Endowment backgrounds. Built on a fully
web-based platform Stellar Financial solutions
power some of the most
advanced Donor Advised Fund, Endowment and Planned Giving programs in
the
nation and provide back-office processing for over $3 billion in
client assets. For more information
visit Stellar Financial
on the web at www.making society
"The
goal was to distill the competitive grant practices
of different
organizations into a fully functional, yet highly flexible,
competitive grant platform
that can allow organizations with diverse
competitive grantmaking requirements to streamline their
competitive
granting operations," said John Coogan, Managing Director for Stellar
Financial.
Stellar
Financial engaged a variety of industry veterans in this
initiative, including former community foundation
granting officers
and Jewish Federation grant program officers. The new competitive
granting functionality
is the latest addition to NorthStar 500's
web-based, ASP delivered, charitable operations management
platform.
NorthStar 500 also includes extensive functionality for donor
relationship management
, contribution and non-competitive grant
management, accounting, investment management and real-time
online
account access for donors, advisors and supporting organizations. Document management
functionality
allows electronic capture of applications and related
application and grant documentation.J.
Using MIP Endowment Management, nonprofit organizations can now track and
report in greater detail
on each planned giving vehicle; manage complex
multi-fund proposal, approval and disbursement processes;
and smoothly
manage each associated task in planned giving and endowment programs.
"MIP Endowment
Management already brings the complex elements of managing
funds and trusts into a single, unified
solution," said Marc Griffin, SVP
and general manager of Nonprofit Solutions at Best Software.
"Now, with
the added Grants Management capabilities, foundations, federations, and
nonprofits that
process proposals for planned giving dollars can simplify
their grant-making processes and have more
complete donor information at
their fingertips. All rights reserved.
development society
stellarfinancial.PRESS
RELEASE Best Software Expands Functionality of MIP Endowment Management Product With New Grants Management
Capabilities
com or call 800-647-3863.bestsoftware.development foundations
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