Indiana University Foundation
Originally developed for Indiana University Foundation to manage the 1.1 Billion dollar endowment fund.
- Manage approximately 5000 individual accounts benefiting over 200 unique departments on 8 campuses
- Multiple Account Types
- Endowments
- Expendable (Quasi) Endowments
- Operating/Discretionary
- Charitable Remainder Trusts
- Charitable Gift Annuities
Pooled Funds
- Multiple investment models are available
- All funds held on the principal side of the account are automatically invested in the Pooled Long Term Fund
- All funds held on the income side may be invested in the Pooled Long Term Fund at the discretion of the account manager
Automated Activities
- Pooled Fund Investments
- Pooled Fund Distributions
- Posting of Gifts
- Importing transactions from Excel
- Accruals (interest and dividend)
- Pricing from outside sources
- Maintenance of Original Gift Value (OGV)
- Interface to General Ledger
Additional Features of the ETA System
- Ability to manage and create additional multiple pools
- Custodial trust management with related beneficiary distribution and tax reporting
- Equity only pool
- Fixed income only pool
- Short term pool
- Long term pool
- Daily sweeps of uninvested cash into Short Term Pools
- Customized intervals of automatic investment of available cash into Long Term Pools
- Management of the pools at the organization wide level by investment manager, by custodian, etc.
- Ability to define different investment vehicles at the account level
- Single or Multiple Pools
- Other Investments
- Ability to charge management fees at the pool level and/or at the account level
- In accordance with internal guidelines/UMIFA, the system provides the flexibility to manage variable spending policy amounts
- Ability to automatically invest in either income or principal
- Ability for an account to automatically transfer for reinvestment all or a portion of income into principal
- Quasi Endowments at the discretion of the benefiting unit
- Permanent Endowments at the discretion of the donor
- Ability for an account to automatically transfer all or a portion of income to other account