ADC Austin partnered with the Indiana University Foundation to design and develop the ETA2 System, which has been selected as the KUALI standard for Endowment Management. Endowment funds (and similarly invested long-term funds) and their corresponding investments are key components of the financial structure of most colleges and universities.
Some of the key components of the module include the following:
- Investment tracking and reporting
- Investment participation (endowment and non-endowment) management and reporting including unitized transaction
- Budgeted and actual income projections (pooled funds and separately invested holdings)
- Access to donor instructions
- Manage available funds with searchable data elements describing the terms of use
- Beneficiary disbursement process and information (tax) reporting
- 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 accounts