Evertrue

What is Balance (Fundriver), and how is it used?

Fundriver joined the EverTrue family in 2022 to become Balance, a cloud-based endowment accounting software that helps nonprofits manage their endowments and similar investment pools through unitization, investment allocations, fund activity, and spending calculations..

Who typically uses Balance?

Typically, Balance is used by fundraising professionals who need accurate fund-level accounting and clear financial reporting. This includes: finance offices, auditors, foundation teams, investment staff, and donor relations partners.

Is Balance only for endowments?

No. Balance goes beyond just endowments and can manage multiple investment pools, including short-term pools, life insurance, and CGAs.

Does Balance support spending policy calculations?

Yes. Balance automates spending rules and formulas, including market-value-based, hybrid, inflation, and custom policies.

How does Balance handle reconciliations and audits?

Balance’s endowment accounting software compares custodial statements to fund balances, allowing quick identification and resolution of discrepancies. It also provides the documentation, reports, and fund activity details required for audit review.

How does Balance integrate with other systems?

Users can export allocation data, spending summaries, and other accounting outputs for use in financial systems, spreadsheets, or reporting tools. In particular, Balance also works with the following accounting systems:Workday®Peoplesoft®Oracle/FRS®NetSuiteJenzabar®Blackbaud Financial Edge®Ellucian/Banner Finance® Ellucian/Colleague Finance®

How frequently can Balance update investment valuations?

Balance is designed for reconciliation with investment statements, which organizations typically generate monthly or annually.

What makes Balance different from other enterprise accounting tools?

Balance is built specifically for endowment and investment pool accounting, giving teams the accuracy they need without complex customizations or enterprise pricing. Balance’s comprehensive implementation process includes guided onboarding, fund setup, spending policy configuration, and support from the Balance team.