Case Study: The Music Center Foundation streamlines endowment management with AccuFund

The Music Center Foundation manages over $400 million in endowments with AccuFund

The Music Center Foundation, which provides endowment support for a major performing arts center, faced complex challenges managing over 2,000 named funds across eight resident companies. Their basic software could not efficiently handle the detailed allocation and donor tracking required for their $400 million endowment. They turned to vendor Accufund for its Accounting Suite, seeking a solution designed for nonprofit endowment management.

Accufund implemented its core Accounting Suite with the Allocations module, which automatically distributes investment income and expenses to each individual donor fund. This replaced error-prone manual spreadsheets, saving significant time and providing precise, monthly donor-level financial reports. The foundation credits Accufund's flexible system and excellent customer support with enabling them to manage their exponential growth efficiently, adding six new endowment funds without increasing accounting complexity.

The Music Center Foundation