Written by Erin Delehanty.
Does your department have an endowment held in one of the University’s foundations or the Endowment Fund? Do you know where to go to determine how much it’s worth or want to read the gift agreement? Foundations Accounting & Investments (FAI) has a software tool that you can access to see all of that, and it has been updated with June 30, 2023 information.
Endowments are invested using a “pooled” concept, meaning they are combined with other endowments in an investment pool. In order to allocate investment earnings to individual endowments, a method of unitization is needed (similar in concept to a mutual fund). To provide for this unitization, FAI uses a software package called Fundriver.
Fundriver may be used by NC State personnel to obtain information about endowments, including endowment market values, gift agreements and other fund information. Endowment market values are made available quarterly in Fundriver. Endowment information is available for all FAI managed entities, to include the NC State Endowment Fund, Alumni Association, NC State Univerrsity Foundation and college-based foundations.
Fundriver access is limited to NC State employees who utilize Fundriver in regular business activities. This most often includes college/unit/foundation business offices, Finance Division personnel and University Advancement personnel. Access to Fundriver for appropriate individuals may be requested through the Reporting Tools page of FAI’s website.
Learn how to use Fundriver.