In the 17 years since its inception, the assets of the Okaloosa-Walton College (OWC) Foundation in Niceville, Florida, have grown from $12,000 to more than $22 million. They needed a versatile, integrated accounting package that enables the tracking of individual scholarships and endowments, state matching funds, and earnings on individual gifts, as well as unrestricted contributions. Sage MIP Fund Accounting addresses the needs of nonprofit organizations, from tracking and reporting on individual funds and multiple sources to complying with FASB and other nonprofit specific reporting requirements. Sage MIP Fund Accounting helps Okaloosa-Walton College Foundation meet the challenges of financial management, answer requests by donors for account information, and keep pace with FASB accounting requirements.
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