Oklahoma State University Foundation Chooses Blackbaud Solutions

Will use the company's financial and advanced reporting solutions to provide donors with comprehensive fund management and stewardship services

Blackbaud, Inc. today announced that the Oklahoma State University Foundation (OSUF) has selected The Financial Edgeâ„¢ as its specialized nonprofit accounting solution, and The Information Edgeâ„¢ for its complex financial analysis and reporting capabilities. The Foundation, which received a record-setting $106 million in gifts so far this year, will rely on these solutions to maintain accountability, improve efficiency, and meet strict reporting requirements.

"Blackbaud delivers outstanding product solutions for the Foundation's accounting and reporting needs," said Kirk A. Jewell, OSUF's president and chief executive officer. "We have also been very pleased with their professional and responsive staff, which has partnered with us to ensure success."

The Oklahoma State University Foundation's mission is to unite donor and university passions and priorities to achieve excellence. The supporting foundation currently manages $236 million in endowments and $375 million in assets. Ninety-seven percent of all gifts the Foundation processes are restricted for a specific program, project, college, campus, or department and are deposited into one the Foundation's more than 2,000 accounts.

"A higher education foundation is a specialized business with specific needs," said Marc Chardon, Blackbaud's chief executive officer. "We are pleased to provide the technology solution that will help the Oklahoma State University Foundation meet its complex fiscal requirements and reach its goal of managing an endowment that will continue to strengthen the University's programs."

The Foundation, a Blackbaud customer since March, chose The Financial Edge for the solution's ability to handle a high volume of financial records, funds, and disbursements, while enabling the business and finance staff to quickly and easily generate a variety of customized reports. It will also rely on The Information Edge for its centralized data integration and advanced reporting and analysis.

By Blackbaud