FUNDRIVER
Balance by EverTrue (formerly Fundriver) provides cloud-based endowment accounting software for nonprofit finance offices, foundations, and educational institutions, handling unitization, policy-driven spending calculations, reconciliations, and multi-pool fund management with annual subscriptions and ERP integrations.
- Company typePrivate
- Founded2002
- HeadquartersCincinnati, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What FUNDRIVER does
Balance by EverTrue (formerly Fundriver, founded 2002 and acquired by EverTrue in 2022) is a cloud-based endowment accounting software platform purpose-built for nonprofit finance offices, foundations, and educational institutions. The product handles unitization, policy-driven spending calculations, reconciliations, fund activity management, and multi-pool accounting that extends beyond traditional endowments to short-term pools, life insurance, and charitable gift annuities. Its core technology includes a unitization engine that consistently calculates and tracks units across endowed funds, automated application of spending policies (market-value-based, hybrid, inflation, and custom formulas), and reconciliation tooling that compares custodial statements to fund balances for audit-ready documentation. Real-time fund-level reporting surfaces market value, historical gifts, and available spending for compliance and donor-intent purposes.
Balance operates as the financial-accounting foundation of the broader EverTrue suite, with pre-built integrations into eight major higher-ed and nonprofit ERP and finance systems: Workday, PeopleSoft, Oracle/FRS, NetSuite, Jenzabar, Blackbaud Financial Edge, Ellucian Banner Finance, and Ellucian Colleague Finance. The Impact module consumes Balance data to generate donor-ready annual fund reports, creating a closed loop between finance and donor relations teams, while ODDER extends the same data into stakeholder-facing digital endowment reporting. The company sells via an enterprise field-sales motion centered on scheduled demos and a guided implementation process that includes fund setup and spending-policy configuration, with quote-based subscription pricing tied to fund complexity and organizational size billed annually. The target buyer profile is fiscal officers, financial managers, and stewardship teams at nonprofits and educational institutions that require endowment-specific accounting without enterprise-ERP pricing or customization overhead.
FUNDRIVER firmographics
Firmographics- Name
- FUNDRIVER
- Legal name
- Evertrue LLC
- Website
- https://fundriver.com
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Balance by EverTrue (formerly Fundriver) provides cloud-based endowment accounting software for nonprofit finance offices, foundations, and educational institutions, handling unitization, policy-driven spending calculations, reconciliations, and multi-pool fund management with annual subscriptions and ERP integrations.
- Ownership category
- akta.pro rank
Where FUNDRIVER is headquartered
LocationHeadquarters
- HQ city
- Cincinnati
- HQ country
- United States
- HQ region
- North America
Markets served
FUNDRIVER business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Software Subscription: Cloud-based SaaS subscription model for endowment accounting software. Pricing is based on fund complexity and organizational size with comprehensive implementation support included. The product is positioned as purpose-built endowment accounting without enterprise pricing complexity.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Purpose-built endowment accounting software |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels8 records
FUNDRIVER product offering
Product offeringCore offering
Balance (formerly FUNDRIVER) is a cloud-based endowment accounting software that performs unitization, automated spending calculations under configurable policies, reconciliation of custodial statements to fund balances, and ongoing fund activity tracking for nonprofits and educational institutions. It is sold as a SaaS subscription with guided implementation and integrates with major nonprofit and higher-ed financial systems to export allocation and spending outputs.
Product overview
EverTrue operates as a platform-plus-modules architecture offering a suite of fundraising and donor management products. The core product is Balance (formerly Fundriver), a cloud-based endowment accounting software for nonprofits. Surrounding Balance are Intelligence products (Signal for AI-enhanced donor intelligence and outreach, DonorSearch for AI-powered prospect research), Outreach products (ThankView for personalized video, Pledgemine for direct mail), and Stewardship products (Impact for annual fund reporting, ODDER for digital endowment reporting). Donor Experience Programs provide service support. Balance serves as the financial foundation, with Impact using Balance data to generate donor-ready reports, creating an integrated ecosystem for advancement services.
Differentiator
Problem solved
Functional benefit
Brands
- Balance: Cloud-based endowment accounting software that handles unitization, spending calculations, reconciliations, and fund management for nonprofits and investment pools.
- Signal
- DonorSearch
- ThankView
- Pledgemine
- Impact
- ODDER
Products and services
- Balance (formerly FUNDRIVER) Cloud-based endowment accounting software that performs unitization, policy-driven spending calculations, reconciliation of custodial statements to fund balances, and fund activity management for nonprofits, educational institutions, and foundations managing endowments and investment pools.
Quantifiable outcome
- Reports that once took four weeks to assemble are now completed in half the time (50% reduction)
- +2 more outcomes
Companies that use FUNDRIVER
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles1 record
FUNDRIVER technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability4 records
Feature6 records
FUNDRIVER partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core.
- WorkdaycoreAccounting system integration allowing users to export allocation data, spending summaries, and accounting outputs for use in Workday financial systems.
- PeopleSoftcoreAccounting system integration allowing users to export allocation data, spending summaries, and accounting outputs for use in PeopleSoft financial systems.
- Oracle/FRScoreAccounting system integration allowing users to export allocation data, spending summaries, and accounting outputs for use in Oracle/FRS financial systems.
- NetSuitecoreAccounting system integration allowing users to export allocation data, spending summaries, and accounting outputs for use in NetSuite financial systems.
- JenzabarcoreAccounting system integration for higher education institutions using Jenzabar financial systems, allowing export of allocation data and spending summaries.
- Blackbaud Financial EdgecoreIntegration with Blackbaud Financial Edge allowing users to export allocation data, spending summaries, and accounting outputs for use in nonprofit financial systems.
- Ellucian/Banner FinancecoreIntegration with Ellucian Banner Finance for higher education institutions, allowing export of allocation data and spending summaries.
- Ellucian/Colleague FinancecoreIntegration with Ellucian Colleague Finance for higher education institutions, allowing export of allocation data and spending summaries.
Scale indicators2 records
Recent moves6 records
Expansion highlights6 records
FUNDRIVER competitors and assessment
Company assessmentBroad incumbents
- Salesforce.org / Nonprofit Cloud: Salesforce Nonprofit Cloud is a broader CRM and program management platform for nonprofits and higher education advancement. While not a direct endowment accounting competitor, it increasingly bundles mission-critical workflows that touch fund information, making it a relevant broad incumbent from the buyer's perspective.
- Blackbaud: Blackbaud is the largest dedicated nonprofit software suite, with Financial Edge NXT serving general fund accounting and endowment-adjacent workflows for nonprofits and higher education. Blackbaud is both an integration partner (Financial Edge) and a broader incumbent that can bundle fund accounting into a full advancement/CRM stack, making it the most relevant broad incumbent peer.
- Jenzabar: Jenzabar is a higher education ERP/accounting suite used by small and mid-sized institutions; Fundriver/Balance integrates with it for allocation data and spending summaries. As a campus financial system that competes for the same institutional finance office budget, Jenzabar is a regional-flavoured broad incumbent comparable.
- Ellucian: Ellucian Banner Finance and Colleague Finance are core higher education ERP/accounting platforms that Fundriver/Balance integrates with for fund-level data export. As the dominant campus management vendor, Ellucian is a natural broad incumbent peer with overlapping capability in fund accounting for institutional advancement.
- Sage Intacct: Sage Intacct is a cloud financial management suite widely adopted by nonprofits and that supports dimensional/fund accounting structures. As a broader finance platform with extensible fund-tracking, it competes with general-ledger approaches to endowment accounting, making it a relevant broad incumbent peer despite not being purpose-built for endowments.
- Bonterra (Kindsight / Network for Good): Bonterra consolidates nonprofit fundraising, donor research, and case management products aimed at the same nonprofit advancement buyer as EverTrue. Its Kindsight heritage in prospect research overlaps with DonorSearch, and its broader suite competes for the advancement services wallet, making it a relevant broad incumbent peer.
Emerging players
- DonorPerfect: DonorPerfect is a long-standing donor management and fundraising CRM for small and mid-sized nonprofits. While it focuses on donation processing rather than endowment accounting, it competes for the same advancement services buyer and overlaps with several EverTrue portfolio products.
- Givebutter: Givebutter is a modern, consumer-grade fundraising and donor engagement platform used heavily by nonprofits and educational institutions. It targets the same advancement services stakeholder and overlaps with Pledgemine/ThankView functionality, positioning it as an emerging adjacent peer in the broader nonprofit tech stack.
- Bloomerang: Bloomerang is a modern donor CRM and fundraising platform built for small to mid-sized nonprofits. It overlaps with EverTrue's outreach and stewardship stack and competes for the same advancement buyer, making it a relevant emerging player peer even though it does not address endowment unitization directly.
Direct peers
- Backstop Solutions: Backstop Solutions provides endowment, foundation, and fund accounting software to nonprofit investment offices and foundations, the same buyer and use case as Fundriver/Balance. Both target fiscal officers and stewardship teams managing pooled investment assets, positioning them as the closest direct head-to-head competitor in endowment accounting.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
FUNDRIVER social profiles
Digital presenceFUNDRIVER financial estimates
Financial estimateRevenue estimate
Valuation estimate
FUNDRIVER leadership team
Management profileNumber of profiles
Profiles1 record
FUNDRIVER funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FUNDRIVER M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FUNDRIVER
What does FUNDRIVER do?
Balance (formerly FUNDRIVER) is a cloud-based endowment accounting software that performs unitization, automated spending calculations under configurable policies, reconciliation of custodial statements to fund balances, and ongoing fund activity tracking for nonprofits and educational institutions. It is sold as a SaaS subscription with guided implementation and integrates with major nonprofit and higher-ed financial systems to export allocation and spending outputs.
Is FUNDRIVER a public or private company?
FUNDRIVER is a private company. It is classified as unknown and is currently operating.
When was FUNDRIVER founded?
FUNDRIVER was founded in 2002. It employs 11 to 50 people.
Where is FUNDRIVER based?
FUNDRIVER is headquartered in Cincinnati, United States, in the North America region.
How does FUNDRIVER make money?
One revenue line is on record: software Subscription.
Who are FUNDRIVER's main competitors?
Broad incumbents on record are Salesforce.org / Nonprofit Cloud, Blackbaud, Jenzabar, Ellucian, Sage Intacct and Bonterra (Kindsight / Network for Good). Emerging players are DonorPerfect, Givebutter and Bloomerang. Backstop Solutions is listed as a direct peer.
Does FUNDRIVER have an API?
No public API is recorded for FUNDRIVER.