Top 10 Best Endowment Accounting Software of 2026

Fundriver is a specialized fund accounting software tailored for nonprofits, foundations, and endowment managers, providing robust tools for tracking complex endowment portfolios, unitized accounting, and compliance with standards like UPMIFA, GAAP, and FASB. It automates spendable income calculations, investment performance tracking, and donor restriction management, enabling real-time financial visibility and reporting. Designed for scalability, it supports multi-entity structures and handles high-volume transactions with precision, making it a leader in endowment accounting solutions.

Blackbaud Financial Edge NXT is a cloud-based financial management platform tailored for nonprofits, offering robust fund accounting capabilities including specialized tools for endowment management. It supports unitization, total return accounting, and compliance with standards like UPMIFA, enabling precise tracking of donor-restricted funds and investment performance. The software integrates seamlessly with Blackbaud's CRM and fundraising tools, providing a unified view of financial health and donor impact.

Sage Intacct is a cloud-based financial management platform designed for nonprofits and mid-sized organizations, offering robust fund accounting features tailored for endowment management. It enables precise tracking of donor-restricted funds, including permanently restricted endowments, through multi-dimensional segmentation, automated allocations, and compliance reporting aligned with FASB standards. The software provides real-time dashboards for monitoring endowment performance, underwater funds, and spending policy adherence, making it suitable for complex nonprofit financial operations.

Oracle NetSuite is a comprehensive cloud-based ERP platform that excels in financial management, including fund accounting capabilities tailored for non-profits and endowments. It enables tracking of donor-restricted funds, investment portfolios, compliance with standards like UPMIFA, and automated reporting through customizable modules. While not exclusively endowment-focused, its scalability and integration make it suitable for complex endowment management in larger organizations.

Ellucian Banner is a comprehensive ERP platform tailored for higher education institutions, featuring a robust Finance module that includes specialized endowment accounting capabilities. It supports management of endowed funds, unitization processes, spending policy calculations, and detailed reporting for true endowments, quasi-endowments, and term endowments. The system ensures compliance with FASB and GASB standards while integrating seamlessly with other campus systems like advancement and student information.

Workday is a comprehensive cloud-based ERP platform with financial management capabilities tailored for enterprises, including higher education and non-profits, where it supports endowment accounting through fund accounting modules. It enables tracking of donor-restricted funds, investment performance, unitization calculations, and compliance with spending policies like UPMIFA. While powerful for integrated operations, it requires configuration to fully optimize for specialized endowment needs.

SS&C Advent offers robust investment accounting software, primarily through its Geneva platform, designed for endowments managing complex, unitized portfolios. It handles endowment-specific functions like unit value calculations, donor-restricted contributions, spending policy compliance, and multi-asset/multi-currency accounting. The solution integrates seamlessly with portfolio management tools, providing real-time reporting and regulatory compliance for institutional investors.

Charles River IMS is a comprehensive enterprise investment management platform from State Street, offering front-to-back office solutions including portfolio accounting, order management, compliance, and risk analytics. For endowment accounting, it supports multi-asset class tracking, performance attribution, and general ledger capabilities suitable for institutional portfolios. While powerful for large-scale operations, it requires configuration for endowment-specific needs like unitization and spending rule compliance.

Clearwater Analytics is a cloud-native investment accounting and analytics platform designed for institutional investors, including endowments, offering automated reconciliation, NAV calculations, and multi-asset class accounting. It supports complex portfolio management with performance attribution, risk analytics, and compliance reporting tailored to endowment needs like unitized accounting and spending policy adherence. The platform integrates data from thousands of sources for accurate, real-time insights, making it suitable for large-scale endowment operations.

SimCorp Dimension is a comprehensive, end-to-end investment management platform tailored for institutional investors, including endowments, offering robust portfolio accounting, trade processing, risk analytics, and compliance tools. It excels in handling complex, multi-asset portfolios with features like unitized fund accounting, total return calculations, and UPMIFA-compliant reporting essential for endowment management. The platform integrates front-to-back office functions into a single system, enabling real-time data visibility and automated workflows for large-scale operations.