STROUDSBURG, PA – OCTOBER 15, 2008 - Stellar Financial, Inc., a leading provider of web-based philanthropic management software, today announced that The Minneapolis Foundation (TMF) has successfully implemented Stellar’s iPhi CoreEnterprise® charitable operations management platform as their next generation enterprise technology solution. The deployment replaces other ancillary legacy systems, consolidating previously disparate data and processes into a singular, streamlined operational infrastructure.
As one of the nation’s 20 largest community foundations, The Minneapolis Foundation faced significant technology obstacles in maximizing operational efficiencies across a growing volume of gift, grant, accounting and investment related transactions. After extensive evaluation of existing industry solutions, the foundation turned to Stellar Financial to provide an end-to-end software solution that would add both scalability in the back-office and expand the capabilities of constituent facing applications.
”Due to the unique way CoreEnterprise captures transactional data, we have accountability and reporting capabilities throughout the business lifecycle. We believe this change will increase data quality, expand internal capacity across departments and enhance overall information tracking and reporting proficiency,” said Jean Adams, Vice President of Finance and Administration for the Minneapolis Foundation. “Ultimately we have installed a durable, long-term infrastructure that will allow us to enhance our online donor and constituent services and continue to adapt these online venues as our constituent’s needs and expectations change.”
The successful implementation of CoreEnterprise represents the critical first step in deployment of the full iPhi Suite of products. TMF is also in the process of implementing iPhi DonorView™, iPhi GranteeView™ and iPhi InvestmentPartnerView™ to provide online account and information access environments to donors, grantees and applicants, and financial partners respectively. These environments will provide seamless access to real time data resident in the CoreEnterprise back-office, and allow TMF to achieve their comprehensive vision.
“The Minneapolis Foundation has taken a large step forward in expanding the internal efficiency of its core operations thanks to both the standardized processes and workflows of CoreEnterprise and the foundation’s unique vision and goals in implementing it.” said Deborah Seal, Chief Executive Officer of Stellar Financial. “We are extremely proud of what we have been able to accomplish and look forwarding to launching the rest of the suite”
About the Minneapolis Foundation
Established in 1915, The Minneapolis Foundation is one of the nation’s oldest and largest community foundations. It manages approximately $700 million in assets, administers over 1000 charitable funds and distributes close to $50 million in grants each year.
The Foundation partners with a variety of communities and institutions; engages the community on critical social issues through public information campaigns and convenings; and offers its expertise to charitable organizations, businesses and other foundations to improve the quality of life in the region. For more information, visit
www.MinneapolisFoundation.org. The Minneapolis Foundation is confirmed in Compliance with National Standards for U.S. Community Foundations.
About Stellar Financial, Inc.
Stellar Financial, Inc. is a leading provider of integrated enterprise level philanthropic management solutions for charitable organizations. Stellar’s suite of software and services, iPhi™, provides a fully integrated suite of applications to address the core needs of modern philanthropies. iPhi™ offers powerful solutions for:
- Managing organizational web presence and website content.
- Administering core accounting, financial, transactional and reporting processes via a fully-integrated, enterprise-level, back-office operations platform.
- Providing donors, grantees, board members and financial partners with sophisticated web-based account and information access portals that interact with real-time data residing in the back-office.
Stellar software solutions power some of the largest and most well-respected Community Foundations, Religious Philanthropies and Commercially Sponsored Donor Advised Fund, Planned Giving and Endowment Programs in the nation.
The Minneapolis Foundation Contact:
Jean Adams
Vice President, Finance and Administration
E:
jadams@mplsfoundation.org
P: (612) 672-3821
On the web at:
www.minneapolisfoundation.org Stellar Financial Contact:
Alice Peebles
Director of Business Development
E:
apeebles@stellarfinancial.com
P: (518) 542-4320
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