The Fund and Account Tracking System (FACTS) monitors pooled investments and allocates earnings and fees from the pool among participant funds. It is designed for organizations that have multiple funds or other distinct financial entities, and combine their assets to gain economies of scale for investments.

The number of FACTS pools a foundation can manage is unlimited. A FACTS pool can be invested in one or many investment vehicles. Any number of funds can form a pool, and a fund can invest in more than one pool. The FACTS module maintains balance and activity records for each participating fund.

Use FACTS independent of General Ledger, or tightly integrate with it. Each fund participating in a pool carries a General Ledger asset account that tracks the fund’s market value in the pool. Debits or credits to this account create fund-level transactions in the FACTS module, representing deposits or withdrawals from the pool, which buy or sell units in the pool on behalf of the fund.

Transactions are dated, so the system recognizes the change in a fund’s total units in the pool from the day of the transaction. During FACTS reconciliation, transactions are confirmed against the statement. New values (gains, income, and fees) then are entered, and FACTS allocates them among each participating fund.

Module Overview

FACTS Features and Benefits

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