It’s challenging to run a foundation that oversees public scholarships and capital improvement at such an array of universities. From traditional cash donations to creative ways people support specific scholarship programs, Paloski knew MIP could account for the multiple donation sources, and she was confident it could support the foundation 10 years down the road as those assets had aged and grown.
MIP could handle the complexity of USG Foundation’s accounting needs because MIP accounts for every fund individually, and its reporting and budgeting features allow nonprofits to project how those funds will grow and look years down the road. The USG Foundation oversees several types of needs-based scholarships, and accounting for each of those individual funds was where Paloski knew MIP would shine when she introduced it to the foundation, and where it’s made a lasting mark almost a decade later.
“We have new challenges every day with the ways people are giving, and the things people are giving,” She said. “We’ve had to come up with ways to pull the information out, and as we continue, I’m very happy with it. MIP continues to meet our needs, and I know we can grow with it.”