Funds are pools of pledged income with a shared purpose. Fund Management allows funders to track their planned (committed) and received income, as well as obligated awards and payments, over the life of the fund as it supports awards and opportunities.
With Fund Management, users can follow the cash flow from the fund's income source to the award and view available and actual amounts for the fund and income sources. Awards may be created out of funds to indicate which organizations receive funding. For clients with the Competitive Award Management module, funds may also be used as funding source for an opportunity.
Take a look at this quick video tutorial to learn more about creating a fund, adding a fund commitment and adding income to your fund.
Fund and Competitive Award Management are an add-on modules to basic Full Cycle subscriptions. Please reach out to the Customer Success team for more information.