A little about us

ADAVICO is an independent software producer dedicated to providing clients with leading solutions for endowment fund administration including accounting, compliance, and reporting. We provide the easiest and most accurate applications to track, monitor, and disclose pooled fund activity so you can focus on your mission and enhance productivity.

Product

ADAVICO is a software-based endowment administration offering that makes it easy to track commingled fund activity, monitor donor gift instrument compliance, and maintain adherence with UPMIFA regulations and FASB disclosure standards. Our software systems increase transparency, expedite results, improve accuracy, and help your organization meet fiduciary responsibilities.

ADAVICO avoids the inherent limitations of spreadsheets by using a robust data management, accounting and reporting system offering key features such as multi-user read/write capability, input verification, internal diagnostic checks, and improved results validation. A client-server implementation model maximizes resources and software deployment efficiencies, while extensive security and backup safeguards protect client data.

ADAVICO's software is designed to benefit foundations, endowments, and non-profit organizations including arts & culture, faith-based, healthcare, higher education, and independent schools.

ADAVICO was born of an idea we first discussed in 2006. While providing investment consulting services to higher education and non-profit organizations, Chris became aware of the difficulties they encountered trying to administer pooled funds with disconnected spreadsheets, and the resulting lack of transparency this approach provided to donors and business officers. The concept continued to evolve, and with enactment of the Uniform Prudent Management of Institutional Funds Act (UPMIFA), reports and financial statement disclosures that would have been nice to have soon became a must-have. We decided to focus our efforts on building a solution and began providing services as a privately held company in 2011.