Kuali Project Receives Grant, Gains Partners
March 23, 2005
A $2.5 million grant from the Mellon Foundation and the addition of four new partner institutions were recently announced by the Kuali Project, an effort to develop an open source financial system for colleges and universities. The grant brings the total funding for the Kuali Project to $7.2 million, with eight partnering organizations guiding development of the initiative.
The new Kuali Project partners include Cornell University, San Joaquin Delta College, Michigan State University, and the University of Arizona, which have joined with Kuali Project founders Indiana University, the University of Hawaii, and the r-smart group to develop the modular financial software. As the eighth member, NACUBO will provide supporting services to the Kuali Project.
The Kuali Project is based on the proven financial system design that has been used at Indiana University for more than 10 years. Its modular design includes a base system of chart of accounts, general ledger, transactions, reporting, and workflow.
Planned additional modules include:
- accounts receivable
- capital assets management
- enhanced decision support/reporting
- labor distribution
- purchasing/accounts payable
- pre- and post-award research administration
The first Kuali modules are expected to be released in early 2006. Other modules will follow as the two-and-a-half year project completes its work in summer 2007. The Kuali Project will also release a Fiscal Officer Training Series and financial policy templates to accompany the software.
All Kuali Project software and materials will be available under the Educational Community License and can be adopted by colleges and universities without licensing fees. The open-licensing approach provides opportunities for support and implementation assistance from commercial providers, such as a recently formed partnership between the r-smart group and IBM. The r-smart group/IBM agreement will provide offerings, service, and support for higher education open source projects such as Kuali.
For more information on the Kuali Project, visit www.kualiproject.org.
- College Endowment Average Return Falls to 2.4 Percent in FY15, Endowment Spending Up Sharply
- NACUBO Urges One-Year Postponement of Changes to 1098-T Reporting Requirements
- GASB Addresses Asset Retirement Obligations and Seeks Field Testers
- 2016 Higher Education Accounting Forum
April 10-12, 2016
- 2016 CAO and CBO Collaborations
August 1-2, 2016
- 2016 Planning and Budgeting Forum
September 19-20, 2016
- WEBCAST: Legislative Lunchcast: A 30-Minute Washington Update from NACUBO
Monday, February 22, 2016 12:00pm ET
- WEBCAST: Responsibility Center Management: Two Different Perspectives
Thursday, March 17, 2016 1:00PM ET
- WEBCAST: Title IX: Key Issues Surrounding Institutional Compliance
Wednesday, April 20, 2016 1:00PM ET
- WEBCAST: The Clery Act: Strategic Planning to Mitigate Institutional Risk
Thursday, May 26, 2016 1:00PM ET
- ON-DEMAND: NACUBO Live! Results of the 2015 NACUBO-Commonfund Study of Endowments
- A Guide to College and University Budgeting: Foundations for Institutional Effectiveness, 4th ed. - by Larry Goldstein
- NACUBO's Guide to Unitizing Investment Pools - by Mary S. Wheeler
- Managing and Collecting Student Accounts and Loans - by David R. Glezerman and Dennis DeSantis