NorthStar 500 System to Provide Integrated Fully Web-Based Solution for Community Foundation
STROUDSBURG, Pa.--(BUSINESS WIRE via COLLEGIATE PRESSWIRE)--July 23, 2007--Stellar Financial, Inc. (www.stellarfinancial.com) a provider of integrated systems for online philanthropy, today announced the signing of its newest client, Baton Rouge Area Foundation.
"Community foundations are not immune from the rapid advancements in technology and the internet," stated Kevin Lyle, a former Board Chair of the Foundation currently engaged as a consultant on this project, "and we must exploit these new tools if we are to maintain our commitment to providing our donor and non-profit constituencies with timely, high quality and meaningful services. We believe the fully integrated architecture and advanced fund and investment functionality of the NorthStar system do just that, providing opportunities for us to both improve our internal efficiency as well as deliver a strong online presence for our donors."
NorthStar 500 will be brought in as a replacement for the Foundation's FIMS back office system. When fully deployed Stellar's NorthStar 500 platform will enable Baton Rouge Area Foundation to streamline its internal operations and develop a scaled infrastructure for long-term growth.
"We have experienced tremendous growth over the last several years," commented John Davies, President and CEO of the Baton Rouge Area Foundation, "and with that growth has come the typical challenges of scaling our operations to meet the increased demands on staff and resources. But that growth is also reflective of an ever increasing need for philanthropic assistance throughout the communities we serve, and in order to meet that need we must be able to collect, process and disseminate a great deal of information, both internally, and now more than ever, on the internet. We feel Stellar's NorthStar platform is the right tool at the right time to help us manage this ever changing dynamic."
NorthStar 500 will fully facilitate all aspects of the foundation's operations including, contributions, grant processing, accounting and investment management. "We could not be more pleased with the foundation's selection of NorthStar 500 as their next generation platform," stated Deborah Seal, President & CEO of Stellar Financial. "Based on our experience in the market through Neulogic, we fully appreciate the significance of this decision on the part of Baton Rouge Area Foundation and look forward to our efforts together. We are committed to empowering philanthropy on the Internet."
About Stellar Financial, Inc.
Stellar Financial, Inc. is a leading provider of integrated philanthropic management software for charitable organizations. Its NorthStar 500 is a fully web-based solution, empowering some of the most advanced Donor Advised Fund, Endowment and Planned Giving programs in the nation. Stellar Financial clients lead the market in advanced capabilities for online engagement, administrative and financial processing and overall operational efficiency. For more information visit Stellar Financial on the web at www.stellarfinancial.com
