The Michael & Susan Dell Foundation recently announced the formation of a subsidiary for its data-driven solution that's expected to improve education throughout the United States. The Ed-Fi Alliance is a nonprofit that will provide teachers with real-time insights about student success by breaking valuable data out of silos and parsing them together. 

The Ed-Fi initiative was first launched in 2011 and licensed for free by schools in Texas, Tennessee, South Carolina, New Mexico, Kansas, Delaware, Colorado, Arizona, Arkansas and Louisiana. 

"Currently, 36 percent of K-12 students and 39 percent of teachers are poised to benefit from Ed-Fi-enabled solutions, which are free under license. We expect the Ed-Fi solution to help even greater numbers of students in the next two years," said Janet Mountain, executive director of the Michael & Susan Dell Foundation.

Education is one of the Dell family foundation's primary focuses in the U.S. Through this effort and others, the organization aims to close the achievement gap by giving teachers access to data that can help them better serve students, giving parents better options when it comes to picking quality schools and providing low-income students with enhanced college preparation programs. 

Foundations and organizations that provide annual support and funding might benefit from nonprofit accounting software, which can help board members audit funds and make sure the correct amounts are being distributed to various programs each year.