Since its inception in March of 2005, the Kuali Foundation Inc. enabled the creation of open-source software for colleges and universities. With the technological shift to Software-as-a-Service models, the original work of the Kuali Foundation is complete. The Kuali Foundation Inc. board formally ended it as a legal entity in September 2023. There have never been more colleges and universities using Kuali software than now via the Kuali Company.