New 1:many cadences with automated emails, reusable templates, and more in Signal

DonorSearch identifies prospects in your database with the capacity and intent to give.

Missed the live session? Watch our on-demand webinars anytime to get guidance from industry experts.

Alumni Connections: A Family Affair

The first thing guests saw at my high school graduation party was a blown up picture of two-year-old me in a Boston College cheerleader outfit smiling at a football game with Baldwin, the BC eagle mascot. The next thing guests saw was my father, live, in his Boston College varsity letter sweater (despite the faded yellow B and hole in the sleeve.) No one needed to ask why I chose to attend BC. Clearly, BC pride was instilled in me from an early age. Additionally, my grandfather and uncle are Boston College alumni. I am the third generation of Heavey to pass through there. When I was accepted, my dad certainly wasn’t the only one from that group sending me congratulations, and asking me for football season tickets. As the photograph showed, ingraining school loyalty had the desired outcome.

It is not surprising then, that when I learned about EverTrue’s mission to promote alumni connections and foster school loyalty, I wanted to be on board with them. Now entering my senior year of college, I understand more than ever the importance of contacts and connections made in the college years. College automatically fosters mutuality – in interests, emotions, and academics. I feel linked to my classmates. But what will happen after college?

Social networks are capitalizing on the idea of matching people based on shared interests and EverTrue is providing a space for maintaining and growing college connections. Instead of weeding through a yearly school alumni paper to see who you can get in touch with from your year, your professional field, or trying to find your long lost freshman year roommate, EverTrue presents these people TO you in an easy to use app. I was amazed when I downloaded the EverTrue app for my high school, Lawrence Academy. I clicked the “Alumni Nearby” and it showed my math partner living just a mile away from me. More than that, I can see what events are going on at Lawrence Academy and am encouraged to be a more active alum.

Communication is easier when there are common traits or past. Here, at EverTrue, that’s been proven as initial rounds of questioning my fellow employees already brought to light that one of the members of the team went to my brother’s high school; another was the hockey goalie at Wesleyan, whom another friend of mine followed; and a third graduated last year from my college. As the day continued I discovered more and more mutual connections. Now, if only I had a way to know this BEFORE I stepped into the office ….

EverTrue and alumni networks deliver a platform that encourages exactly this kind of information sharing online. It is the platform to reach out and reconnect with your school network as well as reinforce school pride. You don’t need a picture of you in a cheerleading outfit to prove you are an “EverTrue” alumni.

Endowment Spending & Growth Calculator

Enter your fund's current value and adjust the return, spending, and inflation sliders to see how its value in today's dollars changes over time.

$
6.0%
0%12%
4.0%
2%7%
3.0%
0%8%
10
5 yrs25 yrs

Value in 10 years

$0

In today's dollars

$0

4. Continue to Steward Donors

Your relationship with the donors who give to your endowment doesn’t end when you secure their gifts. Because your endowment exists to make a difference in the long term, your supporters will want you to keep in touch about its progress. Ongoing stewardship means keeping donors updated about your endowment’s performance and impact. A report that strengthens your relationship with donors should cover:
  • The fund’s balance at the start and end of the year
  • Spending amounts and allocations
  • How the fund’s returns compare to your investment targets
  • A short narrative detailing the specific impacts the endowment achieved
Create a report for each endowment rather than sending an identical document to everyone. A donor who endowed a scholarship wants to hear about the students it supported, while a donor who endowed a building fund wants updates on construction projects.

5. Upgrade Your Endowment Management Tools

Your endowment management tools should make applying your spending policy across every fund easy. Investing in dedicated software is especially useful as your endowment grows. Handling unitization in spreadsheets might work for a few funds, but as you begin to manage dozens or hundreds of gifts, dedicated software can save your team time spent manually calculating gains and losses for each one.

Why Nonprofits Need Dedicated Endowment Management Software

Dedicated endowment software brings accuracy and consistency to every part of the management process, from tracking individual funds to improving security. See how these solutions compare to a spreadsheet-based approach: nfographic table outlining the information below.

How These Methods Compare:

In managing your endowment with traditional spreadsheets, you may see:
  • High administrative burden: Manual entry across disconnected systems
  • Limited security and audit footprints: Reduced version control and audit trail visibility
  • Difficulty with donor transparency: Spreadsheets provide only static data that is difficult to turn into custom results.
By using dedicated software, you are likely to find the following improvements:
  • Lower administrative burden: Automated fund tracking and calculated allocations
  • Enhanced security and audit footprint: Audit-ready reconciliation with clear tracking
  • Greater donor transparency: Connects with reporting platforms
Dedicated endowment management software keeps your organization compliant while freeing up the time your team once spent manually managing spreadsheets.

Secure Your Endowment with Balance by EverTrue

Effective endowment management begins with excellent accounting. Balance by EverTrue handles unitization, applies spending rules, and produces audit-ready reports, so your team can spend more time on the donor relationships that built the fund in the first place.
  • Turn your data into a clear picture of long-term impact. Combine accurate fund accounting with donor reporting that showcases impact.
  • Connect with the tools you already use. Pair Balance with Impact by EverTrue and ODDER by EverTrue to create and deliver compelling digital endowment reports that you can send to donors with ease.
  • Know where every fund stands in real time. Check market values, gift history, and available spending for any fund. Then, share view-only versions with your team, so everyone stays informed.
With Balance, your team can stop spending all your time on manual management and instead add balance to your endowment workflow.

Additional Resources

To learn more about managing your endowment and other ways that technology can help your organization, check out these additional resources: Less stress, higher endowment funds. Discover how Balance provides the organization, security, and accuracy your endowment needs. Request a demo.
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x