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RAISE Podcast, Peter Hayashida, UC Riverside

On this episode of the RAISE podcast, we have the privilege of learning from Peter Hayashida, Vice Chancellor of Advancement at the University of California Riverside and President of the UC Riverside Foundation. Peter grew up in a military family that moved from base to base, so he learned early on how to be adaptable, resilient, and to accept change as a natural part of life. But, as a result of all that bouncing around, he has invested in setting down his own deep roots. Peter has served long tenures at both UCLA and UC Riverside, and he has lots to say about the value of sticking it out, cultivating happiness right where you are, and becoming a deeply ingrained member of a university community.

On this episode, Peter talks about how universities’ value propositions need to adapt in response to social changes; how the first time alums hear from the school after graduation it should be a message of “How are you feeling about UCR?” or “How can we help you?”; and how our alums expect to have a donor experience that’s much closer to Amazon’s intimate, personalized customer experience (and we’ve got a long way to go to catch up to Amazon). Peter points out that we are really good at starting up new things in the advancement world, but we are really bad at letting things go. Thank you, Peter, for sharing some of the amazing new things your team is doing (virtual reality goggles to give campus tours at remote alumni events!), as well as some of the things you’re letting go (mass email appeals).


 

 

Here are some highlights from the episode…

Peter chose his alma mater after sifting through UCLA’s view book while attending public high school on an army base in Tokyo, Japan. His first time seeing campus was when he arrived for freshman orientation.

Unlike many advancement folks, Peter has not hopped from institution to institution while advancing his career. We asked him why. He thinks it may have something to do with his military upbringing, and the early wisdom that there are good and bad parts to every living situation, every job, and every community. So, we can either spend a lot of time thinking “could-a, should-a, would-a,” or we can set down roots and work to cultivate happiness right where we are.

Peter began working at UCLA after a brief stint in the financial services sector post-graduation. He interviewed for an Academic Advisor position, and he was too young, too inexperienced, and too blissfully ignorant to understand the breadth and depth of the role. Luckily for Peter, the Director of Counseling was just eccentric enough that she hired him for all these reasons. 

Once Peter began working in Alumni Relations, he realized that AR folks are…well…kind of crazy. They work early mornings, nights, and weekends, and all in the name of working with alums who already know the institution and to help them fall in love with it again. (Shoutout to our crazy-dedicated AR folks!)

Peter understands that he and his team are storytellers. And those stories need to paint a full picture of an alum’s relationship with UC Riverside, which started when they were admitted to the school.

More than half of the students at UC Riverside are first-gen. 85% of its students are non-white. 97% are California residents. And the school ranks #1 in US News and World Report on Social Mobility for its students. 

Peter acknowledges that there are many social changes happening in the country, and the value proposition of colleges and universities will need to change because of this.

About Peter… 

Peter is an experienced leader in higher education who has spent more than three decades in the University of California system. He served in a range of roles at UCLA for 19 years, most recently as assistant vice chancellor for external affairs. He was part of the team that oversaw Campaign UCLA, the largest university or college fundraising effort at the time, securing $3.053 billion in philanthropic support.

Hayashida has served since 2009 as the president of the UCR Foundation and vice chancellor for university advancement at the University of California, Riverside. UCR is a comprehensive, minority-serving, Research I institution and a national vanguard in social mobility; more than half of students are first generation college graduates and a similar proportion are from low-income families.

Under Hayashida’s leadership, UCR planned, launched, and completed the first comprehensive fundraising campaign in its history, surpassing its $300 million goal in 2020 and more than doubling the endowment. Hayashida served for five years on the Council for Advancement and Support of Education’s board of trustees and continues teaching and writing for CASE.

He holds a bachelor’s degree from UCLA and a Master of Business Administration degree from California State University, Northridge.

The team mantra at UC Riverside is “We are going to be better tomorrow than we are today.” Want to join Peter’s team? Follow him on LinkedIn. We promise you will be glad you did.

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.

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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.
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