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Alumni Relations & Development in the UK

Expanding to new markets is never easy. Expanding internationally can be even more difficult. So, you can imagine our excitement when we won the UK Go For Gold Competition sponsored by the UKTI.

The Go for Gold UK competition was announced last summer at a UK-Massachusetts business forum featuring Massachusetts Governor Deval Patrick.

This trip presented a unique opportunity for us to establish relationships with leaders in alumni relations & development at a variety of institutions and organizations. We also observed some interesting similarities and differences between the UK and US advancement industries, which we note below.

Similarities:

1) Institutions were founded via philanthropic gifts.  While the tradition of giving to one’s Alma Mater isn’t as strong in the UK, it was interesting to note that many schools were founded through philanthropic gifts by donors ranging from Eton College’s King Henry VI to the £20,000 bequest that funded the London School of Economics to Cecil Rhodes’ initial funding of the Rhodes Scholarships.

2) Advancement professionals are extremely well networked!  Much like the US, alumni relations & development professionals all seem to know one another, and constantly share best practices, all supported by the leadership of Kate Hunter, Carolee Summers-Sparks and the rest of the team at CASE Europe.

3) Tracking alumni is difficult!  This was cited at each school we visited, ranging from universities like Cambridge and Oxford and independent schools like the American School of London.  Development professionals cited a constant struggle to keep traditional donor databases like Advance, Raiser’s Edge and Sage Millennium up to date.

Differences:

1) Participation rates.  There are exceptions, but the average giving participation rate at UK institutions was consistently cited at 1%-2%, versus the 10% US rate recently cited by the Council for Aid to Education.  Each school we met with emphasized a focus on establishing a culture of giving.

2) Government funding.   UK higher education has historically been heavily subsidized by the government.  This is changing in light of budget cuts to education totaling 2 billion pounds between now and 2015. Maximum student contributions have grown from zero prior to 1998 to an estimated £9,000 (~$14,000).

3) Geographic distribution of alumni.  In the U.S., it’s rare for even 30% of a school’s alumni population to be based abroad.  In UK, it was common over 50% of alumni to be based internationally, which presents a new set of challenges and opportunities for advancement professionals.

Given our focus on building mobile software that blend location with social data, we documented our entire trip to the UK through mobile apps including  FourSquare, Facebook, Twitter, Instagram, and LinkedIn.

By “checking-in” at each of the twelve schools we visited, we were able to easily take photos and leave comments that helped us document our visit. It has been fun to write this post and relive our trip.

Our first meetings of the trip were with Imperial College Business School and CASE Europe (@CASE_Europe). This was a great way to start our trip and get our bearings in the UK.

As you can see from the various check-ins and pictures, we visited Oxford, Cambridge, the Rhodes Scholars at Oxford, Oxford-Brookes, University College London, Kings College of London, London School of Economics, American School of London, and Eton College.

Are you an alum any of these institutions? We would love to hear from you!

The trip opened up  doors for us with these amazing institutions and we are grateful for everyone involved.

Follow us on Twitter @EverTrue to see if we are traveling to a school in your area…and keep an eye out for pictures and checkins from our upcoming travels!

Ever True!
Jesse

p.s. We’d like to offer special thanks to the UKTI team: David Hughson, Joanna Manwell, Matthew Campion and Consul-General Phil Budden. We are proud to be the first UKTI Go for Gold 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.

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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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