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5 Reasons Why We’re Excited to Attend bbcon 2015

This October, the EverTrue team is heading to bbcon 2015, the largest annual gathering of Blackbaud users. This is quickly becoming one of our favorite conferences of the year, and we’re especially looking forward to being in Austin, TX for this year’s event. Here’s why.

1. We love seeing our customers.

With more than 350 customers, and with over 70% of those using a Blackbaud product, we know that we’ll have lots of old friends in Austin. We love catching up with our customers and, if you’re one of them, we hope you’ll stop by Booth #928 to say hello, update us on your successes, and see what’s new at EverTrue.

2. While we love our .edu customers, we also get excited talking to other nonprofits about their work.

While our focus at EverTrue has historically been on the higher-ed and independent school side of philanthropy, we’ve come to realize that other nonprofits share many of the same challenges with accessing data, knowing who and where their constituents are, and understanding those constituents’ current interests in the organization. We’ve begun partnering with zoos, health care and human services organizations, public broadcasting stations, and museums, and we love that they are seeing similar successes with our GivingTree platform.

3. We love frontline fundraisers, but we get just as jazzed up talking to people who understand the data behind the fundraising.

We spend a lot of our time speaking with gift officers and advancement leaders because they go to the most conferences and are often the most active users of GivingTree. But we know that the folks who attend bbcon are more on the advancement services and database management side of the house—and advancement services knows better than anyone that bad data, and difficulty accessing data, can hinder the fundraising process.

EverTrue’s Jesse Bardo, Brent Grinna, and Courtney Camps hanging out with a Dolly Parton impersonator at bbcon 2014 in Nashville.

4. We love understanding how nonprofit teams are using their CRMs.

As a Blackbaud Technology Partner, we are committed to helping our customers make the most out of the critical institutional data that lets them connect with and solicit constituents. We grow as a company when we understand how fundraising teams use their existing data and how, in an ideal world, they would maximize their fundraising opportunities. Nearly all of the advances we have made have been achieved by working with our customers to understand what would make them better.

5. I mean, seriously, have you tried to get really good barbeque in Boston?

We can’t wait to see you in Austin! But if you stop by our booth and we’re not there, there’s a very good chance you can find us at la Barbecue. The brisket’s on us.

To set up a meeting with me or another EverTrue representative at bbcon 2015, please contact sales@evertrue.com.

Jim Zimmerman is the Chief Evangelist at EverTrue and previously spent three decades in advancement. You can connect with him on LinkedIn or on Twitter.

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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