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Alumni Identity: Meaningful Volunteer Experiences Are Best, But Far Too Few

Volunteers care more about your institution than anyone else.

And you have more volunteers out there than you think.

Research into alumni identity has confirmed what is already well established in the literature (seminal work by Weerts & Ronca, 2007, 2008) and in the day-to-day work of advancement shops across the country: alumni volunteers are the best and most loyal donors.

But there’s a problem.

Colleges and universities offer limited volunteer opportunities for graduates and, at least in databases, count alumni as volunteers only if they participate in an institutionally-sanctioned volunteer opportunity.

This practice severely underestimates the number of highly engaged alumni who volunteer in support of their school. Beyond the board service, mentoring, recruiting, fundraising, and speaking opportunities that institutions tally as volunteering, there is a plethora of other activities that alumni undertake and perceive as volunteering for their alma mater.

In a survey of undergraduate alumni at a mid-size, Jesuit university on the West coast, several participants who were not coded as volunteers in the institutional database self-reported as an active volunteer for their alma mater (Dillon, 2017). What makes a graduate feel like a volunteer?

One alumna put it this way:

I’m still teaching and coaching and talk about [school name] to my students all the time. I wore my sweatshirt to school yesterday!

Similarly, an alumnus reported:

My family is very big on volunteering and we do this heavily in our community. Since I moved away from campus, it is almost impossible for me to volunteer unless there is something hosted near my area, but I do what I can for [school name].

These responses reveal a gaping hole in high education fundraising strategy.

Colleges and universities lack mechanisms to track alumni who think of themselves as volunteers and to recognize volunteering outside of established institutional programs.

Advancement organizations are missing the chance to cultivate, solicit, and steward a large population of graduates who demonstrate the highest levels of connection and engagement with the school.

The opportunity cost (to borrow a for-profit phrase) is staggering.

When it comes to influencing alumni identity—which is both a measure of engagement and a predictor of giving—nothing is more influential than volunteering (see the third post in this series).

Study participants who volunteered for their alma mater reported an average alumni identity score of 58.67, far greater than the average score of all participants, which was 50.18 (Dillon, 2017). And with every additional volunteer opportunity completed, a participant’s average alumni identity scored increased steadily (see figure).

Alumni Identity Score Tied to Volunteer Opportunities

Put this all together and the implication is clear. If increased alumni identity is associated positively with an inclination to give, and volunteering and number of volunteer opportunities completed are the factors that influence alumni identity most, it follows that…

Advancement shops could increase return on investment of annual and major gift fundraising efforts by identifying and appealing to all alumni volunteers, including those that serve in informal ways.

But aren’t some volunteer activities more valuable than others?

Sure, maybe from an institutional perspective, but not in the eyes of graduates themselves.

From the board member to the teacher who fills her classroom with pennants from her alma mater, both alumni think of themselves as volunteers, and that’s what matters because volunteering is a great indicator of increased alumni identity and inclination to give.

Of course, not all alumni will feel like volunteers, so what are some other ways that a graduate’s feelings of connection can be leveraged to increase annual and major giving? How can the social psychology behind alumni identity be used to fill the donor pipeline when wealth screening and predictive models fall short?

Here’s a hint at the next post in this series: alumni identity scores are far better at predicting giving than recency, frequency, and monetary (RFM) models.

Join me as we explore these and other questions. Subscribe to the EverTrue blog and we’ll continue to post updates on this series.

Click here to go to part 5 of our alumni identity series.

Click here to see how EverTrue empowers your fundraising volunteer program with better access to data and powerful mobile tools.


Read Dr. Jay Le Roux Dillon’s entire series on alumni identity.

Part 1: Are You Missing Advancement’s Most Important Metric?
Part 2: The Story Behind Giving Has Little to Do With 1s and 0s
Part 3: Digital Engagement ≥ Event Engagement? Yes.
Part 4: Meaningful Volunteer Experiences Are Best, But Far Too Few
Part 5: Data-driven Prospect Discovery Needs to Include Graduate Feelings of Connection
Part 6: Raising Alumni Identity Raises Dollars


Need more? Connect with the author:

LinkedIn
Twitter @jayldillon
www.alumniidentity.com


Dr. Jay Le Roux Dillon is a social scientist and higher education advancement executive whose research focuses on broadening and measuring institutional value and impact among college and university alumni. He has served as Director of Alumni Engagement at the University of San Francisco and as Executive Director of Alumni Strategic Initiatives at UCLA. Jay is dedicated to improving philanthropy through data science in order to bring social justice and equity to education. He holds a doctorate in organization and leadership from USF and a master’s and bachelor’s degree in music from UCLA. Jay is a native of Riverside, California.

Endowment Spending & Growth Calculator

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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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