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Tips on Creating and Executing a Successful Class Agent Program

As a team of alumni volunteers we appreciate a well-oiled class agent program. We also realize that it is important to identify how class agent programs play a role in advancement evolution. Lori Wineman’s presentation on “Creating and Executing a Successful Class Agent Program” at Occidental College precisely tackles the type of return an institution can experience by turning static reunion gift committees into enduring relationships with class agents.

The Benefits of a Class Agent Program

By implementing a class agent program Occidental saw a 2x increase in reunion fundraising, a transition from regular to leadership giving, increased annual fund participation and an “exponential rise” in event attendance. Lori also clearly builds out in her presentation how mobile and social have catapulted a new reality of alumni communications. Nearly every alumnus is capable today of leveraging their network to make the ask, and all it takes is just a few seconds. In addition to the making the most of the mobile and social boom, Occidental’s class agent movement also provides proof that an effective class agent program helps advancement teams maximize on reunion.

Elements to Building a Class Agent Program

An essential element of building a class agent program is letting class agents take ownership in their fundraising. Whether an alumnus develops their own Four Factors to Reunion Campaign Success, or writes copy in their own style as seen on Slide 12 below, a class-specific perspective can make a major difference in relationship building. In addition to giving class agents some freedom, Lori also states the importance of keeping them informed, identifying tools and to providing them some helpful guidance as to what their role is with some basic training. Lastly, as always, cultivating donors, making it fun and rewarding class agents (we suggest a tasty local treat!) is a critical component.

Check out the presentation below for a comprehensive take on “Creating and Executing a Successful Class Agent Program”:

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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