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A Day in the Life of a Fundraiser – Martha Hargrove

We’re working with all different kinds of institutions at EverTrue, from Higher Ed rockstars like Colgate University to Pre-K through grade 9 schools like Fenn School in Concord, MA. All of them have at least one thing in common: building relationships is at the core of what they do. And it’s at the core of what we do here at EverTrue, too with both our GivingTree software and our Community app.

Martha Hargrove, a leadership gift officer at Albuquerque Academy, has been extremely successful in the short amount of time she’s been in advancement. In the past month and a half, she’s shared considerable wins, and I decided to pick her brain to find out how she’s doing it.

 

MN: Hey Martha, thanks for speaking with me! Tell me a little about yourself pre-Albuquerque Academy.

MH: After attending public schools in Dallas, I got a degree in Spanish from the University of Texas at Austin. While I was a student, I started working in the music industry, initially focusing on promotion, publicity, and booking. I gained my first nonprofit experience back in Dallas managing a small baroque orchestra. I missed rock ’n’ roll almost immediately, so I moved to New York City, where I worked full time in music management and earned a Master’s degree from NYU. After completing my second degree, I began to think seriously about making a career move that would allow me to have a positive impact on the world. My uncle Brian introduced me to (my now boss) Jeff and Albuquerque Academy around that time. Education is central to the health and hope of our nation and a personal priority. So…here I am! It was a natural fit, and the right moment to make a change.

MN: How long have you been at Albuquerque Academy?

MH: I’ve worked with Academy for a year and a half.

MN: And what made you accept the lifestyle change…New York City to New Mexico?!

MH: I was really stressed in the City and worked many late nights. New Mexico is one of the most impoverished states, and education is central to change—how amazing to be a part of that mission! It’s also the nicest climate I’ve ever experienced, and the landscape moves me on a root level. It’s the Land of Enchantment, you know…

MN: What’s the most exciting part of what you do at Albuquerque?

MH: Helping to grow our donor base is what excites me on a day-to-day basis because it’s easy to see the material effect of my work. More widely though, I’m thrilled and honored to be part of the institution’s first capital campaign.

MN: What does a typical day look like for you when you’re not on the road?

MH: 70% of my day is planning and researching, and the other 30% is spent on existing office projects. When I’m checking email and my calendar and notice that there are empty days in the coming week, I’m always looking to book them. If I have to make a meeting last-minute, I’ll re-engage a warmer prospect, but if I have more time to arrange a meeting, I pull up GivingTree and start finding new people to engage.

MN: Do you use other tools in addition to GivingTree?

MH: We use Target Analytics and Senior Systems, which have lists we’ve already built and stored information (event attendance, etc.). I know there are people missing on these lists, and that’s when I turn to GivingTree. For example, I’m headed to Seattle in a few weeks, and GivingTree helped me identify four people who have not been cultivated, but all four are really good prospects.

MN: What makes a really good prospect?

MH: A really good prospect is someone who has shown they have both the capacity and propensity to give. This means they make regular gifts to the Annual Fund, attend events, and now with GivingTree, we can see if they engage with us on Facebook. Facebook engagement is like the cherry on top because I know they’ll be excited to talk to me about something going on at the school right now.

MN: What advice would you give to other fundraisers?

MH: It can be intimidating to call someone who you feel is wiser, smarter, more successful, etc., especially if you don’t know the person. It’s not like you’re asking them on a date (even though it can sometimes feel that way). We have a purpose, and that purpose is tied to the school’s mission. If I remember my purpose every step of the way, I’m going to feel good about the interaction. When a person agrees to an appointment, they’ve validated my purpose.
Most of the time people want to talk to me; they’re flattered to receive personal attention. This kind of response helps me go after the right prospects — the ones who want to give. That’s second. Spend time with people who show you they want to give. I keep in mind that there can be a million different asks, and those asks aren’t necessarily monetary. An alternate email address, a close friend’s telephone number, or a volunteer job all serve the school and help with the engagement bottom line. I feel successful knowing that I walked away with something tangible, something that will ultimately support our mission.

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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