EverTrue is Excited to Partner with Bain Capital Ventures

Brent Grinna
03/22/2013

I founded EverTrue in 2010 after spending many hours serving as a volunteer for my alma mater. I didn’t know where it would lead, but I believed that there was an opportunity to bring new technology to advancement given the rapidly changing mobile and social landscape.

We planted our flag in the Boston startup community and participated in TechStars, MassChallenge and we made the Innovation District our home. We’re excited to be working with over 100 leading schools and colleges and we’re grateful for the support and constructive feedback you’ve provided us along the way.

But we’ve got a long way to go if we’re going to solve some of the big challenges in advancement. We need to further develop our platform and build our account management and support teams.

I’m excited to announce that EverTrue is partnering with Bain Capital Ventures in a new round of funding. This means we’ll be able to further invest in our vision to reimagine education fundraising.

Here are a few of the reasons we’re thrilled to be working with Bain.

1) They understand data. Bain Capital Ventures invested in LinkedIn prior to its IPO. They understand why we’re so excited about the potential for platforms like LinkedIn to power the next generation of non-profit fundraising technology.
2) They demand excellence. We are united in our vision to build a company that offers both quality products and amazing customer service.
3) They’re volunteers, too. Bain Partner Mike Krupka is joining our board. Mike has been a long-time volunteer and class fundraiser for his alma mater, Dartmouth College. Like us, Mike is passionate about utilizing new technology to create new opportunities in advancement.

I’d like to offer a special thank you to my team members at EverTrue. They have each taken a chance on me and they are investing their careers in helping you accomplish your goals. We have many more questions than answers, but I’m hopeful that with continued collaboration between your teams and ours, we can build something special.

Please reach out to me any time at brent@evertrue.com if you have questions, concerns or ideas for the future.

Ever True!
Brent Grinna

p.s.

For more information on our funding announcement, see the following article on TechCrunch.

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:

Webinar: Building a Seamless Relationship Between Endowment Finance and Advancement. In this webinar, we cover the keys to un-complicating your institution’s financial endowment reporting process. Explore how building a connection between your finance and advancement teams can lead to happier donors and happier staff.
The Best Alumni Management Software Solutions in 2026. Alumni management software allows your university to maintain an active community that supports your school in a number of ways. Review top software solutions.
Donor Segmentation: How Organizing Donors Boosts Retention. What is donor segmentation, and how can you use it to boost retention? Learn the need-to-know information in this guide from EverTrue’s fundraising experts.

Less stress, higher endowment funds. Discover how Balance provides the organization, security, and accuracy your endowment needs. Request a demo.

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