New 1:many cadences with automated emails, reusable templates, and more in Signal

DonorSearch identifies prospects in your database with the capacity and intent to give.

Missed the live session? Watch our on-demand webinars anytime to get guidance from industry experts.

Don’t Wait for Facebook Ad Grants. There’s Something Even Better.

As we discussed in an earlier post, schools and other nonprofits can add themselves to a wait list to use the Facebook Donate button, but they don’t know if they’ll ever get it. So what’s a fundraiser to do?

Some fundraising experts have called for Facebook Ad Grants for nonprofits, a demand that existed years before the recent Donate button controversy. Beth Kanter, a fundraising thought leader, has attended several Facebook-hosted talks in the past few years that aimed to teach nonprofits how to best utilize the network.

“During the Q/A after the presentation,” Kanter blogged, “one of the most frequent questions asked has been, ‘Will Facebook be making grants to nonprofits?’ The answer is always something along the lines of ‘We are giving the platform to nonprofits to use for free.'”

Kanter—and others in the pro-Ad Grant camp—argue that’s not enough. “While adding the donation button…for nonprofits makes Facebook appear to be giving back,” Kanter wrote, “what nonprofits really need is a Facebook Ad Grant program similar to what Google offers.”

Nonprofit fundraising expert Allyson Kapin led the recent charge for Ad Grants on her blog:

There is a lot of design and user experience strategy that goes into raising money online. That’s why nonprofits spend a lot of time and resources on designing donation pages that focus on conversion rates. While it’s nice to see Facebook being charitable, having a little Donate button mixed in with all of their other features vying for users’ attention will negatively impact conversion rates.

This influx of information on Facebook that is vying for users’ attention has led the social network to make some changes. Rather than clutter a member’s News Feed with every post from every organization that member is following, Facebook is limiting this organic reach. To make sure all of your followers see what you’re posting, you’ll need to invest in paid reach through Facebook ads.

“We’re getting to a place where because more people are sharing more things, the best way to get your stuff seen if you’re a business is to pay for it,” Facebook said.

Citing limited marketing and communications budgets, many nonprofits believe that Facebook Ad Grants would be their only hope of paying for Facebook reach. A petition, now with over 3,100 virtual signatures, has circulated the nonprofit space outlining detailed suggestions for Facebook to implement in its Ad Grant program.

So far, there’s been no answer from the social media giant regarding Facebook’s grants for nonprofits. So we’ve created one. Our mobile-first app GivingTree shows your school which donors have not only the capacity but the willingness to give based on their Facebook and other social media activity. Click here to let us show you how.

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.

$
6.0%
0%12%
4.0%
2%7%
3.0%
0%8%
10
5 yrs25 yrs

Value in 10 years

$0

In today's dollars

$0

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.
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x