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Successful Alumni Storytelling Through Video: "Fueling Innovation" at IIT

Recently, a few members of the EverCrew went out to the CASE Summit in San Francisco, where we engaged in all the latest trends in institutional advancement, especially in technology and social innovation.

Clearly, one of the things we’re known for at EverTrue is our fashion sense

One of the best parts of the weekend for our team was learning about the 2013 Circle of Excellence Awards Winners, which honors exemplary programs in all disciplines within advancement.

One winner that blew us away was the Illinois Institute of Technology, which won a Grand Gold Award for its fundraising video, “Fueling Innovation: The Campaign for IIT”.

The video, produced by Madhouse, is some of the best work we’ve seen in institutional advancement, and since it’s recent release in February it already over 7,000 views on YouTube.

It’s so successful because:

  • it has a unique style that draws the viewer in

  • the production values are incredible and augment the video’s content

  • it has a clear message and intended audience

Planning an Alumni Brand and Setting Objectives

We were so wowed by the video that we reached out to Lisa Notter, the Senior Director of Advancement Communications, Events, and Stewardship at IIT. When she told us about the origins of the video, she stressed the importance of setting specific objectives whenever considering a new social media strategy.

“Our goal was to create a communication that would inspire philanthropy and involvement in our campaign,” she said. “Our campaign doesn’t just have a monetary goal; we have a goal of increasing alumni engagement and helping to find the next generation of volunteers.”

The video marked the launch of the Fueling Innovation fundraising campaign, which aims to raise $250 million, and Notter stressed the importance of nailing down the branding of the campaign prior to beginning any talks about video production.

“We had already worked for months identifying our brand, and we planned to express our message through stories about students, alumni, and faculty who had developed world-changing inventions,” Notter said. “We went through an exhaustive process of selecting vendors, and we really liked the approach of Madhouse. Then, we really tried to educate them on the Fueling Innovation brand positioning.”

Strategies for Promoting an Advancement video

According to Notter, the effects of the video were more than her team could have ever expected.

“We debuted it a big event with our top donors and trustees on February 7th,” she said. “It was the first time we had shown the video and one of our trustees stood up in front of everyone and cheered really loudly. And it wasn’t that type of event, where you would do that – so we knew we were on the right track.”

But that first big launch isn’t enough. In order to most effectively promote a video or another piece of innovative content, an advancement office needs to constantly brainstorm creative ways to generate the most engagement possible. For IIT, the answer was simple: events.

“We’ve used it at all of our campus and regional alumni events throughout the country,” she added. “And our admissions department has used it – they’ve taken it to China, around the world. We’ve really gotten our money’s worth out of the video, because it’s being used in all sorts of ways that we didn’t even imagine.”

IIT’s technique is one that we often see repeated by some of the most successful alumni offices – if you’ve a great piece of content or a new initiative, make sure to share it constantly and throughout your programming, so you get the maximum return on investment.

For Notter, the video’s effects are just starting to be seen.

“We’ve still got until the end of 2016 for this campaign,” she said. “Obviously we’re not going to show it to repeat audiences but there’s still a lot of secondary regions where we haven’t shown the video to yet. We even pass it out on thumb drives sometimes at events. We’re really pleased with the reaction we’ve gotten from the community, and that’s what counts.”

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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