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Pledgemine joins the EverTrue family!

EverTrue+Pledgemine blog

Cue the confetti… Pledgemine has joined the EverTrue family!

This means EverTrue customers have access to upfront data enrichment and smart segmentation, PLUS personalized outreach through video, text, email, and now direct mail, PLUS the ability to attribute donors, dollars, and pipeline to outreach campaigns.

And to complete the virtuous cycle, when alumni are surprised and delighted by authentic and personal outreach, all of those engagement insights flow back into EverTrue to power the next personalized outreach campaign.

This is the future of fundraising. Tune in!



 

On this special episode of the RAISE Podcast, Brent gets to know our newest EverTrue colleague and the founder and managing partner of Pledgemine, Todd Moxley. 

Here’s the thing: for much of EverTrue’s history, we have been evangelizing new… well, everything. New concepts, new strategies, new approaches for building relationships with donors. 

Direct mail is one engagement method that is used at every single organization that we work with. And while direct mail is a new channel for EverTrue, it’s certainly not new to our customers. If you work in advancement and you’re reading this, you’re already investing time and resources into direct mail efforts, and have been for a long time.

As much as we’ve been champions of digital, social media, and video at EverTrue, we had to dig in more to the world of hard-copy printed mailings . And so we started asking our advancement friends… why do you continue to invest in direct mail? What are your direct mail pain points? What would make it better? 

Here’s what we heard:

Direct mail works. Direct mail open rates can reach up to 90%. Since there’s less noise compared to digital channels, response rates are five to nine times higher than other channels. 

But… typically, direct mail is expensive, time-consuming, and impersonal. A lot of higher ed shops use disparate systems and vendors to craft direct mail messaging, pull mailing lists, design mailings, proof mock-ups, and coordinate postage. 

And Pledgemine bridges the gap. Pledgemine delivers personalized direct mail that is scalable, high-impact, and ordered on-demand. They’re a one-stop-shop for direct mail (as in, they complete all aspects of a direct mail campaign on-site with data integrity top-of-mind). They’re a true tech partner for higher ed shops around the country, not just a third-party direct mail vendor.

After years of getting to know Todd and his team, we realized that while our product offerings are different, our missions aren’t. We’re all completely committed to bringing a more personalized experience to every donor: 

  • To the 54.5% of managed constituents who received no 1:1 contact in the last year. (Source: EverTrue)
  • To the 96% of constituents with $1MM or more in net worth who are unassigned.who have never received 1:1 outreach from a fundraiser before. (Source: EverTrue)
  • To the 33% of $1k loyal annual fund donors who never received a “thank you” message after making their gift. (Source: EverTrue)
  • And to the 25% of annual fund donors who receive no stewardship at all. (source: DRG annual report)

By joining the EverTrue family, Todd and the Pledgemine team bring the direct mail arm to our insights > outreach > engagement cycle. Through our merger with ThankView last year and our recent acquisition of Pledgemine, we’re tying together the best print on-demand personalization experience with the best video stewardship experience, and powering it with the analytics engine that orchestrates those touchpoints. The personalized outreach evokes donor responses, and those engagement insights flow back into EverTrue, attributing donors, dollars, and pipeline to the campaign and powering the next one.

In Todd’s words, “It’s about how we tell a story and build a rapport with donors over time. And we have to use these different outreach tools to our advantage, at the right time, at the right pace, and in the right voice, and our combined technologies are going to allow us to do that well for our customers.”

To learn more about EverTrue’s acquisition of Pledgemine and our holistic solution to efficiently building deeper relationships with every donor, register for a webinar with Brent and Todd on July 12th. Or, read our EverTrue+Pledgemine press release here.

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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