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Project Repat: Alumni Social Enterprise

In this post EverTrue is proud to highlight a startup of social enterprise called Project Repat. Project Repat upcycles excess t-shirts into fun, fashionable, and functional products while creating fair wage employment opportunities. This post comes from their President, Nathan Rothstein.

When I graduated from Umass-Amherst in 2006, I joined AmeriCorps and did a year of service in New Orleans. I was from far the Pioneer Valley, but the Umass alumni network still kicked in. There was a fellow alum working for the same non-profit, and a few other recent Umass grads joined AmeriCorps over the next year, and after seeing my name in the paper, a retired University of New Orleans professor invited a few young Umass alumni for brunch at Commander’s Palace. When students from Umass came to New Orleans to do service work, we helped them find places to work and people to meet with to learn about the different challenges and opportunities in post-Katrina New Orleans. Over the next few years, more students came for alternative spring break, and as more networking opportunities became available to newcomers, more Umass students moved to the city.

When you go to a large school like Umass you learn how to interact with diverse groups of people and navigate your way through the bureaucracy of a large institution. Like being in a new city without a familiar network, arriving at a school with over 20,000 students can be daunting, but it is those personal connections that you develop that help you find your way and make it easier to adapt to new and challenging situations.

In a competitive job market, where more college graduates find themselves out of work than ever before, developing those personal connections through your alumni network become even more useful. A company like EverTrue that helps a community of alumni rehash old connections and make new ones is vital, and at Repat, we want to become a complement to the networking opportunities that EverTrue provides.

Each year for reunion, colleges spend millions of dollars on apparel and gifts that are given out to alumni that attend the event- but what if those gifts could help spark conversation, re-live memories, and create jobs in the USA?

We are launching a program for reunion committees to use bags made from their school-themed second-hand t-shirts as the gift for each attendee. All of our bags are made at a worker-owned cut and sew enterprise in Morganton, NC where the employees are making a fair and living wage, and every bag produced is equal to one hour of fair wage work in the US. While the bags are made with, for example all UMass t-shirts, each one is unique. Imagine a reunion where everyone is walking around with a durable double-layered t-shirt bag that are made in the USA. The bags also provide a quick way to begin a conversation, and can spark further conversation and memories based on the t-shirts on each bag. We can then give a figure to your class about the number of fair wage hours of work you created by making this purchase and the number of t-shirts you prevented from being dumped in landfills. At the end of the day, we want you to help create a unique reunion experience that stands out, and make a strong economic impact with your purchase.

If you are interested in learning more, you can email me at nathan@projectrepat.org.

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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