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RAISE Podcast: Dale Wright, University of Illinois at Urbana-Champaign

On this episode of the RAISE podcast, Brent learns from Dale Wright, Associate Dean and Chief Advancement Officer at the Grainger College of Engineering, University of Illinois at Urbana-Champaign. Dale talks about his journey from a rural upbringing in Kennett, Missouri to a life-altering experience in the Boys State program, to induction to the secret Mystical 7 society at Mizzou, to his experience with the Homecoming Committee that launched his advancement career. Dale reflects on the privilege of working as a young fundraiser with Jim and Cathy Brazeal who established the Brazeal Honors College Endowed Diversity Scholarship Fund. Together, they worked to not only improve the diversity of incoming students at Mizzou, but to improve the experience of diverse students. Brent has been following Dale on LinkedIn ever since he shared a heartfelt invocation of Dr. Martin Luther King, Jr.’s “The Drum Major Instinct” sermon last June. Thank you, Dale, for sharing your voice and your vision as a true Servant Leader on this episode of the podcast.


 

 

Here are some highlights from the episode…

Dale was elected as Mayor of a Boys State program during his junior year of highschool. The one-week experience gave him life-changing confidence and the affirmation that he could return back to his rural hometown and dream big for his post-graduation life.

When Dale landed at Mizzou, he recognized and connected with other students in Boys State shirts and began to realize the importance and value of cultivating networks. 

As a senior at Mizzou, Dale was elected as a member of the “Mystical 7”, a secret society of seven students dedicated to doing good work underground to make Mizzou a better institution. 

Dale agrees that magic happens when people can get in the same place with each other. BUT, he also agrees that the days of Low ROI development officer travel (i.e. an expensive trip to a far-off city to conduct discovery visits) is now a thing of the past. There are meetings that can be done better, more efficiently, and more effectively via Zoom. Looking ahead, a hybrid approach will be the name of the game. 

Dale started off in advancement on the alumni relations team. He thanks his alumni relations experience with his deep and broad knowledge of Mizzou. As he points out, as an alumni relations officer, you have to be an ambassador for the whole Mizzou experience: for alumni parents of prospective and admitted students; for young alums in need of career counseling; for experienced alums looking to give back; and for every alum and friend of Mizzou in between.

Dale is a champion of perpetual stewardship. He walks the walk of stewarding donors before, during, and after a donation is made.

Dale describes gift officers in 2021 as the conductors of the orchestra. They can and should fold seamlessly into the donor relationship the Dean, the athletic director, the student athlete, the clinic director. All of this can be conducted even more smoothly with the help of Zoom. In this way, the gift officer can ensure an abundant network of connections with a donor. (And a side benefit of building this network is ensuring that the donor relationship can continue even in the event of gift officer turnover). 

Dale has been empowered in his career to be innovative with his teams by asking, “What would happen if…?” 

Dale agrees that we are in a unique moment in philanthropy in which the capital available for impact is more than ever before. Over the past year, there has been tremendous wealth creation in certain sectors, and it’s taken place in concert with social justice, a pent-up desire for impact, and the realization that wealth can be used to solve big problems.

Want to work with Dale to solve some big problems? The University of Illinois is hiring! Connect with him on LinkedIn.

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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