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RAISE Podcast: Gregory Perrin, St. Edward’s University

On this episode of the RAISE podcast, Brent chats with Gregory Perrin, Associate Vice President of Development and Alumni Relations at St. Edward’s University. He is also joined by a special guest, EverTrue’s own Jessica Frey, for a conversation about diversity, equity, and inclusion. Gregory is an accomplished fundraiser who is also an actor, artist, and a former ROTC member. He has fundraising efforts and teams in the arts world for the Houston Grand Opera; in the healthcare world for the AIDS Foundation; and in higher education at UT Austin and now at St. Edward’s. One constant throughout his personal and professional life has been his commitment to ensuring that diverse folks thrive in their environments through the support of equitable policies and inclusive and welcoming teams. As Gregory reminds us, when we feel like we belong somewhere, we blossom. Gregory and Jessica share their insights on the daily work that’s needed to uphold DEI in our circles; how important it is to unravel the systemic racism that is embedded in the foundation of many hundred-year-old colleges and universities; and how newer companies have a chance at building a different kind of foundation, one that is inclusive and diverse from the get-go. Thank you, Gregory, for sharing your wisdom with us.


 

 

Here are some highlights from the episode…

One of Gregory’s early professional dreams was to become a Civil Rights lawyer. Thurgood Marshall is one of his idols.

Gregory has an undergrad and grad degree in Theatre. One of his favorite roles was playing a wise man in a rendition of Comedy of the Errors set in the 1960’s. The Costume Director got creative and dressed him a-la Jimi Hendrix. (*Ahem* Still waiting on photographic evidence, Gregory.)

A mentor from Gregory’s MFA program gracefully guided him away from his fantasies of performing on Broadway, and towards Arts Management and fundraising. Her guidance was one of the best gifts he’s ever received.

Well-paying internships are so important. They are the on-ramp that brings new and diverse talent into the field. Where are the internships that bring amazing new voices into advancement (and offer competitive salaries)?

The best teacher of all, Experience, has taught Gregory the important difference between public recognition and expressing genuine gratitude.

Gregory points out that you can’t have diversity and equity without inclusion. And if a group of people or organization is truly inclusive, it will naturally welcome diversity and champion equity.

The original founding and founders of a company determine the organization’s long-term diversity. In the startup world, how can we give folks from underrepresented backgrounds greater access to seed funding and investors? In the higher-ed world, how can we work diligently and intentionally to unwork the systemic racism that played a big role in founding many of our beloved colleges and universities over 400 years ago?

As in all deep and complex work, there is a spectrum ranging from intentions to outcomes. We all need to continue to move from positive intentions to increase DEI in our personal and professional spaces, towards bottom-line outcomes that put the intentions into practice.

For all of us, it is important to see our genuine selves represented in leaders that we admire. This is why it is so imperative to increase diversity among organizational leaders across all sectors. 

Want to get in touch with Gregory or Jessica? Gregory can be reached on LinkedIn or by email at gperrin@stedwards.edu. Jessica can be reached on LinkedIn or by email, too, at Jessicafrey@evertrue.com.

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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