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RAISE Podcast: Kelly Kerner, University of Georgia

On this episode of the RAISE podcast, Brent chats with Kelly Kerner, Vice President for Development and Alumni Relations and Executive Director of the University of Georgia Foundation. 

Kelly’s career has spanned small, private colleges to large, public institutions, which helps him bring a unique perspective to his work. 

 Listen to the full episode here or read on for the highlights.


 

 

Here are some highlights from the episode…

Kelly played tennis at UC Boulder and went pro for a few years. He attained an ATP ranking and played internationally for two years before retiring the racket. He says one of the best things that happened during his tennis career was a match he lost. To console himself, he headed into an ice cream shop and met his future wife. He attributes many life lessons to things he learned on the tennis court.

After a brief experience at a failed startup, Kelly took a job in athletics fundraising. He didn’t expect to stay in fundraising, but the career path fell in his lap. He “loved the mission of what we were trying to accomplish,” so after moving to Vermont, he proactively contacted Middlebury College weekly until they gave him an opportunity as a fundraiser. 

Kelly met his mentor, Terry Mayo, at Middlebury College. Terry taught Kelly that “it’s never about you” in the relationship with a donor. He felt that it was the goal of fundraisers to work with philanthropists to understand how they want to change the world, even if your institution isn’t the right place for them.

Kelly moved from an individual fundraiser into a leadership position when he went to Bates College and met another mentor, David Lawrence. The first thing he said was, “as a VP your job is not as much to raise money as it is to cause money to be raised.” This helped Kelly learn to focus on elevating the work of his team above all else. 

After moving from Bowdoin to the University of Georgia, the alumni body Kelly managed grew 10x. He believes it’s about juggling complexities on a different scale. “The work is the work,” and “at the end of the day, it’s all about people.” He prioritized hiring incredible people and building on the existing strength of the team to achieve success.

UGA created the Georgia Commitment scholarship to support the needs of students who are food insecure or homeless. They solicited a $30 million dollar gift from a foundation in Atlanta and paired it with a matching program for gifts of $50k, $75k, or $100k. This allowed an immediate scholarship to be available while the endowment grew for future use. It is a fully transformative scholarship that Kelly is proud to have been a part of.

More about Kelly… 

Vice President Kerner has been at the helm, serving as the University of Georgia’s vice president for development and alumni relations, since July 2014. In this role, he guides the entire fundraising operation, alumni relations, career counseling; he also serves as the executive director of the UGA Foundation. Under his leadership, overall giving has increased from a three-year-rolling average of $115 million annually in 2014 to more than $200 million last year. He also directed the most successful comprehensive campaign in UGA’s history, which raised more than $1.45 billion. With a focus on long-term, sustainable growth, he created an organizational structure built to increase revenue opportunities. During his tenure, the University of Georgia secured its largest single gift of $30 million, which became the catalyst for a matching need-based aid scholarship program, ultimately raising more than $90 million for need-based scholarships. Before joining UGA, Kerner served as Senior Vice President for Development and Alumni Relations and Secretary of the College at Bowdoin College in Brunswick, Maine. In that role, he reorganized the team for better collaboration and more efficiency and also introduced a metrics-driven approach to their fundraising structure. Under his leadership, individual fundraising visits, overall giving, annual giving, total number of alumni fund volunteers and the total number of alumni events all increased. Prior to joining Bowdoin, he served as Vice President for College Advancement at Bates College in Maine. There, he led a reorganization effort and significantly increased the staff. As a result, fundraising visits nearly tripled, annual giving increased by 28% and overall giving increased 46%. Kerner also held various development roles at Middlebury College and the University of Portland prior to joining Bates. He holds a bachelor’s degree from the University of Colorado, Boulder, where he was on the varsity tennis team. He achieved an international ranking in 1987 on the Association of Tennis Professionals tour. He has been married to Rachel Kerner for 33 years, and together they have a son, Colin, 25, (UGA ‘19) and daughter Grace, 21 (UGA ‘22).

Want to work with Kelly? The University of Georgia is hiring! Job postings can be seen on their website, or by reaching out to Kelly on LinkedIn.

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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