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RAISE Podcast: Kim Nyoni, University of Nevada, Las Vegas

On this episode of the RAISE podcast, Brent breaks it down with Kim Nyoni, Associate Vice President for Development at the University of Nevada, Las Vegas.  Kim was born in Tanzania and spent his early life in Nairobi, Kenya before he made the huge leap to attend the University of Nebraska. 

His move to Lincoln, NE marked a turning point for Kim, but his belief in the transformative power of education has remained a constant theme in his life that he has carried with him since childhood. After a brief stint in the sports marketing world working for Sports Illustrated, Kim has aligned himself with life-changing educational philanthropy at UC Berkeley, the University of Missouri, and now at UNLV, where he enables social mobility by raising support for the University’s many first-generation college students. 

Kim heads up teams as a servant-leader; he motivates fundraisers to be self-driven motors who balance operational excellence with mission-driven authenticity; and he is always seeking to empower his fundraisers with new tech tools that free them up to focus on the most important aspects of their work. Kim is a “bowtie enthusiast, an avid sports fan, a passionate advocate for higher-ed advancement,” and his vision for post-covid higher-ed fundraising is an inspiring example of what’s possible. He’s also an example that one can do well and do good at the same time, PLUS he’s a stellar podcast guest. Thanks for sharing with us, Kim!


 

 

Here are some highlights from the episode…

Kim’s father was raised in a rural village in Tanzania and he did not wear shoes until he was in highschool. He attended a seminary school, was quickly recognized for his academic talents, and was granted a full-ride scholarship at Cambridge University in London. Higher education transformed his father’s life, then Kim’s, and now Kim is a dedicated steward who pays forward the life-changing gift of education through his work in advancement.

After high school, Kim was admitted to law school in Australia but instead enrolled in his undergraduate degree at the University of Nebraska. Moving from a bustling African metropolis to Lincoln, Nebraska brought some culture shock, to say the least. But in his words, Kim met some of the kindest and most supportive classmates, professors, and friends during his years at UNL.

After navigating a number of job changes throughout his career, Kim reminds us to not let the dollars be the main factor that influences a career move. Instead, focus on how the institution’s mission, vision, and values align with yours. Salary is a factor, yes, but money ultimately doesn’t compensate for the discontent if you land at an institution whose culture, end product, and means of getting there are in contrast to who you really are.

Kim often reminds his team that if they do their work for UNLV with the University’s mission as their primary driver, the revenue will come as a natural by-product. As a result of this leadership approach, he has a team of fundraisers who are 100% dedicated to UNLV’s students, and they consistently hit their operational metrics. That’s the magic!

What are the best fundraisers in the nation up to at 2pm on a Tuesday afternoon? In Kim’s opinion, they are planning out that afternoon’s phone calls and emails to folks in their portfolio who have been quite for three months. They are planning Wednesday’s follow-ups on active proposals. They are outlining Thursday’s discovery outreach, and Friday’s stewardship check-ins. Essentially, they are self-motivated “motors” who are constantly thinking ahead.

Kim points out that higher-ed has a bad habit of throwing more fundraisers at a campaign and hoping for the best. But that approach doesn’t necessarily accomplish the goal of an institution. When equipped with the right training and tools, fundraisers are very good at cultivating the major gift prospects in their portfolio. But, what about the other 98% of prospects? 

Rather than hire 30 new gift officers, Kim suggests a more strategic investment in the technology and infrastructure that can automate prospect discovery, facilitate portfolio management, scale personalized outreach deeper into the donor pyramid, and build MGO pipeline. In other words, ditch the top-heavy approach and embrace a holistic, long-term strategy.

In Kim’s eyes, we just experienced a once-in-a-lifetime universal adoption of technology. Many donors are more flush with cash than ever. There’s an even more acute need to support promising students who face financial barriers. Everyone is looking to advancement to bridge the opportunity with the gap that COVID delivered. It’s a prime recipe for optimal philanthropy work, and we don’t have years to deliberate how best to take advantage.

Want to keep being inspired by Kim? Connect with him on Twitter or email him at kim.nyoni@unlv.com.

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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