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RAISE Podcast: Maria Watson, Pomona College

On this episode of the RAISE podcast, Brent learns the difference between a “best practice” and a “next practice” from Maria Watson, Vice President for Advancement at Pomona College. Maria is a classical musician who got her first experience in fundraising as a work-study student at the University of Michigan planning their annual “Band-o-Rama” fundraiser concert. Since then, she has worked for large symphonies, small regional orchestras, a classical music radio station at Fordham, and then made the “specialist to generalist” jump to higher education where she’s been changing the game ever since. Maria reflects on her music days and shares important lessons that higher ed can learn from the arts fundraising world, as well as vice-versa insights. She also teaches us about music, motorcycles, MBAs, global supply chains, fundraising, the real estate footprint that’s required to establish a sense of community for an organization, how Pomona will reverse its donor participation trends, and many things in between. This is a good one – tune in!


 

 

Here are some highlights from the episode…

Maria trained at Interlochen Arts Camp in middle and high school. She was a classical clarinet player, and chose to attend the University of Michigan so that she could have the big-school environment combined with the feel of a music conservatory. (Side note: one of Brent’s earliest EverTrue pitches was to a few advancement folks at Interlochen. Full circle on this episode!)

Maria is a self-proclaimed Ducatista. That is, she loves to ride Ducati motorcycles. In her own words, “Everyone has different places where they find an escape.” For Maria, riding her Ducati is a quiet, meditative, relaxing place where all the white noise disappears and she just has fun. She has promised to send us a picture when she finally decides to put a donor on the back of her Ducati.

A lesson Maria has carried with her from her telethon days is that you have to move gracefully through the “nos” (and not be diminished by them) to get to the “yesses.” Because the “yesses” are out there, and they are worth it.

When Maria worked in marketing at the Brooklyn Academy of Music, the organization was searching for a Head of Fundraising and was having trouble identifying a candidate. Maria flippantly said to the president of BAM, “Why don’t I do it?” …And she did.

In an industry where many processes are old and slow-moving, Maria has been a true entrepreneur. She opened a satellite office for USC in New York City (remote work before it was cool!), built out the team, established a USC culture in the middle of Manhattan, and grew USC’s formal presence in New York from the ground up. How? By taking risks, trying out new approaches, and not being afraid to pivot after admitting that something wasn’t working.

Maria reminds us that even though most of our institutions have national and global reach, all fundraising is local. As she learned from her experience building our USC’s satellite office in New York, there is a big difference between flying to a city three times a year and building relationships with key players while living and breathing in the same city day-to-day.

Maria pursued a career at Pomona because of its academic excellence, its unique “New England” feel in SoCal, and, perhaps most importantly, because of its demonstrated commitment to diversity. Each year, about 50% of the students on Pomona’s campus are students of color. Maria is enlivened by Pomona’s recent efforts towards making every one of its community members feel not just accepted but included. She commits herself and her team to figuring out the authentic message and mission that will resonate with such a diverse alumni base and inspire Pomona alums to invest in its future.

Want to work with Maria? Pomona is hiring! Check out their job postings, many of which will be on the Major Giving and Advancement Services team, or contact Aspen Leadership Group. And connect with Maria on LinkedIn – she is awesome.

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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