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RAISE Podcast: Stephen Rodriguez, Brandeis University

Stephen Rodriguez Brandeiz

On this episode of the RAISE podcast, Brent talks with Stephen Rodriguez, Associate Vice President for Development at Brandeis University. Stephen shares his experience playing saxophone on a cruise ship, taking 200 dives in 18 months to get his scuba diving cert, and the path to his first job in development.

Other topics on the menu are: Cryptocurrency. Blockchain. NFTs. (Are they the keys to making philanthropy more efficient and sustainable?) Also: How to make money off the things that genuinely interest you, and how to break presentation mode and get into listening mode with your donors.

Catch the full episode – plus some highlights – below.


 

 

Highlights from the episode…

“Education has always been at my core.” Stephen’s philanthropic career began early when he and a childhood friend sold candy to raise money for new library books. Later on, Stephen continued on the fundraising path and became a student caller at Lawrence College. 

“I realized that, even if music wasn’t my profession, there was a way to make a big difference for things I care deeply about.” After grad school, Stephen played saxophone in a band on a cruise ship. After a year on the boat, he decided that he wanted music to remain his passion, but not be his profession. Accepting a job as a Development Coordinator at Berklee College of Music aligned his love for music with a meaningful career path. 

“Turn off presentation mode and turn on your ears.” Stephen stresses that being in presentation mode with donors is dangerous because it doesn’t leave room for you to ask questions and – most importantly – to listen. 

“If you are an advancement professional and you’re listening to this podcast and you have zero dollars of your personal net worth in crypto, that’s probably the wrong number.” Instead of commuting, Stephen used his spare time during COVID to learn more about cryptocurrency. Organizations like MyGiving are navigating the intersection of philanthropy and digital currency, and opening up doors for new donors. Philanthropy is about taking action and making an impact – and maybe Blockchain and NFTs will allow for more efficiency and sustainability within this space. 

“Learning never stops.” Stephen is a full-time AVP of Development, father, and husband. He’s also a part-time MBA student at Syracuse university. He is thrilled that his son will get to watch him complete his MBA – and hopes to pass his deep love for education to his own children.

More about Stephen… 

Stephen is currently the Associate Vice President for Development at Brandeis University where he leads major and principal gifts, leadership annual giving, planned giving, and direct marketing. He is playing an integral role in shaping the direction of a future campaign to support the aspirations and goals of the Brandeis community.

Stephen previously served as the Senior Director of Development, Major Gifts, at Harvard University’s Faculty of Arts and Sciences where he oversaw a team of 15 gifts officers and the direct marketing team, raising over $40 million annually through major gifts, planned gifts, and innovative strategies to build the pipeline.

Prior to Harvard, Stephen was the Director of Annual Giving at Phillips Academy, overseeing Andover’s work with engaging alumni in support of the Academy’s priorities. During Stephen’s time at the Academy he revamped the volunteer management structure, launched a loyalty giving recognition society, leveraged two Giving Days that resulted in almost $3 million raised for scholarships from over 7,000 gifts, and positioned the Annual Giving team to be successful gift officers, engaging alumni and volunteers in thoughtful and direct conversations about their impact on campus.

Prior to Andover, Stephen was the Director of Annual Leadership Giving at MIT where he developed the structure of leadership giving at the Institute, which lead to a record number of leadership giving society members and formed effective partnerships with colleagues across the Institute. Stephen was also the Director of Annual Fund Leadership Gifts at Boston University where he similarly was charged with enhancing leadership level support across the University.

Stephen began his fundraising career at Berklee College of Music where he served in a variety of roles from coordinator to Director of the Berklee Fund and Alumni Affairs while the college launched its first ever comprehensive campaign.

Stephen, originally from Oregon, is a graduate of Lawrence University in Appleton, Wisconsin, and completed studies towards a masters degree in jazz studies from New England Conservatory of Music in Boston. He is 9 days away from finishing his MBA at Syracuse University. A keen interest of Stephen is the intersections of philanthropy, blockchain, and innovation, exploring the ways more missions can be impact by philanthropic support. Stephen lives in Reading with his wife, 7-year old son Aidan, and 18-month old daughter Ella, along with Dexter the cat.

 

Want to work with Stephen? Brandeis is hiring! Connect with him directly on LinkedIn, or check out open job postings on the Brandeis Institutional Advancement team.

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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:
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  • 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.

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  • 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.
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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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