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Long Live the Alumni Blog! "Slice of MIT"

There are 400,000,000 tweets a day and, as advancement leaders know, on Twitter you sometimes feel like you’re talking to yourself, and your content capabilities are limited. However, one of the “original” social internet tools can provide a way for alumni offices to create meaningful and consistent engagement with their constituents. We’re talking blogs.

While there are many excellent examples of alumni office blogs, one of our favorites is MIT’s “Slice of MIT” blog. In a simple, attractive WordPress layout (see how to build one here), the MIT Alumni Association generates the perfect mix of content, including:

  • Full-length articles on themes that are relevant to alumni, including events and “alumni-in-the-news” updates

  • A diverse range of multimedia content, including photos and videos

  • Appropriate promotion of advancement office material

 

For example, this past week the blog had a very sharply-written (but not too long) piece, shown above on the recent commencement speech of MIT graduate and Dropbox co-founder Drew Houston. The article used extensive quotes from the subject (an alumnus of interest) as well as links throughout to promote relevant alumni office material.

But importantly, the blog also contains many different types of posts, which is essential to developing a consistent blog readership. In particular, the “Photo of the Week” feature by alum Owen Franken gives the blog fantastic visual content while again spotlighting a notable graduate. The blog also allows readers to sort articles with a clear and easy menu and tagging system, which allows alumni to find content of any time that is relevant to them.

That’s what makes “Slice of MIT” successful – it does not blatantly push the alumni office, but instead produces unique, frequent, and interesting content that alumni want to read, which in turn naturally promotes alumni office material. To that end, at the top of the page, there are prominent links to all the alumni office’s accounts to the top social media networks.

In other words, “Slice of MIT” is helping to establish what every advancement office wants – meaningful, consistent contact with alumni who are interested in the school. And even though writing a blog can sometimes be time-consuming, the rewards are also numerous in terms of boosting interaction with your office.

Know of any other excellent alumni office blogs? Share them in the comments below and give us a shout!

I’m David McIntyre, a soon-to-be senior at Tufts University and the summer marketing intern at EverTrue. I’m a political science major and most of my experience comes from working with the government, but I’m now making the jump into the private sector and the world of marketing. I’ll be writing blog posts and generally helping Harvey Simmons with all things EverTrue — you can find me on Twitter @dmcintyre718.

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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:
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  • 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:
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  • 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
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Dedicated endowment management software keeps your organization compliant while freeing up the time your team once spent manually managing spreadsheets.

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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.
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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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