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Tips and Tools for Producing a Killer Annual Report

The year-end report is a golden opportunity to showcase your institutions many accomplishments and tell the story of how it was all made possible. Rather than becoming a stale report with a bunch of facts and figures, the annual report should explain what your institution is all about, what it believes in, and of course, what it wants to accomplish. Using visuals is a powerful way to tell your story–that is why, as mentioned in a past blog post, we were wowed when Calgary Zoo created the first annual report on Instagram. Another awesome annual report came from the socially savvy online eyewear retailer, Warby Parker. Their 2011 and 2012 annual reports were released online using fun infographics to convey everything one needs to know about their business, from quarterly sales, to the percentage of social media referrals by platform, and even their employees favorite beer at weekly evening happy hours (it’s Stella Artois, by the way!).

Taking note of the power of data visualization, last year, Michigan State University (MSU) opted for a more creative approach to presenting their 2012 State of the University report. According to Lou Anna K. Simon, PhD, President of MSU, the report “blends the popular ‘dashboard’ format with that of the contemporary corporate and institutional annual report.” The report is easily scannable, but gives a robust picture of the university’s financials, demographics, priorities, and accomplishments. For those who want a higher level of detail, many of the icons can be clicked leading to charts with more information. We loved this modern take on the annual report, especially since it includes an option to be shared via social media. For more examples of institutions using infographics to visualize advancement related data, check out this list in the CASE InfoCenter (login required).

What makes these annual reports awesome? Here’s what we learned:

  • Interactive design makes it interesting–give people things to click!
  • Graphics bring facts and figures to life–people understand visuals.
  • Share your organizations culture–convey how your institution is unique.
  • Lead with values–share what you stand for.
  • Make it social–if a reader thinks your report is cool, give them the option to share it with their network.

The good news is that to create these kind of reports, you don’t have to be a master at Photoshop or have a web master handy. There are a few great tools available where you can build your own infographic for free. Here are two options worth checking out:

1.) Infogr.am–Infogr.am offers six templates and thirtyone different charts, from the standard line, bar, and pie charts to more unique offerings like the pictoral and treemap options. The charts are Infogr.am’s strongest feature, as they are easily customizable using a native excel like spreadsheet or by importing your data through an xls, xlsx, txt, or csv file. Once you’ve input your data, the software automatically changes the chart into an accurate representation. Another great feature is the ability to import your own photos and videos for inclusion in your infographic–a great way to showcase campus events!

While Infogr.am allows for a significant amount of customization, some seemingly basic features are difficult or not available. Changing font color is considered an advance feature and is not user friendly, and as far as we could tell, changing font size is not an option! It would also be great if this tool had an option for user to add shape and icons.

2.) Piktochart— This is the original online infographic generator. Currently, six themes are available for free–all of which are easy customizable with a vast selection of icons and images. The editor makes it easy to modify color, font, and insert one of 6 chart options or upload your own images. Users can alter the length of their infographic by adding or deleting blocks. Finalized infographics are easily sharable on social platforms, published to HTML, or downloaded as an image file. If you’re not satisfied with the free offering, there is a Pro version available to anyone associated with an educational institution for $39/year (compared to $29/month or $169/year for other Pro users). Piktochart Pro offers over 100 themes and advance customization options.

Check out these tools, and let us know if they’re helpful in jazzing up this year’s annual report.

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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In today's dollars

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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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