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Two Easy Steps to Start a #GivingTuesday Campaign in One Week

‘Tis the season to be thankful. Which means it’s a perfect time to remind your alums that there’s no better way to say “thanks” than to give to back.

A giving day isn’t a novel idea, but it sure can be a successful one. Columbia University harnesses the spirit of this especially charitable time of year through its Giving Day. This year—the campaign’s second annual—raised $7.8 million. In one day. One day full of “live online conversations about cutting-edge issues, from healthcare to nanoscience” all hosted by Columbia.

The days’ events helped garner 9,759 gifts, a percentage of which were matched by Giving Day sponsors called Game Changers.

The level of alumni engagement and donations achieved by Columbia’s Giving Day is truly impressive. But not every school has the resources that Columbia does.

Luckily, for those who aren’t Columbia, there’s #GivingTuesday.

Also in its second year, #GivingTuesday is a campaign that uses social media to create a national day of giving to support nonprofits. #GivingTuesday founders 92Y say it best on the campaign website:

It’s a simple idea. Just find a way for your family, your community, your company or your organization to come together to give something more. Then tell everyone you can about how you are giving. Be a part of a national celebration of our great tradition of generosity.

This year, #GivingTuesday falls—strategically directly after Black Friday and Cyber Monday—on Tuesday, December 3. While that’s only a week away, there’s still time for you to ride the wave of this powerful initiative.

There are two key components to a successful #GivingTuesday campaign, both of which are doable in a week (even a holiday week):

  1. Create a landing page. You need a place where your alums can donate. And, of course, a place where you can show them just how grateful you are for their help. You can take a cue from Northwestern, whose #GivingTuesday site consists of a pledge page, other ways for alums to get involved, and a clever daily countdown to the big day. Or you can be even more minimal and include all of that info on a single landing page. If you build it, they will come.
  2. Be social. Use all of your social media channels:  Twitter, Facebook, Pinterest, Google+, your alumni blog. The #GivingTuesday Tool Kit is a great resource for sample tweets and posts to get you started quickly. Whatever social outlet you use, be sure to mark each post with the hashtag #GivingTuesday.

Though there may only be one week left until this year’s #GivingTuesday, there’s still time for your alums to make an impact by giving this year. And, who knows, you may raise a few billion dollars in the process.

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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