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Uncovering Prospect Wealth: Airplane and Boat Ownership

As I’ve mentioned in my previous blog posts (see: how to research doctors and nurses), many facets exist when researching prospects, especially prospects with prominent or successful careers. One thing you’ll want to look for is whether the prospect owns luxury items, such as airplanes or boats. While this might sound daunting, it’s actually pretty easy if you know where to look. Below are the resources I use when researching airplane and boat ownership.

via David Spinks

Does the prospect own an airplane?

If you have access to paid resources, such as LexisNexis and KnowX, you should be able to determine whether a prospect has a pilot’s license. If the person does have one, then it’s likely that he or she owns at least one airplane.

However, don’t worry if you don’t have access to those resources; this information is also available on a few free websites. The first website, Aircraft One, allows you to search for planes in the United States in a variety of ways, including by company or individual name. You can also use this website to look up planes owned by individuals within a certain zip code, which is an excellent way to find new prospects.

The second resource, Rego Search, allows you to search for planes in Australia, Canada, Ireland, New Zealand, and the United States. To search for an owner’s name, simply use the advanced search. (Unfortunately, the owner search isn’t available for Canada, but you can still look planes up in Canada via the other search boxes, such as manufacturer, model number, and serial number.)

What’s the value of the airplane?

Once you’ve determined that your prospect owns an airplane, you can estimate the value of the airplane using one of the many free websites on which people post airplanes for sale. My favorite websites include Aircraft Dealer, Controller, Global Plane Search, and Aircraft Shopper Online. These websites allow you to search by manufacturer, year, and location in order to find planes comparable to the one you’re researching. To arrive at a number, I usually average the sale prices of planes similar to the one I am researching.

via Wikimedia

Does the prospect own a boat?

Researching boats is quite similar to researching planes. The best website I’ve found to determine whether someone owns a boat is Boat Info World, which allows you to search by company or individual name.

What’s the value of the boat?

To figure out how much the boat is worth, you can go to a variety of websites, including iboats, the American Boating Association, Boat Trader, and Yacht World. Simply average the sale prices in the same way that you would estimate the value of an airplane.

I hope this information is helpful as you research new prospects! If you have any tips or suggestions on valuing airplanes and boats, or on finding airplane or boat ownership, I’d love to hear from you. You can reach me at eheinlen@iu.edu.

Emily Davis began as a research associate at the Indiana University Foundation and was promoted to development analyst in 2011. In addition to assisting her science- and health-related clients with research, she has completed research for the IU and IU Foundation presidents as well as on international prospects. She received her undergraduate degrees from Ball State University and her master’s degree from Indiana University Bloomington. In her free time, she enjoys completing freelance editing and formatting work when not watching Thomas the Train with her toddler.

Endowment Spending & Growth Calculator

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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.

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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.
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  • 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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