New 1:many cadences with automated emails, reusable templates, and more in Signal

DonorSearch identifies prospects in your database with the capacity and intent to give.

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Without Question, Facebook Is THE Social Graph

At this point, it’s not exactly a revelation to say that Facebook is a household name. But with more than 300 social networking platforms out there and recent claims that its popularity is floundering, is Facebook still leading the pack?

Absolutely.

As of last September, Facebook had 1.19 billion active users each month. That’s 18% more active users than it had in September 2012. So Facebook usage is clearly continuing to grow.

As for market share, Facebook hasn’t wavered. While Twitter and Pinterest visits ebb and flow, Facebook still claims about 60% of the social media market.

The secret of Facebook’s success is actually not a secret at all. Facebook is so widely used thanks to the social graph, a concept that Mark Zuckerberg described at a developer conference back in 2007. In his words, the social graph is “the idea that if you mapped out all the connections between people and the things they care about, it would form a graph that connects everyone together.”

So every time an alum or donor “likes” one of your posts on Facebook, it becomes an edge, a connection point between them and your school. The resulting map of a user’s edges creates more of a web than a traditional graph, making “social graph” a bit of a misnomer.

Visualization of Facebook Social Graph

But whatever the shape, Facebook has mapped out the social graph around people and their relationships, which is important because people—many of whom are your alums and donors—shape how information moves through their connections. They are increasingly discovering information through the people and things they care about on Facebook. Like their alma maters.

This flow of social information has already had profound effects on the for-profit sector and can be equally game-changing for nonprofit fundraising through Social Donor Management. Currently, two key factors prevent non-profits from achieving their goals: out-of-date data and a technology gap of about 5-10 years (compared to for-profits). Social Donor Management addresses these fundamental challenges by starting with data from Facebook’s pervasive social graph to lay a foundation for delivering information that’s 25x better than the information in your legacy donor CRM.

Click here to learn more about Social Donor Management and how it can increase your participation rates, identify your major donor prospects, and improve your stewardship.

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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