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Your Guide to Surviving (Thriving!) at a Conference

Advancement professionals are always willing to share what they’re doing with each other. That’s one of the best things about this industry. We don’t compete; we work together to help each other succeed. This kind of teamwork and info-sharing makes conferences especially valuable learning opportunities, no matter how long you’ve been in the nonprofit world.

As you get ready for your next conference (or if you’re heading to your first), here’s an infographic and tips for getting the most out of the experience.

 

1. Get Sleep

Seriously. You go to a conference to recharge your batteries, and you come out excited about going back to the office to implement new ideas. But that won’t happen if you’re wiped out. Take the opportunity to wind down and relax. Get a good night’s sleep, don’t be afraid to take a nap during an afternoon break, and rest up so you can be present and prepared to learn.

2. Don’t Be Afraid to Leave a Session

Your time is valuable—and conferences aren’t cheap. In the rare occasion you run into a session that isn’t exactly what you’re looking for, don’t be afraid to duck out and try another one. Ultimately, every conference is about you and what you get out of it. Make the most of every minute.

3. Meet People

When you attend a conference, you gain access to a tremendous resource: brain power. This is a chance to meet speakers, grab coffee with another attendee, or talk through a nagging problem at a roundtable discussion. So shake hands, trade business cards, make small talk, chat with speakers in between sessions, and follow up with the people you met when you get home.

4. Create A To-Do List

In two or three days, you’re going to hear a lot of great ideas. It’s good to take notes throughout, but it’s also helpful to keep a running list of action items that you’ve picked up throughout the conference. This helps organize key takeaways and gives you a cheat sheet of things to implement, research, or follow up on when you’re back in the office.

5. Share What You Learned

The week after attending a conference, create a one-sheet of takeaways or a short presentation for your team and your supervisor. This does three things: It helps justify the expense of the conference to your boss, extends the impact of what you learned, and helps get everyone excited about trying something new. Sharing is caring!

So there you go. You know everything you need to crush your next conference experience. And if you’re looking for a great opportunity to learn from some of the best and brightest in the nonprofit and for-profit worlds, check out EverTrue’s conference on advancement innovation, Raise 2016, coming to Boston July 28-29.

Mike Nagel is the Associate Director for Advancement Communications at Phillips Exeter Academy. He spends his time managing and creating stories for PEA’s social media, alumni website, email marketing campaigns, and other mostly-digital play spaces. Say hi on Twitter or LinkedIn.

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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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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