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Get More Millennials at Your Events With These Tips…From a Millennial

The Millennial Problem

Seems like forever ago that I walked across the stage and graduated from James Madison University. A few years later and here I am, a young professional living in my hometown Charlotte, NC (you might know it as Tar Heel Country).

When I first moved back home in 2011, I was filled with excitement about being a JMU graduate: I was a four-year letter winner in undergrad and a scholarship athlete. I was a part of SAAC (Student-Athlete Advisory Committee). I was a leader for a campus organization. I had a sense of pride in my school.

So I figured I’d check out an alumni event. It was a decent—about 12 people over a light lunch. We had a speaker who talked about mortgages and building your credit. It was a little out of reach for me at the time; I was simply trying to get started with a career in the public sector. Everybody I met at that event was at least in their mid-30s and most likely married. I was the furthest thing from that and was the youngest to attend by far.

I knew a few people that had moved to Charlotte after JMU, but the event I attended made it clear that most of them probably wouldn’t be going to any alum events. And my attendance at future events became more of an obligation to my school than a fun experience I looked forward to.

The Millennial Opportunity

Today, I am still a member of our the JMU Alumni Association and part of the chapter leadership here in Charlotte. Unfortunately, the same problems still exist and do not seem to be improving.

The problem is simple yet complex: Most millennials see email blasts from alumni relations as spam. And if they do happen to read them, most feel they’re just another thing competing for their free time rather than an actual opportunity for an experience that will be enjoyable. Emails are antiquated. You should be talking to us where we already are. On Facebook. On LinkedIn. On Twitter. And give us an event that lets us feel like we are in college again (let’s be honest, that’s what we all want).

I started Gradtap Events to give my fellow Millennials what they want. Gradtap exists to revolutionize the way alumni associations interact with their alums and with each other in cities across the country. We want to enhance the social and professional lives of young alumni. From sports to happy hours to networking events (and who can forget parties!), we want to bring associations together to meet, have fun, and rep their alma mater in a fashionable way!

Our official launch will take place on March 20th at Libretto’s Pizzeria in Charlotte to kick off March Madness. Sign up at www.grad-tap.com if your association would like to be part of events in your city!

 

You can track your alums’ attendance at Gradtap events and others with the EverTrue app. Click here to find out how.

 

Matt Parker is a 2010 graduate of James Madison University and founder of Gradtap Events, an organization that partners with alumni associations to create engaging events for young grads. He can be reached at matt@grad-tap.com.

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.

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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