Leaders in university advancement gathered last week in Boston to “rethink” their profession. Education at all levels is in the midst of a revolutionary “sea change,” and advancement people are among those expected to help address many of the most significant challenges. They are experts in institutional fund-raising, alumni relations, marketing, communications, and government affairs. So why them, and why now?
Simply put, states all over the nation are cutting back financial support. Admittedly, the cuts are more drastic in some states than others. But almost everywhere governors and legislators are rethinking their role in education. The impact has been significant. When funding to state supported public institutions declines, tuition goes up. And when this happens, access declines and market dynamics change. Thus, private and for-profit institutional markets change as well. In short, many education leaders are rethinking their core business simply because they have no choice.
The situation in Washington is making matters even worse. In this stressed economy federal financial aid amounts, low-interest rates on loans, and a significant amount of research and program funding are also threatened. Therefore, advancement officers are launching new initiatives to mobilize their alumni to reach deeper into their pockets, to find more private funding anywhere it’s available, to fine-tune competitive advantage messages, and to expand marketing initiatives. The good news is that in a changing market advancement professionals are more important than ever. But meeting expectations won’t be easy.
Every non-profit organization and cause in the world is currently accelerating its fund-raising activities. They are becoming quite sophisticated. Institutional executives everywhere are approaching every individual, every foundation, and every corporation they can find. New and creative donor recognition ideas are being generated. As a result, past donor loyalties are often threatened, and institutional health can be threatened as well.
At the same time education is becoming a global enterprise, and this is bringing even more change. It’s not merely increasing study abroad programs, or forming foreign partnerships, or building satellite campuses. It’s also foreign institutions coming to North America with marketing ambitions of their own. They begin by calling on their own alumni, but they also look for wealthy individuals, foundations and corporations who understand that the world economy and new opportunities are moving eastward. This also soon leads them to searching for prospective students and parents with the same vision of the future.
I cannot imagine a more exciting time than now to be in the educational advancement profession. Opportunities to make a difference are extremely high. But performance expectations are even higher. So it is not a profession for the faint of heart. It is that reality that led to the “rethinking advancement” meeting last week in Boston, and it may have been just the first of many more.
As I told some of my TCU honors students this week: “Your talent alone entitles you to nothing. To change this world you will have to work harder than you ever imagined. You will have to go beyond your incredible talent into the realm of competitive strategic problem-solving, complicated issues management, and compelling innovative thinking.” That is the reality for every profession today, just as it is for university advancement.
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