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West Virginia University Foundation The West Virginia University Foundation Uses Blackbaud Solutions to Provide Staff Easy-to-Access Information
The West Virginia University Foundation, Inc. is a private nonprofit corporation with assets of more than $670 million and an endowment nearing $350 million. It was chartered in 1954 to secure, hold, and administer funds and properties given by individuals, corporations, and philanthropic foundations in support of West Virginia University and its affiliated organizations. Such gifts provide needed funds for scholarships, fellowships, faculty development, academic programs and research, modern equipment, and more.
The Challenge:
With state appropriations decreasing, the Foundation was playing an increasingly critical role in augmenting the University’s funding with private dollars. To stay competitive, fundraising staff used prospect and donor information to build stronger relationships and increase donations. In addition, those managing the endowment’s 3,500 funds had to ensure that key internal and external stakeholders had accurate financial information available at their fingertips at all times.
The Solution:
To meet these growing needs, the Foundation chose a combination of software and services from Blackbaud including The Raiser’s Edge®, The Financial Edge™, The Information Edge™, and custom statistical modeling and wealth identification services provided by Target Analytics.
The Results:
By implementing these products, the Foundation empowered their staff by providing hands-on access to critical information from more than 60 integrated investment manager portfolios. This enabled high-speed analysis and reporting of an increasingly complex portfolio, saving weeks of manual effort.
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