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Engagement-Focused Advancement: Finding a Sustainable Financial Future for Your Institution

A Letter from Amit Mrig, President, Academic Impressions

 The operating environment for institutions is increasingly challenging – rising competition, declining resources, and changing demographics are all putting tremendous pressure on colleges and universities. As with organizations in any industry, when conditions get tougher, there is a tendency to retrench and focus on short-term objectives and needs.

Many institutions have responded to the recent economic downturn in this way, adjusting their fundraising tactics to maximize immediate returns. However, institutions must ask themselves: Is this strategy sustainable, and does it position our institution to compete in the future?

Institutions that take a longer-term view and adopt a more intentional and authentic approach to engaging alumni, parents, and others in their work are capable of generating more significant returns – and not only financial returns. A more engaged constituency leads to greater advocacy for the institution, a widening network of resources on which the institution can draw for input, and increased opportunities for partnerships that will help the institution advance its mission.

In this issue, we’ve reached out to some of the most forward-thinking experts in advancement and to a university president to find out how an engagement-focused approach works, how to create buy-in from institutional leadership, and how to involve key academic stakeholders in the effort. We hope their advice will be useful to you.

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About the Authors

Amit Mrig, President and CEO

Amit co-founded Academic Impressions in 2002 to provide a variety of educational products and services that help higher education administrators tackle key, strategic challenges. Since 2002, AI has designed and directed hundreds of conferences and has served representatives from over 3,500 higher education institutions. Besides designing and leading events for cabinet-level officers focused on strategic planning, budgeting, and leadership development, Amit leads Academic Impressions’ ongoing research into the five- and 10 year challenges facing higher education and plays a lead role in outlining each issue of Higher Ed Impact: Monthly Diagnostic to highlight how college and university leaders can take an institution-wide approach to answering those challenges.

Daniel Fusch, Director of Publications & Research

Daniel provides strategic direction and content for AI’s electronic publication Higher Ed Impact, including market research and interviews with leading subject matter experts on critical issues. Since the publication’s launch in 2009, Daniel has written more than 200 articles on strategic issues ranging from student recruitment and retention to development and capital planning. If you have a question or a comment about this article, feel free to contact Daniel at daniel@academicimpressions.com.