diversify your portfolio
TRANSCRIPT
Looking At Human Capital in a Different Way to Ensure Ongoing Support for Your Mission
CASE District I and II Conference January 23, 2012
DIVERSIFY YOUR PORTFOLIO:
Danita Beck-Wickwire ● Marcel Vaughn-Handy ● Charles Wright III
2
Looking at Human Capital in a Different Way to Ensure Ongoing Support for Your Mission
The Need for New Investment and People to Secure It
Identifying Assets with Growth Development Potential and Maintaining Your Holdings
Evident Trends in Demographics
3
Institutional Budgets and Growing Populations
RetainingTalent Individual
Investment
4
Type of Institution 4-year 2-year
Public $217,117,141 $48,325,708
Private $140,922,980 $830,063
…Instruction, research, public service, academic support, operation and maintenance
of plant, depreciation, scholarship, auxiliary enterprise, hospital services, independent
operations, other expenses…
5
39.6% of the 30.6 million 18 to 24-year olds are in school
College Enrollment in recessions increases 3.7x
Older adults (age 55+) returning to school
6
Year Total Men Women Full Time Part Time Public Private
2012 19,892 8,539 11,353 12,308 7,584 14,663 5,229
2013 20,230 8,624 11,607 12,499 7,731 14,906 5,324
2014 20,709 8,757 11,952 12,775 7,933 15,253 5,456
2015 21,082 8,850 12,232 12,987 8,095 15,522 5,560
2016 21,436 8,936 12,500 13,190 8,247 15,778 5,658
2017 21,779 9,021 12,758 13,389 8,389 16,027 5,751
2018 22,139 9,110 13,029 13,607 8,532 16,291 5,849
2019 22,408 9,184 13,224 13,787 8,621 16,489 5,919
7
$28Billion
Individual Giving
Alumni donated to their schools (2008-2009 and 2009-2010)
Alumni Supporters
43%
25%
13.5%
8
Nearly 1.3 million charities and private foundations are registered with the Internal Revenue Service
25% + of US Population Volunteer
9
Turnover rate 13.8%
40% would leave for greater opportunities
74 Million workers will retire in US
10
The Need for New Investment and People to Secure It
11
Changing Demographics
The Current State
Why Business as Usual Will
Not Work
12
Constituencies
31% to 40% of the population will be people of emerging constituencies by 2020; 52% by 2050
41.1 65.7
2020 2050
African American Asian American Hispanic/Latin American
15.5 40.6
2020 2050
48.4 132.8
2020 2050
$ in Millions
14% 15% 5.1% 9.2% 16% 30%
13
146%sincelate1990’s
36%
are students from emerging
constituencies
14
$3 Trillion Buying Power
Giving Power
15
Messaging created by our office
Perception of the
process and those involved
Perspectives, ideas and experiences
16
4.5% 3.3% 4.5% 5.6% 7.6% 8.6% 8.8%
1982 1986 1990 1996 2002 2007 2011
Including other
Including other/multiracial
17
68%
32%
Female Male
0.3%
0.2%
2.0%
2.0%
1.5%
3.0%
91.2%
American Indian/Alaskan
Other
Hispanic
Multiracial
Asian
African American
White
18
Changing Demographics
The Current State
Why Business as Usual Will
Not Work
19
Expand Your Network to Identify People and Partners
Retention and Advancement
Private Sector Best Practices and Strategic Planning
20
Messaging created by our office
Perception of the
process and those involved
Perspectives, ideas and experiences
21
Career Center Office of
Student Affairs
Academic Offices
Facebook / LinkedIn
22
CASE
- Clarence J. Jupiter Fellowship in Institutional Advancement - Minority Advancement Institute – Reunion - CASE ASAP
AFP Friends of Diversity
- AFP DC, Washington DC Metro Area Chapter, AFP MA, Western Chapter, AFP Maryland Chapter, AFP PA, Western Chapter
Hispanics in Philanthropy
Native Americans in Philanthropy
Asian Americans/Pacific Islanders in Philanthropy
Young Nonprofit Professionals Network
23
Target Group Formal Effort No Formal Effort
Women 37.0% 32.8%
African Americans 10.5% 4.5%
Hispanic Americans 8.3% 4.6%
Asian Americans 13.2% 11.0%
Native Americans 1.8% 0.0%
Physically Challenged 1.4% 0.7%
24
Training
Open Dialogue on Inclusion
Mentoring and Coaching
Provide Challenges, Compatible Assignments
Ensure Growth and Leadership Opportunities
25
Clear expectations
Matched interests / worthwhile experience
Training (supervision)
Positive communications
Recognition
26
Vacancies cost 30-150% of employees salary
250% managers salary
Lost continuity and momentum 6 months to 10 years to cultivate a gift
27
28
Forbes Inc. Magazine Black Enterprise Hispanic Business
Magazine Diversity Employers
Magazine Diversity MBA DiversityInc Profiles in Diversity
Journal
“Top Companies” Lists for Inclusion
29
Focus on inclusion of people from emerging constituencies, their experiences and ideas; move beyond integration
–Bank of America
Recognize and reward employees who make meaningful contributions to inclusion efforts
–Northern Trust
Engage workers from all levels in the conversation and process of updating the inclusion plan
–American Express
30
Developing plans that are so deeply interwoven into the strategic plan and fabric
of the day-to-day operations that it will be maintained in good and bad times
–Fannie Mae
The inclusion effort is not one line item, but part of the budget for every area of
operations –Denny’s
31
Branding and internal/external messaging
Identification and recruitment efforts
Orientation and ongoing training program
Performance appraisal process (staff and managers)
Activities
Partnerships
32
“What gets measured, gets done.” –Peter Drucker
Incentivize efforts
Reward progress
Show progress and result
33
Expand Your Network to Identify People and Partners
Retention and Advancement
Private Sector Best Practices and Strategic Planning
Self Assessment
DIVERSIFY YOUR PORTFOLIO:
Danita Beck-Wickwire ● Marcel Vaughn-Handy ● Charles Wright III