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identify needsDue Diligence for Nonprofits
Due Diligence for Nonprofits+context
+resources and best practices
Due Diligence for Nonprofits+definitions
due diligence: The process through which a grantmaker researches a nonprofit’s financial and organizational health to guide a grantmaking decision.
- GOSW and Forum of Regional Associations of Grantmakers Amy Sample Ward
Due Diligence is a term used for a number of concepts involving either the performance of an investigation of a business or person, or the performance of an act with a certain standard of care. It can be a legal obligation, but the term will more commonly apply to voluntary investigations. A common example of due diligence in various industries is the process through which a potential acquirer evaluates a target company or its assets for acquisition.[1]
Due Diligence for Nonprofits+where to start
Due Diligence for Nonprofits+best practices
Forum of Regional Associations of Grantmakers
IRS Charities Search
Foundations can verify the tax exemption status of more than 300,000 charitable organizations by using this online version of IRS Publication 78, “Cumulative List of Organizations.”
http://www.irs.gov/charities/article/0,,id=96136,00.html
Pre-Grant Due Diligence Review
Council on Foundations
A list of key tasks to complete and questions to answer to conduct a thorough pre-grant investigation of a proposal.
(MS Word Document) bestpractices.cof.org/family/ViewSample.cfm?itemNumber=1631
The Due Diligence Tool: For Use in Pre-Grant Assessment (PDF)
Grantmakers for Effective Organizations
This tool provides grantmakers with a complete guide to the due diligence process in assessing grant proposals, and includes sample worksheets and interview questions. (GEO Membership now required to view- 7/09)
www.geofunders.org/_uploads/documents/live/GEO%20Due%20Dilgence%20Tool.pdf
Megan Wentworth
