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Walking the Tightrope: Creating a Robust Due Diligence Program

Track: Prospect Research

Session Number: 3105
Date: Wed, Aug 26th, 2020
Time: 12:15 PM - 1:00 PM

Description:

Assessing philanthropic risk, developing an effective due diligence program, researching negative news and investigating our supporter’s histories from every angle has increasingly become an everyday fact of life for Prospect Development. In recent years we have seen the impact negative press and reputation issues can have on any institution as well as the sector as a whole. These stories do not discriminate against size of institution, geography, the professionalism of the fundraising teams, or size of gift. It has become as much a practical problem of completing research and finding the right information as it is a relationship management exercise, balancing the expectations of all those involved.

As Prospect Development we are uniquely positioned to drive and effectively manage this activity in a way that is beneficial for our organisations; ensuring it intersects with all areas of the fundraising cycle.

During this session you will hear the experiences and learnings from someone who has built and maintained a robust due diligence and gift acceptance process at several institutions. I will give insight into why managing risk is important for everyone, the pitfalls and benefits of driving the activity (or how not to be a barrier to fundraising), what information should and can we highlight, how to develop a due diligence training program and how this can all work effectively in a fundraising utopia. This will be an interactive session where delegates will be able to reflect on and discuss real life examples of due diligence challenges and decisions.

Effective Due Diligence is not just about research, nor is it just about ethics. It is a key tool we can use to strengthen our connections with our supporters as well as the internal relationships we hold within our organisations, ensuring we all act with appropriate integrity.
Session Type: Breakout Session (45 Minutes)

Learning Objective #1: Delegates will leave understanding how to run and demonstrate the impact of a successful Due Diligence process including how to find relevant information to complete a report and insight into how to complete this research on an international scale.
Learning Objective #2: Participants will have an understanding of how to manage expectations and relationships with stakeholders. Including information on why training colleagues in due diligence is an integral part of the process and how to develop materials.
Software or Vendor Tools: No
Primary Competency: PR:Competency 2: Ethics
Secondary Competency: PR:Competency 1: Organization and Fundraising Knowledge
Tertiary Competency: PR:Competency 5: Utilizing Research Resources
Intended Audience Level: Level I
Recommended Prerequisites: None
Shop Size: All Shop Sizes
Session Type: Breakout Session (45 Minutes)

Learning Objective #1: Delegates will leave understanding how to run and demonstrate the impact of a successful Due Diligence process including how to find relevant information to complete a report and insight into how to complete this research on an international scale.
Learning Objective #2: Participants will have an understanding of how to manage expectations and relationships with stakeholders. Including information on why training colleagues in due diligence is an integral part of the process and how to develop materials.
Software or Vendor Tools: No
Primary Competency: PR:Competency 2: Ethics
Secondary Competency: PR:Competency 1: Organization and Fundraising Knowledge
Tertiary Competency: PR:Competency 5: Utilizing Research Resources
Intended Audience Level: Level I
Recommended Prerequisites: None
Shop Size: All Shop Sizes