Gift Acceptance and Due Diligence
Charities are required to carry out due diligence checks on significant donors and philanthropic partners. Having the right policy and procedures around gift acceptance in place is an essential step on the journey to successful and effective major gift fundraising.
Prospecting for Gold offers a range of support to develop or review your Gift Acceptance policy.
Some questions you might want to think about:
- Do you have a policy?
- When was it last reviewed?
- Do you have the research facility in-house to supports its implementation and ongoing use?
Whether it be for gifts from individuals, trusts, companies or sponsorship or other partnership opportunities, knowing that the donor meets your ethical standards is a critical part of the decision-making process.
We tailor our support to meet your needs. Ways we can help include:
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Advice and support around developing a policy and process such as:
- Timing
- Triggers
- Considering who should be involved in developing, and managing the policy and process
- Types of gifts, donors and activities to include
- Transparency
- Recording results and outcome
- Communication with prospect
- Suggested templates for research
- Suggested resources
- Drafting your policy
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Implementing your policy and process
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Troubleshooting and advice
Our Approach
In developing or reviewing your gift acceptance and due diligence approaches, we take into account your own operating environment, mission, vision, values and objectives as well as external factors such as reputation and impact on brand and image.
We want every organisation to have a robust policy and process which brings a consistent approach to your decision making. With this in place, you can be confident in a decision to accept or refuse a donation.
Due Diligence Research
With your policy in place, we can help you with the research you need to assess your prospects against your gift acceptance policy.
