Due diligence is a vital aspect of any fundraising campaign. Due diligence validates the identity of a person or business and provides information about their previous and current relationships and allows investors to look over your business prior to investing in you.
If you’re a business seeking investment or hoping to team with a philanthropic organisation having the ability to conduct thorough and transparent due diligence is essential to your success. Due diligence can be performed early in the process to determine and eliminate bad partners.
If a donor’s history has been shattered by controversial actions or associations that have caused controversy, it could be a deciding factor. You can conduct due diligence early in the process to determine whether a relationship is aligned with your organization’s mission and values.
A great due diligence procedure is swift, thorough, and well-organized. It should be able due diligence and fundraising processes to take huge amounts of public data like news websites, social networks, or even the grey literature and then provide digestible reports which are easily shared across teams. It should be able automatically to scan through millions of documents to present a clear and structured picture of your company that is easy to read and to share.