Due diligence is an essential aspect of any fundraising procedure. Due diligence confirms the identity of an individual or business and provides details about their previous and current relationships and permits investors to review your business before deciding whether to invest in you.
If you’re a firm seeking investment or hoping to team with a philanthropic group having the ability to conduct thorough and transparent due diligence is crucial to your success. Due diligence can be done at an early stage to identify and eliminate bad partners.
If a donor’s history has been shattered by controversial associations or actions or actions, this 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 or values.
A great due diligence is thorough, fast and well-organized. It should be able take in large amounts of public information such as news websites or social networks, or even grey literature, and provide digestible reports which are easily shared across teams. It should be able automatically to go through millions of documents in order to present an organized and clear view of your business that is simple to read and to share.