Best Practice in Due Diligence
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Title: Best Practice in Due Diligence
Description of Practice: Due diligence in prospect research is performed to assess a prospect's potential for giving to protect the organization from receiving any gifts that may be potentially harmful to the institution. It's important for every organization to evaluate the legality of reputational risks that may be associated with a gift or engagement opportunity prior to accepting the gift from a potential or existing donor.
Date: May 2024
Prepared By: Carolyn Vasquez, Director of Prospect Research at Holy Name Medical Center; George Tabet, Corporate Research Analyst at Massachusetts Institute of Technology
This Best Practice was developed in partnership with aasp.
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Best Practice in Due Diligence
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Due diligence in prospect research is performed to assess a prospect’s potential for giving to protect the organization from receiving any gifts that may be potentially harmful to the institution. It’s important for every organization to evaluate the legality of reputational risks that may be associated with a gift or engagement opportunity prior to accepting the gift from a potential or existing donor.
