Due diligence is the verification a funder carries out before awarding a grant: confirming legal status, financial health, governance, and absence of conflicts or sanctions. The depth scales with the amount and risk involved.
Recording due diligence within the application workflow ensures it is done consistently and is evidenced in the audit trail, which matters for both compliance and reputation.
Due diligence is the verification a funder carries out before awarding a grant: confirming a prospective grantee's legal status, financial health, governance and the absence of conflicts or sanctions. It checks that an organisation is legitimate and fit to receive funds.
Due diligence verifies the applicant, whether they are legitimate and suitable to fund. GDPR governs how the applicant's personal data is handled. One scrutinises the organisation; the other protects the data collected about it.
It should scale with the amount and risk involved. A small, low-risk grant needs light checks; a large or high-risk award warrants deeper verification of finances, governance and sanctions exposure. Proportionality keeps the process rigorous without being wasteful.
By recording each check within the application workflow, so due diligence is done consistently and is evidenced in the audit trail. That record matters for both compliance and reputation if a funding decision is ever questioned.
The newest terms we've added, the words teams managing grants, sponsorship, and CSR come across most often.
A project grant is funding awarded for a specific, defined piece of work, with its own objectives, timeline and budget, rather than for the general running of the organisation receiving it.
It is the most common form of grant. The funder approves a described project and expects to be told what that project achieved, which is why project grants carry heavier reporting requirements than unrestricted funding.
International grantmaking is awarding grants to organisations based outside the funder's own country, which adds verification, currency, language and reporting requirements that domestic grants do not carry.
The additional work is front-loaded. Establishing that a foreign organisation can be funded is harder than paying it, and the route chosen at the outset determines the obligations for years afterwards.
Data residency is the country or region where a platform physically stores the data you put into it. It is a contractual commitment, not a technical preference, and a supplier should be able to state it in writing.
For grant, sponsorship and volunteering programmes the data in question includes applicant and employee personal data, which is what moves residency out of the IT conversation and into procurement.
Book a 15-minute demo and we'll show you the exact setup our client uses to track 15+ regional programs.
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