Best Practices in Pre-Solicitation Risk Assessment
Our institutions depend on and are grateful for the generosity of donors – individuals, foundations, corporations -- to support our mission and programs. Understanding and effectively managing pre-solicitation risk is paramount to achieving successful outcomes. Ensuring that gifts and grants are accepted and administered in a manner appropriate for a tax-exempt institution and that these awards do not compromise the reputation of the university or its mission is critical. Join us for a discussion on what the pre-solicitation process looks like at a sample of schools –learn from your peers and share your institution’s approach with the group as we collectively strive to grow or enhance our processes.
Key Topics we'll cover include: 1) Risk Identification: Explore the diverse array of risks associated with pre-solicitation activities, including legal, reputational, and financial considerations. Learn how to identify potential pitfalls early in the fundraising process; 2) Due Diligence Strategies: Gain valuable insights into effective due diligence practices. Discover how to thoroughly vet potential donors, partners, and projects to mitigate risks and ensure alignment with your institution's mission and values; 3) Stakeholder Communication: Learn the art of transparent and effective communication with key stakeholders, board members, and university leadership. Discover how open communication can help manage expectations and build trust, even in the face of potential risks; and 4) Case Studies and Practical Examples: Delve into real-world case studies to understand how other universities have successfully implemented pre-solicitation risk assessment protocols.
By the end of this session, you'll be equipped with the knowledge and tools to navigate potential challenges with confidence and foresight, fostering a culture of responsible philanthropy.