Due Diligence in Grantmaking: How to Minimize Risk Through Strong Internal Controls

When thinking about minimizing risk with your grantees where are 4 areas we are going to focus on: • Best practices for selecting your grantees • Establishing strong internal controls • What to do during the life cycle of the grant if you receive a whistleblower compliant • Next steps for addressing the compliant and establishing a corrective action plan Monitor the following: • Confirm that existing polices and procedures and understood and adhered to. • Ensure charges to all grants are reasonable, allocable and allowable • Make sure the grantee is applying organizational policies uniformly to all grants • Verify that spending is adequately documented Developing your Whistleblower Policy and key tips on how to handle complaints

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