Due Diligence in Grantmaking: A Practical Checklist for Funders

Due diligence in grantmaking is the process of verifying that an organisation is who it says it is, that it can deliver what it's proposing, and that the grant is a reasonable investment of philanthropic funds. Done well, it protects funders from making grants that fail, waste resources, or create reputational problems. Done poorly — or not at all — it leaves funders exposed to risk and grantees without the support they need to succeed.

This guide covers what due diligence looks like in practice, how to calibrate it to risk, and what a practical checklist should include.

Why due diligence matters

Grantmakers are stewards of philanthropic funds. Those funds come with obligations — to donors, to communities, and to the charitable mission the funder exists to advance. Due diligence is how funders exercise that stewardship responsibly.

The risks that due diligence addresses:

  • Organisational viability: Can this organisation actually deliver the programme?
  • Financial health: Is the organisation financially stable enough to manage a grant?
  • Compliance: Is the organisation properly registered and meeting its legal obligations?
  • Conflict of interest: Is there any relationship between the funder and the applicant that could compromise the process?
  • Reputational risk: Are there public concerns about this organisation's conduct?

Importantly, due diligence is not primarily about catching fraud — though it can. It's about making better grants to organisations that are ready to receive and use them well.

Calibrating due diligence to risk

Due diligence should be proportionate. A $2,000 grant to an established community sports club needs less scrutiny than a $500,000 multi-year investment in a new organisation. Applying the same due diligence to every grant is inefficient and burdensome.

Factors that increase the appropriate level of due diligence:
- Larger grant amount
- Multi-year commitment
- New or unproven organisation
- Novel or complex programme model
- Limited track record with this funder
- Grants going to organisations overseas or outside the funder's network

Factors that may reduce required due diligence:
- Established relationship with the organisation
- Prior successful grants
- Small grant amount
- Well-known and publicly accountable organisation

Legal and registration checks

Charitable registration

Confirm the organisation is registered with the relevant charity regulator — Charities Services in New Zealand, the Australian Charities and Not-for-profits Commission in Australia. Charity registers are publicly searchable.

Check:
- Registration status (active, not deregistered)
- Annual returns are up to date
- Stated purposes align with the proposed project
- No noted concerns or investigations on record

Company and trust registration

If the organisation is incorporated as a company or trust rather than (or as well as) a registered charity, check the Companies Office or equivalent register. Look for:
- Active status
- Directors or trustees named (check for disqualifications)
- No outstanding compliance obligations

IRD and tax

For significant grants, confirm the organisation has a valid IRD number and is in good standing with tax obligations. Some funders require a DIC (Donee Status) confirmation for tax receipt purposes.

Financial health assessment

Financial due diligence for grants involves reviewing the organisation's financial statements to assess viability.

What to look for in financial statements:

  • Surplus/deficit: Is the organisation operating within its means? Persistent deficits may indicate financial strain
  • Reserves: Does the organisation have reserves sufficient to cover short-term disruption? A common benchmark is 3-6 months of operating expenses
  • Reliance on a single funder: High concentration of income from one source (government contract, single major donor) creates vulnerability
  • Liquidity: Can the organisation meet its short-term obligations? Check current assets vs. current liabilities
  • Audit or review status: Larger organisations should have audited accounts; smaller ones may have reviewed or compiled accounts

Red flags:

  • Deficit for multiple consecutive years with no recovery plan
  • Significant creditors or debts not explained in financial notes
  • Accounts more than 12-18 months out of date
  • Material departures noted by auditors

For small community organisations, financial statements may be simple and unaudited. That's normal — calibrate expectations to the organisation's size and capacity.

Governance checks

Governance quality is a significant predictor of organisational effectiveness. For larger grants, assess:

  • Board composition: Is there a board with appropriate skills and independence?
  • Governance documents: Does the organisation have a constitution, board charter, or similar governance framework?
  • Conflict of interest policies: Does the board have a process for managing conflicts?
  • Minutes and meeting records: Are board meetings regular and documented?

You don't need to audit governance — you need enough information to be confident that responsible oversight of the grant is in place.

Organisational capacity assessment

Beyond governance and finance, assess whether the organisation has the operational capacity to deliver the proposed project.

Staff and management

  • Does the organisation have appropriate paid staff to deliver this work, or is it reliant on volunteers?
  • Is there a capable manager who will oversee the grant?
  • Is there staff turnover risk that could disrupt delivery?

Track record

  • Has the organisation delivered similar programmes before?
  • What evidence exists of past impact?
  • References from other funders can be valuable for larger grants

Systems and infrastructure

For grants requiring specific systems (data management, financial reporting, compliance) check that the organisation has these in place or has a credible plan to develop them.

Relationship and conflict of interest checks

Before making a grant, funder staff and board members should declare any personal relationships or conflicts of interest with the applicant organisation. Most funders have a conflict of interest policy requiring declared conflicts to be managed (typically by recusing the conflicted person from the decision).

Beyond personal relationships, check whether the funder has any institutional conflicts — previous disputes, outstanding obligations, or significant reliance on the same funding pool.

Due diligence documentation

Document your due diligence process and findings, even informally. This creates a record that:
- Supports the grant decision
- Is reviewable if questions arise later
- Builds institutional knowledge about grantees

A brief due diligence summary (1-2 pages for significant grants) covering registration, financial health, governance, and capacity is a reasonable standard.

A practical due diligence checklist

For a mid-sized grant ($20,000-$100,000), a reasonable due diligence checklist includes:

  • [ ] Charitable registration confirmed and current
  • [ ] Annual returns up to date
  • [ ] Most recent financial statements reviewed
  • [ ] No material financial concerns identified (or concerns noted and addressed)
  • [ ] Board governance confirmed
  • [ ] Conflict of interest check completed
  • [ ] Track record assessed (previous grants, programme history)
  • [ ] Key staff identified and capacity confirmed
  • [ ] Site visit or conversation with management completed (for first-time grantees)
  • [ ] Due diligence summary completed and filed

Tahua's grants management platform supports structured due diligence — with document collection, assessment workflows, and the organisational history that makes repeat-grantee assessment faster and more consistent.

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