Why One Funder Eliminated Grantee Budgets to Improve Financial Due Diligence
Submitted by SuJ'n on December 2, 2014
The Unitarian Universalist Veatch Program at Shelter Rock on Long Island awards approximately $12 million annually to nearly 200 organizations nationwide. After working with a consultant to overhaul the financial component of its application process, the program eliminated requests for budgets last year. The Foundation Review published the case study titled, "In Other Words, the Budgets Are Fake: Why One Funder Eliminated Grantee Budgets to Improve Financial Due Diligence." Through this report, the Veatch Program proposes one model for reducing administrative burden on applicants while simultaneously getting a clearer picture of an applicants' financial well-being and capacity to fulfill project goals.