(NU/1745-4) Support for Due Diligence within Newcastle University Advancement

Descriptions

NUA would like to retain an external company to carry out our due diligence checks. The company will undertake relevant, global and time saving due diligence, by providing comprehensive donor due diligence reports on individuals, companies, trusts and foundations who are at the stage of cultivation where they could be solicited for a philanthropic donation by NUA. This is to ensure that any donation to Newcastle University would not cause any legal or reputational issues. The checks will help protect Newcastle University from fraud and reputational damage and guarantee a process that protects and boosts Newcastle University's reputation for the long term. The outsourcing of due diligence checks will ensure that all Newcastle University stakeholders have access to, and understand, all available information relevant to safeguarding Newcastle University's reputation, including benefits and potential liabilities, to make fully informed decisions about accepting a philanthropic donation. Over a 12-month period, the company will help support three major stages of the due diligence process: 1.Research The company will provide a service that can mine all online data sources and deliver the specific insights needed, gathering data, and collecting information quickly and efficiently. 2.Analysis The company will help decide what information is relevant and draw detailed, actionable insights from it, providing support to disambiguate data, helping NUA to save time and resources. 3.Delivery The company will provide due diligence reports that are comprehensive, clear, and shareable via an automated platform.