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Financial Analysis in Grantmaking
December 8, 2017 @ 8:00 AM – 5:00 PM
Presented by The Grantmaking School (TGS)
Most grantmakers are hired for their program knowledge and expertise. Yet it is impossible to separate the role of money from programmatic success. Excellence in grantmaking is not limited to program knowledge. It requires a comprehensive understanding of nonprofit organizations, including their financial statements, budgets, reserves, policies and processes for resource management. We know that financial issues impact programmatic results.
As a part of routine due diligence, many grantmaking organizations conduct a financial review after the programmatic review. We strongly believe only the assigned program officer has the ability to understand fully the context, implications and impact of financial issues upon the success of any grant. In response, we created Financial Analysis in Grantmaking.
This course does not attempt to transform program officers into financial professionals. Instead, our intent is to provide grantmakers with the necessary knowledge and skills to conduct a thorough and effective analysis of organizational and programmatic financial information to improve funding decisions.
Key concepts include:
- Creating a culture of comprehensive financial analysis
- The relationship of financial condition to effective grantmaking
- Fundamentals of financial review and analysis
- Financial audits and the IRS Form 990
- Connecting grant budgets to funded program activities
- Process for conducting a financial analysis
- Financial accountability in the post-grant process
Instructors: Julie Couturier and Randy Van Antwerp
Individual registration: $595
TGS alumni registration: $565 (enter TGSALUM in the coupon code field when registering)
Group registrations: $565 each (enter MULTIPLEDISCOUNT in the coupon code field when registering)
Course runs 8 AM–5 PM. Breakfast and lunch are included.
Julie Couturier, C.P.A. is the finance manager for the Dorothy A. Johnson Center for Philanthropy at Grand Valley State University in Grand Rapids, Michigan. Julie is responsible for all financial reporting, budgeting, and financial analysis for the Johnson Center. In addition to her current work for the Johnson Center, Julie is a business and accounting adjunct instructor for Grand Rapids Community College. Read more about Julie.
Randy Van Antwerp, M.B.A., C.P.A. is the CFO of the Frey Foundation, where he has worked since February 2014. The Frey Foundation, based in Grand Rapids, is a private family foundation with assets of $140 million. Randy is responsible for financial planning, management of accounting and investment procedures, regulatory compliance, budget, and reporting. Prior to the Frey Foundation, Randy worked as the CFO and COO for the Grand Rapids Art Museum and Foundation. He earned his CPA when working for Deloitte. Randy holds master’s of business administration from Grand Valley State University and a bachelor’s degree in business from the University of Michigan.