Financial Analysis in Grantmaking (Detroit)
May 18 @ 8:00 AM – 5:00 PM
Presented by The Grantmaking School
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. In fact, we all 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 comprehensive 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 comprehensive financial review and analysis
- Connecting grant budgets to funded program activities
- The role of organizational capacity in producing program results
- Financial accountability in the post- grant process
Course runs 8 AM–5 PM at GVSU’s Detroit Center. Breakfast and lunch are included.
Instructor: Michael A. Cheney, C.P.A.
Individual Registration: $595
TGS Alumni / Group Registrations: $545 per participant
Deadline to register is May 7, 2018.
Continuing Education: Participation in this course counts as 7 hours of continuing education (CE) towards the Chartered Advisor in Philanthropy (CAP®) professional recertification program requirements. Please print and save this page as verification.
Questions about this event? Please contact Michael Pratt at 616-331-9033 or email firstname.lastname@example.org.
Mike Cheney is the Chief Financial Officer for Cincinnati Works, an organization that brings hope and encouragement to people living in poverty while assisting them in advancing to self-sufficiency through employment. Mike began his career with Deloitte & Touche LLP where he was a staff accountant in the firm’s auditing department for two years. He has devoted the last twenty-two years to the nonprofit industry, working in the community foundation, government, university, health, and human services sectors. He has a Bachelor of Science degree in accounting from The Ohio State University and is a certified public accountant. Mike served on the Accounting Practices Committee of the Council on Foundations during the development and implementation of SFAS 116, 117, and 136. He has significant experience and passion for developing and implementing accounting and CRM systems. Mike co-authored The Grantmaking School’s Grant Financial Analysis course and taught it five times.