Abstract

In the evolving landscape of research funding, private foundation sponsors present both unique opportunities and challenges. This session aims to equip research administrators with the tools and knowledge necessary to effectively manage the risks associated with private foundation funding from all over the world. We will explore key risk areas, including compliance with foundation-specific requirements, alignment with institutional policies and priorities, and the potential impact on project management, budgets and future research. Through practical strategies, participants will learn how to identify, assess, and mitigate risks, ensuring that their institutions can successfully navigate the complexities of private foundation sponsorship while maximizing funding opportunities.

Learning objectives:
Identify Key Risk Areas: Understand the specific risks associated with private foundation sponsorships from all over the world, including compliance, funding conditions, and reporting requirements.

Assess Institutional Alignment: Learn to evaluate how private foundation grants align with institutional priorities and research goals, ensuring a strategic fit that minimizes potential conflicts.

Mitigate Financial and Legal Risks: Gain practical strategies for managing financial and legal risks, such as budgeting challenges, indirect cost limitations, and contractual obligations unique to private foundations.