Grassi & Co. Introduces Grant Compliance Services to Nonprofits

Elizabeth Gousse Ballotte

Due to a shift in the need for compliance for private foundations and other funders, New York-based Grassi & Co. (FY18 net revenue of $63.6 million) is adding a grant compliance services team to its nonprofit practice. Principal Elizabeth Gousse Ballotte will lead the team and is based in the New York office.

The team assists funders by ensuring their grantees are complying with the conditions of the grant agreement. The team reviews financial operations and grant reporting to assure that adequate controls and oversight are in place. These services assist funders, typically private foundations, by evaluating the impact of the donations to the nonprofits and their missions and help determine how and where the funds are specifically being used. These compliance reviews offer greater assurance to the funders that the grant programs are operating efficiently and successfully, the firm announced.

“Private foundations have increasingly come under fire for not adequately monitoring their grantees, often due to limited resources and personnel. Our grant compliance services help foundations address this gap, assess their own risk and protect their reputations,” says partner David M. Rottkamp, not-for-profit practice leader.

Generally, foundations that pursue a grant monitoring program work with the Grassi team to develop a compliance review plan and monitor the program annually, either using Grassi resources as an outsourced provider or hiring the firm to implement the program and train their staff to conduct the reviews and provide feedback to grant recipients.

“These organizations make a huge difference to the recipients of their grant-making. My work further enhances that difference and provides the assurance that grant funds are used appropriately,” says Ballotte, who has more than 15 years of operational and organizational consulting and management experience.

More news from Grassi & Co.