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Why Fund Accounting Software Beats Spreadsheets for Nonprofit Grant Reporting and Compliance

Blackbaud

No matter your mission, grant reporting will help drive success by ensuring compliance and accurately reporting on these awards. Fund accounting software can allow you to accurately curate grant reports to track restrictions, set budgets, and audit grant awards. There are endless possibilities as you scale your grant awards.

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13 Tips for Ensuring Government Grant Compliance for Your Nonprofit Organization

Blackbaud

In our webinar with Rachel Werner and James Spencer from RBW Strategy, they covered steps to help nonprofits that receive—or are looking to start receiving—government grant funding. Tip 4: Calculate your indirect cost or make an intentional decision to use the de minimis rate.

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The Financial Edge: Crafting Budgets for Grant Success

Allied Grant Writers

The primary parts of a grant budget include personnel costs, project expenses, and administrative and indirect costs. Personnel Costs Personnel costs encompass the expenses related to the staff involved in the grant-funded project. These may include utilities, rent, and general administrative costs.

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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

This will help you understand what gaps you may have in skills or resources and give you time to address those before you win an award. Tip 2: Bring both your program and finance teams into the grant application and award process. Tip 1: Before applying for a government grant, perform a financial integrity risk assessment.

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Elevate Your Funding Prospects: Key Grant Writing Resources Revealed

Allied Grant Writers

Understanding the Purpose of Grants Grants are financial awards provided by various funding organizations or agencies to support specific projects or initiatives. Budgets should include: Direct Costs : Expenses that can be directly attributed to the project, such as salaries, materials, and equipment.

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Breaking Down the Budget

Grant Geek

A grant proposal budget outlines your intended expenses if you are awarded the grant funding, specific to the project or program stated in your proposal. Building the budget while staying within the guidelines of the grant is essential so the project can be effectively implemented upon award. Let’s talk.

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Learn How to Write Grants

Grant Writing Made Easy

Itemize and justify each cost associated with the project, from direct costs like materials and labor to indirect costs such as administrative expenses. Beyond structured courses, engaging in specialized training workshops and webinars can further enhance your grant writing skills.