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Thinking through the post-award experience from a pre-award vantage Picture this – you work at a nonprofit and have a big, audacious project that you are looking to get off the ground. Also, check the reporting requirements and other legislation requiring your adherence. Do those documents provide a path for handling the unexpected?
Organizations are always making miracles happen on tight budgets. Above all, planning for financial sustainability comes down to Budgeting and Expenses: First, sit down with your accountant. Speak with your accountant to explore what “contract positions” entail. A penny saved is a penny earned. Next, prioritize fixed expenses.
Whether you are a recipient, pass-through entity, or subrecipient, you have been given the unique responsibility of becoming a steward of federal grant funds. Through these policies and procedures, you’ll want to answer the following questions: Has management designed policies and procedures to handle a wide variety of circumstances?
We’ll start by discussing the “why” of these changes, why the Office of Management and Budget (OMB) decided to make them now, and how they align with larger changes happening in the federal government. I co-led a session through MyFedTrainer in which we discussed these topics more in-depth. Let’s examine each one. Plus, there’s more….
Nonprofit financial management is the process of managing the money that flows through your not-for-profit organization. In a perfect world, your budget will always be balanced. Here is what you need to know to strengthen your financial savvy and keep your nonprofit on a strong financial foundation.
Whether you aim to purchase new sports equipment, fund a class trip, or renovate the library, your fundraising efforts can gain a major boost through sponsorships. It is easy for a message to slip through the cracks. Lasting relationships are formed through regular communication, recognition, and follow-up.
And what fees are companies using to nickel and dime an organization, making their “free” contract actually too good to be true? Other companies also may have a payment structure that requires nonprofits with larger budgets to pay more for the same thing others are paying less for. Curious to try a peer-to-peer campaign?
Before starting any application, take the time to build a project outline (including the what, how, why, when and projected impact of the project) as well as an itemised budget. We often see applications that describe the project, yet the budget doesn’t properly reflect the project description.
As you craft your application, think through what data requests you might receive and what data you’ll need from the application to populate contract documents later when you move approved applications immediately to post-award monitoring. Double check small details that are easy to pass over, like the year.
Compliance and best practices in grant management is usually associated with federal grant awards, but it equally applies to state and local government funding, pass-through funding (which likely originated at the federal level), and foundation and corporate grants (though maybe not as stringent). Choose not to use them altogether.
Encourage your donors to update their card information often, and don’t hesitate to reach out when you see a payment not go through. Even though having your posts grouped under #GivingTuesday is helpful for people looking to give to organizations like yours, it’s still a good idea to think through how you can make your posts distinctive.
Work to create a fairer judicial environment for nonprofits NIA has been working for several years to help pass common-sense laws in the most problematic states to help level the playing field so that nonprofits are not being held accountable for things over which they have no control.
If you’re ready to go beyond annual giving and unlock a more sustainable future through legacy gifts, read on. In this comprehensive guide, we’ll walk you through the entire process of starting a planned giving program. Bequests A bequest is simply a term for a gift made through a will.
How to do it Assess your grant or contract language to identify which programs could be impacted by the changes in federal funding. For each grant, estimate how much of the total grant or contract might be affected, and work with your program staff to document the impact on programs and services.
Vaeth, President Trumps Acting Director of the Office of Management and Budget (OMB) sought to greatly expand the pause and review process to all federal assistance awards as defined in the Uniform Guidance (see 2 CFR 200.1) through OMB Memo M-25-13 issued on January 27, 2025. Now, Matthew J. City of New York, 420 U.S.
The Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), passed in 2021 and 2022, respectively, provide funding for both new and existing (prior to Biden) grant programs over several years. Most IRA funds were appropriated in FY 2022 and are to remain available through FY 2030.
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