The NonProfit Times

MAY 28, 2024

By Jackie Sue Griffin Securing grant funding is crucial to a nonprofit’s growth, and it starts with crafting a well-planned and realistic budget. Understanding the specific requirements and limitations outlined in the grant application is crucial for developing a budget that aligns with the funder’s priorities and expectations.

Budget 115

Budget Indirect Cost Funding Grants 115

RBW Strategy

FEBRUARY 27, 2025

You are carefully researching different funding sources and feel strongly that federal grant funding will help provide the financial boost that you need to get things moving. There needs to be a robust budget and budget justification that outlines how you will spend your funds, and that these funds comply with federal requirements.

Award 130

Award Federal Grants Policy Policies 130

Planned Giving

FEBRUARY 24, 2025

Notice More and more nonprofits are allocating funds to planned giving marketing as they recognize the need for long-term donor engagement. This quick guide outlines approximate numbers for budgeting planned giving efforts across organizations of various sizes, offering actionable benchmarks to help secure financial sustainability.

Budget 52

Budget Training Demographics Goals 52

Pamela Grow

FEBRUARY 27, 2025

Because your organization cant turn a profit by definition, the goal of tracking your finances is to demonstrate to donors, funders, the government, and the community that youre using your funding responsibly to further your mission. Internally, this report is most useful for budgeting.

Liability 130

Liability Nonprofit Budget Finance 130

Candid

JANUARY 28, 2025

Smaller shares of grantmakers providing technology and tools, unrestricted funding The good news is that a significant majority of funders are now committed to streamlining grant applications (67%) and reporting processes (56%). Funding technology for equitable outcomes Why should this matter to grantmakers?

Funding 87

Funding Nonprofit Budget Strategic Plan 87

Allied Grant Writers

DECEMBER 29, 2024

Introduction to Grant Budgets Understanding the financial aspects of grant applications, particularly budgeting, is essential for both small businesses and non-profits. A well-structured budget can significantly impact the chances of securing funding.

Budget 52

Budget Indirect Cost Grants Grant 52

DoJiggy

JANUARY 10, 2025

Using a golf tournament budget can help organizations plan and prepare for events by anticipating income and expenses. This golf event budget comprises all significant golf outing income (registrations, sponsorships, auctions, raffles, and more) and expense categories (facility, decorations, marketing, and publicity expenses).

Budget 52

Budget Template Insurance Insurance 52

Candid

OCTOBER 10, 2024

The data reveals important insights into disparities in leadership, funding, and support. Key facts about nonprofits with Black CEOs and Key facts about nonprofits with majority Black leadership examine these organizations’ budgets, revenue, and subsectors and regions with the highest representation, among other data points.

Budget 22

Budget Nonprofit Burnout Funding 22

Blackbaud

FEBRUARY 13, 2025

Maintaining compliance can protect existing funding, as well. The Importance of Accurate Time Allocation for Nonprofits Accurate time allocation is a cornerstone for nonprofit organizations, especially those with grant funding. Grants often come with specific stipulations on how funds should be allocated and reported.

Grants 103

Grants Grant Indirect Cost Budget 103

Ann Green's Nonprofit

NOVEMBER 26, 2024

You’ll create strategic plans, brainstorm new projects and programs, and organize campaigns to raise the necessary funds to execute your ideas. To build capacity, you not only need to fundraise efficiently but also track and allocate funds to sustain your organization’s operations as it grows. Chief financial officer (CFO).

Finance 147

Finance Policy Policies Nonprofit 147

Ann Green's Nonprofit

FEBRUARY 11, 2025

This is especially important now because of the current chaos of eliminating (and then not eliminating, at least for now) federal grant funding. This guest post by John Killoran covers a variety of revenue sources to help you diversify your funding. We also saw disruption five years ago when the COVID-19 pandemic started.

Nonprofit 165

Nonprofit Grants Grant Donation 165

Blackbaud

MAY 6, 2024

Like a good recipe, your nonprofit budget requires high-quality ingredients, easy-to-follow steps, and a knowledgeable cook or two to put it together. Here are a few simple steps to help you create a solid budget that helps your organization allocate resources effectively and makes your budgeting process easier.

Budget 119

Budget Strategic Plan Finance Insurance 119

Blackbaud

JANUARY 9, 2025

Find the Right Number for Your Nonprofit Operating Reserves The Nonprofit Operating Reserves Initiative (NORI) Workgroup suggests that the minimum operating reserve ratio at the lowest point during the year should be 25 percent, or about three months of the annual operating expense budget. However, this is not a universal benchmark.

Contracts 104

Contracts Contract Budget Nonprofit 104

Blackbaud

DECEMBER 23, 2024

When your nonprofit is just getting started, your budget for an accounting system is likely very close to $0. Those low-cost tools can be a great way to launch and gain momentum, but there comes a point for every nonprofit when the time it takes to manage your fund accounting workarounds outweighs the cost of upgrading your system.

Finance 105

Finance Organizational Budget Budget Nonprofit 105

Future Fundraising Now

FEBRUARY 4, 2025

Other nonprofit sectors: Funding is back. Heres my best advice for now: If you have no direct or indirect federal money in your budget: You are probably okay. If you face a loss of funding (direct, indirect, even potential): Ask your donors to help! Shift emphasis (and budget) toward individual donor engagement strategies.

Funding 62

Funding Indirect Policy Policies 62

Blackbaud

FEBRUARY 14, 2025

Its hard to choose to put funds into operating reserves when that could help one more person transition out of homelessness. By tapping into operating reserves, organizations can bridge temporary gaps in funding without compromising their immediate operations.

Management 103

Management Policy Policies Budget 103

NonProfit PRO

NOVEMBER 1, 2023

Relying on multiple spreadsheets to manage budgets? Register for this Tuesday, November 14 webinar to learn tips and tricks to streamline fund tracking, data entry, reporting, and workflows for your annual budget. Spending too much time manipulating data?

Budget 111

Budget Management Funding 111

Allied Grant Writers

DECEMBER 26, 2024

Unlocking Funding Opportunities with Grant Writing The Importance of Grant Writing for Non-Profit Organizations Grant writing is a vital skill for non-profit organizations seeking funding. These funds can provide essential resources, allowing them to expand their services and impact their communities.

Grant Writing 52

Grant Writing Funding Grants Grant 52

Millionaire Grant Lady

SEPTEMBER 30, 2024

This change affects nonprofit organizations by increasing the overall budget for staff salaries. This change might mean more nonprofits see budget shortfalls in the coming year. Foundation funding for staff could be used to bridge this gap in funding. How Will This Change Impact Foundation Funding For Staff And Overall?

Funding 130

Funding Consulting Consultant Consulting 130

Allied Grant Writers

DECEMBER 26, 2024

They provide essential funding that helps these organizations execute their missions, develop programs, and serve their communities. Here is a breakdown of how grants impact nonprofit organizations: Impact Area Description Financial Stability Grants offer critical funding to sustain and grow operations.

Funding 52

Funding Grants Grant Grant Writing 52

Candid

DECEMBER 20, 2023

After all, the only way you can fulfill your organization’s mission is if you can bring in the funding you need to support your programs and initiatives. You should also have a plan for how to effectively manage your funding, which is where your financial strategy comes into play.

Budget 108

Budget Strategic Plan Nonprofit Goals 108

GrantNews

DECEMBER 11, 2024

On average, sources estimate that 1 in 7 applications are approved for funding. 9 Tips to Increase Your Chances of Winning a Grant 1) Target Your Funders There are many different types of funding sources, but which funding source is best for you? What are your chances of winning a grant? GrantWatch is here to help!

Grants 111

Grants Grant Proposal Application 111

Blackbaud

MAY 3, 2024

With multiple points of accountability and dynamic funding sources, accounting professionals in community health centers face complex challenges. And with that form of funding comes significant compliance requirements. With fund accounting software, you get an extra level of control over grant expense tracking and reporting.

Funding 104

Funding Budget Software Grants 104

Blackbaud

APRIL 2, 2024

To meet those requirements, you’ll need to be able to successfully track and manage your grants and effectively report on how you allocated these funds. If you are a grant-funded organization, it will be important to manage spending restrictions and meet reporting requirements. Tracking: Cut Out the Spreadsheets!

Indirect Cost 115

Indirect Cost Indirect Funding Software 115

The Chronicle of Philanthropy

NOVEMBER 20, 2024

With revenues down and costs rising, a growing number of nonprofits are cutting budgets, laying off staff, and even closing their doors. By Jim Rendon With revenues down and costs rising, a growing number of nonprofits are cutting budgets, laying off staff, and even closing their doors.

Funding 117

Funding Budget Nonprofit 117

Blackbaud

APRIL 8, 2024

All in unrestricted funds with no reporting necessary. While nonprofits will hopefully see an increase in unrestricted funds—and a decrease in burdensome reporting requirements—as part of this and other movements, good nonprofit accounting principles still apply. What Are Restricted Funds? What are Unrestricted Funds?

Funding 111

Funding Indirect Cost Pass-Through Donation 111

AmpliFund

MARCH 13, 2024

In our recent webinar, I detailed ways to improve grant budgeting and ease financial reporting. Key considerations for your budget planning process: Strong financial planning in the early grant stages sets the stage for successful program implementation and reporting.

Budget 103

Budget Amplifund Grants Grant 103

Millionaire Grant Lady

FEBRUARY 10, 2025

Alex Dunn, CFRE, is a grant consultant who founded the company Millionaire Grant Lady and Associates to help busy nonprofits save time and money while maximizing their grant funding. Alex has won more than $100 million in grant funding for her clients, and she uses this expertise to guide her work with each nonprofit client.

Consulting 130

Consulting Consulting Consultant Grants 130

DoJiggy

FEBRUARY 4, 2025

If youre looking for a unique and engaging way to raise funds, consider hosting a paint and sip fundraiser. Budgeting: Negotiate a fair fee for their time and expertise, or ask if theyre willing to donate their services in exchange for promotion. For guidance on managing fundraising budgets, see our event budgeting tips.

Funding 52

Funding Fundraising Budget Goals 52

Greater Giving

JULY 23, 2024

Pro Tips for Live Auction Success on a Budget Storytelling is Key: Craft a compelling narrative for each item, highlighting the unique experience it offers. The post Big Impact, Small Budget: Live Auction Ideas for Small Nonprofits appeared first on Greater Giving Blog. Live auctions don’t have to break the bank.

Budget 100

Budget Pass-Through Transportation Nonprofit 100

Blackbaud

JANUARY 13, 2025

Why Organizations Should Experiment with Revenue Diversity Even when your revenue channels are strong, nonprofits should always be experimenting with their funding models. Factor in all costs, including staff time, and forecast different scenariosbest case, worst case, and most likelyto understand the impact on your budget.

Finance 105

Finance Strategic Plan Consulting Consulting 105

GrantNews

DECEMBER 19, 2024

Because of this, Nonprofits walk a tightrope when managing their funds. Above all, donations and grants work together to provide vital funding to ensure a nonprofit’s budget is sustainable. Because of this, GrantWatch lists grants providing funding for nonprofit organizations to help fill in the gaps.

Education 96

Education Grants Grant Donation 96

Blackbaud

MARCH 10, 2025

Show You Have Nothing to Hide in Allocation of Funds Blackbaud Institute research found 76% of donors are concerned about what portion of their donation goes to overhead. Or, if a donor wants to know where their funds are going, pull up an accountability summary of the gift. This is how you maintain trust.

Finance 85

Finance Fundraising Software Budget 85

Grant Writer Team

NOVEMBER 7, 2024

They focus on helping nonprofits maximize their limited resources, bringing specialized knowledge in grant writing, budgeting, and project presentation. Funding is to benefit individuals with disabilities, as well as low-income families, children, and youth. Funds for Programs Addressing Community Needs !

Grant Writing 67

Grant Writing Proposal Nonprofit Grants 67

GrantNews

AUGUST 5, 2024

Receiving grant funding can be incredibly rewarding! With a grant listing service like GrantWatch, you can explore a diverse array of grant funding opportunities, catering to individuals, businesses, and nonprofits alike. Let’s take a peek at the exciting world of grant funding and discover how to make the most of it!

Funding 112

Funding Grants Grant Application 112

Candid

NOVEMBER 21, 2024

The stakes are high; securing funds means supporting the needs of my own community. Advocate for unrestricted funding Black-led organizations often operate with limited resources. Unrestricted funding can offer the flexibility to focus on sustainability and growth, alleviating the pressure on fundraisers to reach funding goals.

Fundraising 21

Fundraising Burnout Funding Budget 21

Blackbaud

APRIL 10, 2024

You know how important it is to manage your funds according to their purpose and source. Or do you have to rely on manual workarounds, spreadsheets, and guesswork to track and report on your restricted funds? Without fund accounting software, tracking at that level of detail must be done manually outside the system.

Funding 111

Funding Management Software Finance 111