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How Government Grants Are Changing Grant-Making Policies

GrantNews

Grants provide vital funding to programs that support things like medical research, feeding the hungry, and housing for underserved communities. Grant Policies – A Short History of Federal Grant Policy Bipartisan Grant-Making Policies Government grants address vital social needs by funding various causes.

Policies 106
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Do You Have to Pay Taxes on Grant Money?

GrantNews

Whether your grant is tax-free or taxable depends on its purpose and how the funds are used. Navigating the tax framework supporting grant money requires careful consideration to ensure compliance with IRS regulations and avoid potential tax liabilities. Funding assists individuals pursuing advanced degrees in any field.

Grant 124
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How to Create a Volunteer Handbook Your Volunteers Will Use

Get Fully Funded

Let your volunteers know about your organization’s liability coverage, what it covers and what it does not. Also share with volunteers about the Volunteer Protection Act , which protects volunteers from liability in cases of ordinary negligence. Is there a liability release everyone must sign? Is orientation required?

Policies 119
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What Are 7 Common Nonprofit Startup Costs?

GrantNews

While forming a nonprofit can be a long and stressful process, we hope this list brings some clarity to what costs you will need to set aside to adequately fund your nonprofit venture. Nonprofits often use a lawyer to get a set of ‘trained professional eyes’ on their documents. Funding offsets start-up costs.

Insurance 114
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Statement of Cash Flows: How Nonprofits Track Inflow and Outflow of Money

Blackbaud

Below, we provide more detail about this document and why it plays such a key role in successful financial management. It reflects how the organization funds its operations beyond what is generated through its mission-related activities. How Do Organizations Use the Statement of Cash Flows? Yes, different types of nonprofits (e.g.,

Finance 94
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How to Create a Nonprofit Chart of Accounts: 3 Steps + Tips

Get Fully Funded

While maximized fundraising seems like the solution, the truth is that it takes responsible allocation of your resources to make sure every dollar is used wisely—and this starts with effective documentation. Most COAs are organized into five categories: assets, liability, net assets, revenue, and expense accounts.

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Statement of Activities (SOA): A Nonprofit’s Income Statement Equivalent

Blackbaud

Nonprofits may differentiate between restricted and unrestricted funds in the Statement of Activities depending on the intent of the report. Grants Received: Funds provided by government agencies, corporate sponsors, or other foundations. This may include rent, utilities, repairs, and maintenance.