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How Government Grants Are Changing Grant-Making Policies

GrantNews

Government grant-making policies are shifting the entire world of grants. These grant trends encourage positive changes in society. For example, making grants more accessible by utilizing an online application process. In truth, this is one of the many reasons GrantWatch lists grants for nonprofits and businesses alike.

Policy 106
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The 4 Core Nonprofit Financial Statements & Their Insights

Pamela Grow

Each of these documents organizes and summarizes your organizations financial data in a different, actionable way to promote improved internal decision-making and external transparency. Liabilities. These appear on the statement in order of payment due date, with short-term investments listed above long-term liabilities.

Liability 130
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Do You Have to Pay Taxes on Grant Money?

GrantNews

Grants serve as critical financial aid for individuals and organizations across various sectors, supporting endeavors ranging from education and scientific research to entrepreneurial ventures. But here’s a big question: Do you have to pay taxes on grant money? We also have sample grants for each category.

Grants 124
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Estate Planning Essentials: 10 Crucial Documents for Organizing Your Affairs

Planned Giving

This entails organizing various legal documents to ensure your wishes are respected. Below is a comprehensive checklist of the essential documents needed for effective estate planning, why they are important, and how to obtain them. Sign the Document : Ensure it is signed and notarized.

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What Are 7 Common Nonprofit Startup Costs?

GrantNews

Cost of Incorporation& Tax-Exempt Status Every nonprofit startup must file a legal document known as the articles of incorporation with their state to begin the process. ” (fundraisingIP.com 2023) Once you’ve completed your state filing, you must then submit IRS ‘Form 1023’ to be granted tax-exempt status.

Insurance 114
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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?

Policy 119
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Should You Have A Grant Writers Kit?

Red Tape Busters

The idea of having a Grant Writers Kit may sound pointless when every grant has different requirements and the funding objective for an organisation will vary with each grant. However, for Grant Writers, there are many parts to grant writing that are repetitive no matter what the grant is.