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4 Ways Effective Grant Management Impacts Nonprofit Finances

DH Leonard Consulting & Grant Writing Services

Note from Diane: You know how passionate our team is about thinking about your grant management work (your post-award work) to help strengthen your grant applications (your pre-award) work. Its why we partner with MyFedTrainer.com to deliver grant writing supports and training on both the pre-award and post-award side of things.

Finance 52
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Financial Sustainability for Nonprofits: 4 Considerations

Ann Green's Nonprofit

Effective financial management is critical for your nonprofit to grow and thrive long-term. One important but sometimes overlooked step in future planning is ensuring proper nonprofit financial management. According to Jitasa , most nonprofits start out using the cash accounting method to track their finances—i.e., Methodology.

Finance 148
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Questions to Ask If You Are Thinking About Moving to a New GMS

Blackbaud

When your grantmaking organization first started, you didn’t need a lot of functionality to manage your single program and a handful of grantees. Make sure you have the right people in the right roles to manage the switch. This should include input from all stakeholders, including database managers, program staff, and IT personnel.

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The Professionalization of Grants: Scaling Your Grants Program Through Effective Infrastructure

Grant Professionals Association

Like individual fundraising, securing grants requires strong collaboration with finance, program staff, and leadership. Some organizations have a well-established grants culture, while others are still learning what it takes to prepare grant applications. Do program staff understand their role in grant success?

Grant 52
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Register Now! Beyond the Ledger: Nonprofit Finance Summit

NonProfit PRO

Nonprofit leaders are invited to Beyond the Ledger: Nonprofit Finance Summit, a free virtual event on March 13. Earn free CPE credit, network with other finance leaders and get inspiration to optimize strategic planning, reporting, grant management and accounting operations.

Finance 89
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Grant Distribution Best Practices: 5 Tips for Funders

Blackbaud

Set a benchmark so any payments under that amount, such as $5,000, only need to be approved by the grants manager. Any payments over that amount need to be approved by the grants manager and a member of leadership. Establish tiered approvals for payments, just like you do for your expenses.

Grant 53
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4 Nonprofit Financial Management Challenges (& Solutions)

Get Fully Funded

When you start a nonprofit, one of the most important things to figure out is how to manage your organizations finances. As your organization expands and evolves, many complexities can arise, making financial management more difficult for your team. Lets get started!