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Equally, leadership training has become increasingly significant for those who need to be successful at managing and implementing grants, for their leadership skills will have an important effect on their teams and their ongoing efforts to continue procuring external funding. These include: 1.
The pool of funds available for grants in the US is steadily shrinking given that funding is similar from year to year, and those funds are not keeping up with inflation and labor costs. Universally, an institution that succeeds in its external funding efforts is one that develops a culture for grant procurement.
Here are some of the internal controls your grantees should have: Formal Written Policies and Procedures You want to make sure your grantees have documented and defined ways of managing and tracking the funds they receive. What are your procurement standards? Do you have tiered approvals for different amounts?
Auction procurement may be a challenge : Many organizations rely on auctions to generate excitement for in-person events. Due to the pandemic, however, retailers may not be able to fulfill procurement requests. When raising funds virtually, avoid Text to Give : Text To Give involves too many steps for the donor.
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