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How to Minimize Risk Throughout Your Grant Cycle

Blackbaud

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. How do you minimize the time between requesting grant funds and paying vendors?

Grants 111
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Why You Should Run Your Nonprofit Like a Business

Get Fully Funded

You need a budget. And you need policies, procedures, and processes. If you’re a business, and you don’t have an audience, a brand, a budget, and a marketing plan, you can’t sell your products or services. Drafting an organizational budget based on fundraising is challenging for sure. You need a marketing plan.

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Standing Up A New Grants Management Function

The NonProfit Times

Grant readiness is your organization’s ability to apply for, manage and report on funding. Some elements of grant readiness are having 501c3 paperwork, a board of trustees, a bank account, organizational budget, accounting staff, mission/vision statements and staff capacity and experience to handle a project.

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Standing Up a New Grants Management Function

Grant Professionals Association

But managing publicly funded grants is not the same. I had to flesh out the grants management infrastructure for federal and other public funds. When I started, I understood the Uniform Guidance (UG) and the requirements around managing publicly funded projects. What grants has it received and how were they funded?

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The Small Nonprofit’s Guide to Budgeting

Get Fully Funded

Without an annual budget, you’re swinging in the dark, and could easily overspend, winding up deep in debt or worse, unable to continue your programs. and no organizational budget. Very soon, you’ll have a nonprofit budget that serves you well and helps you manage the finances.

Budget 98