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Crafting Opportunities: Exploring the Grant Writing Process

Allied Grant Writers

Budget A detailed account of the financial resources needed, including direct and indirect costs. Indirect Costs : These include overhead expenses that support the project but are not directly charged, such as utilities or administrative costs. Sustainability Plan Information on how the project will continue after grant funding ends.

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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

Calculate Your Indirect Cost Rate Complete and correct cost allocation is key to the financial stability of your organization. If you aren’t including indirect costs—such as salaries or rent—into your funding requests or program planning, you are setting yourself up for stress later in the year. Tip 2: Review your scheduled reports.

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3 Strategies to Build Your Organization’s Financial Capacity

Blackbaud

Calculating indirect costs can be challenging. Talking about appropriate metrics with your team could help your organization shed the fear-based mentality and create a culture of transparency. Conversations about the organization’s finances do not have to elicit fear and anxiety—even when the numbers aren’t great.

Finance 119
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5 Essential Employee Retention Tips for Nonprofit Managers

Blackbaud

For example, organizations might still use in-person meetings as a key metric for gift officers despite communication preferences and habits changing so dramatically post-2020. All of your organization’s practices directly or indirectly contribute to retention by creating a more engaging and well-run workplace.

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Elevate Your Funding Prospects: Key Grant Writing Resources Revealed

Allied Grant Writers

Evaluation Plan : A strategy for assessing the success of the project, including metrics to measure impact. Indirect Costs : Overhead costs, such as utilities and administrative expenses. Indirect Costs Overhead and administrative costs. Section Elements Executive Summary Clear overview of project and its importance.

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Are we making progress? Identifying organizational outcomes 

Candid

Why outcomes matter As a nonprofit that serves other nonprofits (rather than providing direct services), the impact we make is typically indirect. Metric: Nonprofits spend less time and money per dollar raised. Metric: Nonprofits led by people of color receive their fair share of grant dollars. The post Are we making progress?

Metrics 52
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Your Unrestricted Funds Need Stewardship, Too

Blackbaud

Many don’t cover operating costs or have a small allotment for indirect costs such as salaries, insurance, and utilities. So, the organizations behind the grants use the reporting requirements to make sure the funds go towards addressing those impact areas. Restricted funds often outline what they will fund and what they won’t.

Funding 111