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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. Adequate Monitoring Having great written policies is key, but how do your grantees ensure that they are followed?
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 organizationalbudget based on fundraising is challenging for sure. You need a marketing plan.
Some elements of grant readiness are having 501c3 paperwork, a board of trustees, a bank account, organizationalbudget, accounting staff, mission/vision statements and staff capacity and experience to handle a project. It tells you exactly what grant-specific policies and procedures you need to develop.
Some elements of grant readiness are having 501c3 paperwork, a board of trustees, a bank account, organizationalbudget, accounting staff, mission/vision statements and staff capacity and experience to handle a project. It tells exactly what grant-specific policies and procedures you need to develop.
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 organizationalbudget. We had a client a while back with expenses over $600,000 a year for programs….
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