Remove Award Remove Finance Remove Indirect
article thumbnail

Top Accounting Tips for Government Grants

Blackbaud

This guide covers the fundamentals that your finance team needs to know during every stage of the grant so you can handle it confidently from award to closeout. Understanding the Grant Lifecycle for the Finance Office Government grants follow a predictable journey, and the finance team plays a mission-critical role at each stage.

article thumbnail

More Than Fiduciary Oversight – How Board Members Can Support the Grant Writing Team by Megan Campbell, MPA, GPC

Assel Grant Services

While board members play an important role in assuring agency finances and grant funds are treated ethically, they are also partially responsible for resource development that is, ensuring their organization has the resources needed to fulfill its mission. Understand the issues that could impact their nonprofit agencys finances (e.g.,

GPC
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Decoding the Enigma: Unveiling the Power of What is a Grant

Allied Grant Writers

Introduction to Grants Definition and Purpose of Grants A grant is a financial award provided by a government agency, foundation, or corporation to support initiatives aligned with their objectives. Foundation Grants Foundation grants are awarded by private or community foundations.

article thumbnail

Crafting Opportunities: Exploring the Grant Writing Process

Allied Grant Writers

Grant Writing Essentials Understanding Grants and Their Purpose Grants are financial awards provided by governments, foundations, or corporations to support a specific project or initiative. Budget A detailed account of the financial resources needed, including direct and indirect costs.

article thumbnail

13 Tips for Ensuring Government Grant Compliance for Your Nonprofit Organization

Blackbaud

Incorporate these best practices into your processes before applying for a grant and after you win an award to make sure you stay compliant with the grant requirements. Pre-Award Preparation Have certain policies and processes in place before applying for a grant so you can be confident you meet their requirements and there are no surprises.

article thumbnail

Why Fund Accounting Software Beats Spreadsheets for Nonprofit Grant Reporting and Compliance

Blackbaud

No matter your mission, grant reporting will help drive success by ensuring compliance and accurately reporting on these awards. Fund accounting software can allow you to accurately curate grant reports to track restrictions, set budgets, and audit grant awards. There are endless possibilities as you scale your grant awards.

article thumbnail

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

Blackbaud

From creating a financial cushion to clearly managing your financial reporting, your finance team can create a strong foundation to help you weather whatever the new year has in store. This will help you understand what gaps you may have in skills or resources and give you time to address those before you win an award.