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Pre- and Post-Award is like PB&J

RBW Strategy

There needs to be a robust budget and budget justification that outlines how you will spend your funds, and that these funds comply with federal requirements. If there are specific funding restrictions or caps in specific cost categories, how are you accounting for that in your budget, and does this impact your project narrative?

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Is It Time for Your Nonprofit or School to Make a CRM Change?

Blackbaud

There is no simple answer to the question of whether to consider a new constituent relationship management system. Change management: How does your team respond to change ? Save budget talks for the evaluation phase. Would you like to connect your CRM with your financial management system ? What about reports?

CRM
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Beyond the Award: Why Every Grant Professional Needs Post-Award Management Skills

Grant Professionals Association

But often it is the effective post-award management of these funds that builds credibility with funders and creates systems for even further growth. While these are important skills, post-award grant management is equally essential—and increasingly expected of those who serve in the profession.

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How to Develop Your Nonprofit Operating Reserves

Blackbaud

Find the Right Number for Your Nonprofit Operating Reserves The Nonprofit Operating Reserves Initiative (NORI) Workgroup suggests that the minimum operating reserve ratio at the lowest point during the year should be 25 percent, or about three months of the annual operating expense budget. However, this is not a universal benchmark.

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Understanding the Grant Lifecycle: Info for Nonprofits

Blackbaud

Many nonprofits rely heavily on grants to fund their missions, but successfully securing and managing grants requires a clear understanding of the grant lifecycle. Proper management ensures funds are allocated efficiently and projects deliver the intended impact. Optimize resource use. Build stronger funder relationships.

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Grant Distribution Best Practices: 5 Tips for Funders

Blackbaud

Set a benchmark so any payments under that amount, such as $5,000, only need to be approved by the grants manager. Any payments over that amount need to be approved by the grants manager and a member of leadership. These can include disbursement timelines, budget allocation, and project progress.

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3 Signs Your Organization Needs a Nonprofit Accounting System

Blackbaud

When your nonprofit is just getting started, your budget for an accounting system is likely very close to $0. Those low-cost tools can be a great way to launch and gain momentum, but there comes a point for every nonprofit when the time it takes to manage your fund accounting workarounds outweighs the cost of upgrading your system.