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10 Steps to Creating an Effective Nonprofit Budget

Blackbaud

Budgeting for a nonprofit organization is much like planning that road trip. In this blog post, you’ll learn the essential steps for creating an effective nonprofit budget. What Is the Purpose of a Budget for Nonprofits? At its core, your budget is a list of expected revenue and expenses for a set timeframe.

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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. This article breaks the grant lifecycle into two main phases: the pre-award phase and the post-award phase. Ensure compliance.

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How to Write a Killer Letter of Inquiry (LOI) to Get a Grant

Get Fully Funded

Often, the first step in getting a grant is a Letter of Inquiry (sometimes called a Letter of Intent ) – or LOI, for short. Thats when youll be asked to provide detailed financial reports, budgets, and plans for executing your program and measuring your success. Grant writing doesn’t get any better than that!

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Take the Stress Out of Budgeting for Your K–12 Private School

Blackbaud

Like your K12 private school budget. A well-crafted budget is essential for aligning financial resources with the strategic goals of your private school, and with the right processes and tools, it doesnt have to be stressful. Your school may have multiple budgets, each with a different purpose.

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Grant Distribution Best Practices: 5 Tips for Funders

Blackbaud

An efficient grant distribution process builds trust with your grantees and improves transparency across your organization. Here are five tips for streamlining how you get grant awards to your recipients. This is also where you can set up your grant distribution process for success.

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GivingUSA 2024 | What Small Nonprofits Need to Know

Pamela Grow

Taking precedence — for instance — over grants or business support. One that includes realistic goals for grants and corporate support, individual support, program support, and events. And a budget for it. Download Encouraging Longevity in Nonprofit Development to discover the secrets behind employee retention.

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Managing Your Operating Reserves During and After an Emergency

Blackbaud

These may include delays in grant approvals, rescheduling of major events due to unforeseen circumstances, or sudden increases in demand for disaster relief services. Budget Line Item for Reserves: Include a specific line item in the budget dedicated to contributing to the operating reserves.