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Stewardship Reporting Best Practices for Finance Teams: Tips for Showing Donor Impact 

Blackbaud

For finance teams in donor-focused and grant-funded organizations, working hand-in-hand with fundraising partners is critical to crafting reports that truly engage and tell a story. For finance teams, grant reporting involves aligning financial data with program-specific outcomes.

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Understanding Fiscal Agents: What They Do and When You Need One 

Wild Apricot

All funds go through their bank accounts. Disbursing payments : They pay vendors, staff or reimburse expenses according to your project’s budget. The agent handles the finances but doesn’t control your work. You’re looking for basic help with finance and compliance. They take on real legal and financial responsibility.

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Avoid These 16 Common Nonprofit Audit Mistakes

Blackbaud

When you get a clean bill of health from your doctor, you can feel confident as you navigate through life. Key Takeaways There are several different types of nonprofit audits the finance team is involved with, including financial audits, internal or operational audits, compliance audits, IRS audits, and internal control audits.

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What Nonprofits Should Know About Process Automation

Blackbaud

Process automation can be scary for nonprofit finance teams because it can feel like you are giving up control. Workflows can be analog or done through software. Some were developed through trial and error. How this applies to nonprofits: Look at how an expense moves through your approval process. Someone opens the mail.

AI
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The 2024 Election: A Grant Writer’s Post Mortem

Seliger + Associates Grant Writing

I shared an office with the Finance Director, who was a rabid Reagan Republican. We sat in stunned silence as this dude ticked off the many proposed budget cuts to federal discretionary grant programs (our “mother’s milk”). Congress has yet to pass any FY ’25 (the new FY started Oct. Boy was I wrong.

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Future-Proof Your Organization with Effective Budget Scenarios

Blackbaud

Budget scenario planning may not be for everyone. If your programs always bring in their budgeted revenue, if your major donors always come through when they say they will, and if you receive every grant you apply for, you dont need budget scenarios. And if it does sound like your organization, please share your secrets!

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Project Budgeting for New Grant Writers

Peak Proposals

Grant proposals have at least two parts: the project narrative and the budget (aka cost proposal). There may not be a division of responsibilities between the cost and narrative proposals at a small nonprofit, leaving the project lead (or the grant writer) to both write the proposal narrative and prepare the budget.