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The Financial Edge: Crafting Budgets for Grant Success

Allied Grant Writers

Introduction to Grant Budgets Understanding the financial aspects of grant applications, particularly budgeting, is essential for both small businesses and non-profits. A well-structured budget can significantly impact the chances of securing funding.

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Top Accounting Tips for Government Grants

Blackbaud

Working with your program and development teams, your finance staff identifies funding gaps, supplies important budget numbers, sets up projects in your accounting software, establishes spending approvals, and creates reporting schedules. Here are the key roles for your finance office throughout the government grant lifecycle.

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Crafting Opportunities: Exploring the Grant Writing Process

Allied Grant Writers

Budget Details how funding should be allocated. Budget A detailed account of the financial resources needed, including direct and indirect costs. To delve deeper into managing finances related to your proposal, explore our article on budgeting for grants. Objectives Outlines the goals the grant aims to achieve.

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Understanding Nonprofit Overhead: Strategies for Transparency and Efficiency in 2025

Blackbaud

But recent events and changing philosophies on overhead costs have shed light on these expenses, which are required to run a functioning nonprofit. Office of Management and Budget (OMB) revised their uniform guidance in 2024, increasing the de minimus (or standard) rate allowed for indirect costs—overhead for federal grants—from 10 to 15%.

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Grants for Church: A Comprehensive Guide to Securing Funding for Ministry and Community Outreach

Allied Grant Writers

Churches that invest in research and development for new programswhether in youth ministry, senior outreach, or interfaith dialogueoften rely on grants to test new ideas without overextending their regular budgets. This should include both direct and indirect costs, ensuring transparency and accountability.

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What is Grant Writing: Master the Art of Winning Proposals

Allied Grant Writers

A strong grant proposal has sections about the organization’s background, project details, story, budget, and ways to measure success. Other mistakes come off the top of my head: unclear goals, not enough preliminary data to prove feasibility, and weak budget justifications. The nonprofit sector gets nearly 31.8%

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

Blackbaud

With a fund accounting software system designed for nonprofits, you can fully track all your grants, especially restricted grants, in one place. Fund accounting software can allow you to accurately curate grant reports to track restrictions, set budgets, and audit grant awards. Ready to tackle the tasks of grants?