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Understanding the Grant Lifecycle: Info for Nonprofits

Blackbaud

Key best practice: Early cross-department collaboration helps ensure project readiness and strengthens grant proposals by demonstrating organizational capacity. Accept Funding Accepting funding requires more than just signing a contract. Objective: Formally acknowledge and accept the grant award.

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9 Best Practices for Strong Nonprofit Financial Management

Blackbaud

Depending on your organization’s focus and activities, you may have different types of funding, such as grants, contracts, donations, program fees, sponsorships, or merchandise sales. You can also attach supporting documents, such as invoices, receipts, and contracts, to your transactions, and access them easily when needed.