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How Government Grants Are Changing Grant-Making Policies

GrantNews

Government grant-making policies are shifting the entire world of grants. These grant trends encourage positive changes in society. For example, making grants more accessible by utilizing an online application process. In truth, this is one of the many reasons GrantWatch lists grants for nonprofits and businesses alike.

Policies 106
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Do You Have to Pay Taxes on Grant Money?

GrantNews

Grants serve as critical financial aid for individuals and organizations across various sectors, supporting endeavors ranging from education and scientific research to entrepreneurial ventures. But here’s a big question: Do you have to pay taxes on grant money? We also have sample grants for each category.

Grant 124
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Basics of Nonprofit Accounting: 4 Documents to Know

The Fundraising Coach

If youre just getting started with nonprofit accounting, one of the most straightforward entry points is to learn about some of the key documents involved in this process. Liabilities (account numbers beginning with 2000): Everything your nonprofit owes, including debt, deferred revenue, and accounts payable. should have input on.

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What Are 7 Common Nonprofit Startup Costs?

GrantNews

Cost of Incorporation& Tax-Exempt Status Every nonprofit startup must file a legal document known as the articles of incorporation with their state to begin the process. ” (fundraisingIP.com 2023) Once you’ve completed your state filing, you must then submit IRS ‘Form 1023’ to be granted tax-exempt status.

Insurance 114
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How to Create a Volunteer Handbook Your Volunteers Will Use

Get Fully Funded

Let your volunteers know about your organization’s liability coverage, what it covers and what it does not. Also share with volunteers about the Volunteer Protection Act , which protects volunteers from liability in cases of ordinary negligence. Is there a liability release everyone must sign? Is orientation required?

Policies 119
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Statement of Cash Flows: How Nonprofits Track Inflow and Outflow of Money

Blackbaud

Below, we provide more detail about this document and why it plays such a key role in successful financial management. The Operating Activities section shows cash transactions related to the nonprofit’s core mission, such as donations, grants, and expenses for programs and services.

Finance 98
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Should You Have A Grant Writers Kit?

Red Tape Busters

The idea of having a Grant Writers Kit may sound pointless when every grant has different requirements and the funding objective for an organisation will vary with each grant. However, for Grant Writers, there are many parts to grant writing that are repetitive no matter what the grant is.