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4 Ways Effective Grant Management Impacts Nonprofit Finances

DH Leonard Consulting & Grant Writing Services

Note from Diane: You know how passionate our team is about thinking about your grant management work (your post-award work) to help strengthen your grant applications (your pre-award) work. Its why we partner with MyFedTrainer.com to deliver grant writing supports and training on both the pre-award and post-award side of things.

Finance 52
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Financial Sustainability for Nonprofits: 4 Considerations

Ann Green's Nonprofit

In it, include guidance on gift acceptance, conflicts of interest, expense reimbursement, and staff compensation, among other aspects of nonprofit finance. According to Jitasa , most nonprofits start out using the cash accounting method to track their finances—i.e., Methodology. Chief financial officer (CFO). Bookkeeper.

Finance 147
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You Won the Grant—Now What? Mastering Post-Award Chaos Without Losing Sleep

Lightning Fast Grant Writing

Include: Key reporting deadlines Required data collection points Budget monitoring schedules Compliance checklists Use project management software (like Asana, Trello, or ClickUp) or a specialized grant management system to set reminders and assign tasks. Step Two: Divide and Conquer Grant writers shouldnt have to do everything.

Award 130
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Understanding the Grant Lifecycle: Info for Nonprofits

Blackbaud

Proper management ensures funds are allocated efficiently and projects deliver the intended impact. Effective grant management is a continuous process requiring coordination, transparency, and a commitment to improvement at every stage. Many solutions have tools that provide valuable functionality for grant management.

Grants 71
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Register Now! Beyond the Ledger: Nonprofit Finance Summit

NonProfit PRO

Nonprofit leaders are invited to Beyond the Ledger: Nonprofit Finance Summit, a free virtual event on March 13. Earn free CPE credit, network with other finance leaders and get inspiration to optimize strategic planning, reporting, grant management and accounting operations.

Finance 89
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Questions to Ask If You Are Thinking About Moving to a New GMS

Blackbaud

Make sure you have the right people in the right roles to manage the switch. This includes a grants manager to handle day-to-day implementation tasks, as well as consistent leadership to support the change. If you don’t have the right people in place, you may consider postponing the move to a new grants management system.

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Grant Distribution Best Practices: 5 Tips for Funders

Blackbaud

Set a benchmark so any payments under that amount, such as $5,000, only need to be approved by the grants manager. Any payments over that amount need to be approved by the grants manager and a member of leadership. Establish tiered approvals for payments, just like you do for your expenses.

Grants 59