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Your New Budgeting Superpower: Program-Based Budgeting

Blackbaud

As a nonprofit finance leader, you are constantly aware of the many different pulls on your funding availability. The best way to manage those differing priorities is through budget management tools that give you a clear view of each program, instead of trying to pull apart the organizational budget.

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3 Signs Your Organization Needs a Nonprofit Accounting System

Blackbaud

Those low-cost tools can be a great way to launch and gain momentum, but there comes a point for every nonprofit when the time it takes to manage your fund accounting workarounds outweighs the cost of upgrading your system. It may be time to look for a fund accounting system with subfund capabilities when you notice these three signs.

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Navigating Economic Uncertainty: Smart Tips for Small Nonprofits

Get Fully Funded

Diversify Funding Streams: Relying heavily on one or two funding sources can be risky ANY day and especially during an economic downturn. Build a Cash Reserve: Aim to build an emergency fund that can cover at least 3-6 months of operating expenses. Basically, youre creating an organizational budget that reflects your scenario.

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Standing Up A New Grants Management Function

The NonProfit Times

Often when grant professionals come into new roles, they are responsible for standing up the new grant management function at their organization. If this includes the capacity to manage grants with a federal origin, the task can be daunting. Grant readiness is your organization’s ability to apply for, manage and report on funding.

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Standing Up a New Grants Management Function

Grant Professionals Association

I have been in chat rooms and webinars with people who are new to the grants profession and have been asked to stand up the grants management function for their organization. I spent many years as a successful grant professional and managed grants that were not from public sources. But managing publicly funded grants is not the same.

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So Now What? Finding Funding for Your Nonprofit

Tech Soup

Organizational age and U.S. The charts in these reports show the frequency of funding by source, such as private foundations, corporate giving programs, and local governments. This data will give you an idea of reasonable award goals and help you to manage your stakeholder expectations. Annual Budget.

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How to Minimize Risk Throughout Your Grant Cycle

Blackbaud

Here are some of the internal controls your grantees should have: Formal Written Policies and Procedures You want to make sure your grantees have documented and defined ways of managing and tracking the funds they receive. How do you minimize the time between requesting grant funds and paying vendors?