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The Financial Edge: Crafting Budgets for Grant Success

Allied Grant Writers

The primary parts of a grant budget include personnel costs, project expenses, and administrative and indirect costs. Personnel Costs Personnel costs encompass the expenses related to the staff involved in the grant-funded project. These may include utilities, rent, and general administrative costs.

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Why Accurate Payroll and Time Allocation Is Crucial for Your Nonprofit Grant Reporting

Blackbaud

Train Your Staff Training staff on the proper procedures for time tracking and payroll allocation is crucial. Regular training sessions can also help address any questions or concerns, ensuring a smooth and efficient allocation process. This understanding helps in accurate allocation and prevents potential issues with funders.

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Top Accounting Tips for Government Grants

Blackbaud

Know your numbers: Review any similar programs and calculate average cost per participant, personnel time allocation percentages, and indirect cost ratios to inform budget projections. Establish your indirect cost rate: Calculate your cost rate and understand the de minimis rate available to your organization.

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More Than Fiduciary Oversight – How Board Members Can Support the Grant Writing Team by Megan Campbell, MPA, GPC

Assel Grant Services

indirect costs, matching funds, supplanting). Learn more about related topics such as managing up , building relationships with funders , and the ethics of prospect research with AGS online training sessions available on demand. Understand the issues that could impact their nonprofit agencys finances (e.g.,

GPC
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Yes, the GrantSummit is Still Relevant to Me, a Grant Professional of over 20 Years!

Grant Professionals Association

Author Bio : Julie Assel, GPC, CGMS is the President/CEO of Assel Grant Services, a comprehensive professional grant services firm offering pre- and post-award grant services, training, and consultation across the grant lifecycle.

GPC
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Most Common Grant Proposal Errors (and How to Fix Them)

Grant Writing Made Easy

Define SMART outcomes: Swap broad objectives for measurable goals like, “Train 25 youth by Q4, with 80% finding employment within six months.” If allowed, include both direct and indirect costs. Tie each cost to a purpose: Funders should be able to see how each expense contributes to your goals.

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What Are Payroll Grants and Where Can I Find Them?

GrantNews

Applicants may request an indirect cost rate of up to 15 percent of the total award request. Costs may include but arent limited to payroll processing , audit fees, and office equipment. In addition, grants are also frequently available for workplace training and workforce development.