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Series: A Guide to Grant Management Part One: Getting Started
Grant funding is vital in the nonprofit sector. This type of financial support from corporations, foundations, or government entities is especially beneficial because it does not need to be paid back, it is typically for a larger amount to support programming or development, and it can increase the visibility and credibility of your nonprofit.
While beneficial, the grant funding process from pre-award to post-award can be tedious and time-intensive if you do not have the proper grant management strategies in place. Developing effective grant management practices keeps you organized, allowing you to streamline tracking, tasks, and requirements throughout the entire process.
Ultimately, grant management can also increase the success rate of your submitted proposals by ensuring you are applying for the right opportunities based on your funding objectives and available resources, learning from past proposals, and meeting all expectations for current proposals.
Learn how to start your grant journey on the right foot by implementing these approaches for effective grant management:
Stay tuned for the next part of our grant management series, Part Two: Preparing and Submitting Your Application, coming next month!