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The Future of Funding: Nonprofit Grant Management Software Trends

Nonprofit Tech for Good

As a nonprofit organization, securing funding is essential to fulfilling your mission and driving meaningful change in your community. However, managing grants efficiently and effectively can often be a daunting task, requiring meticulous attention to detail, rigorous compliance measures, and streamlined processes.

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Why Fund Accounting Software Beats Spreadsheets for Nonprofit Grant Reporting and Compliance

sgEngage

You’ve been grant shopping for some time now, but are you prepared for what’s next once you start to receive them? Many grants come with significant—and detailed—compliance requirements. If you are a grant-funded organization, it will be important to manage spending restrictions and meet reporting requirements.

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Appeals Court Rules Funding Process A Contract, Not A Grant

The NonProfit Times

The judges also determined the rules of the granting process in Fearless Foundation’s “Fearless Strivers Grant Contest,” constituted a contract and were therefore subject to anti racial-discrimination statutes found in 42 U.S. The ruling from the U.S. The judges ruled three anonymous business owners could serve as injured parties.

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Need a New Grant Management System? 5 Tips for Selecting the Best GMS for Your Foundation

sgEngage

But inertia is not an option when your grant programs outgrow your current solution, or your vendor sunsets the software you use, like Salesforce is doing with their grant management software, FoundationConnect. Make sure you have consistent communication processes for both declined funding requests as well as grantees.

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Your Unrestricted Funds Need Stewardship, Too

sgEngage

All in unrestricted funds with no reporting necessary. While nonprofits will hopefully see an increase in unrestricted funds—and a decrease in burdensome reporting requirements—as part of this and other movements, good nonprofit accounting principles still apply. What Are Restricted Funds? What are Unrestricted Funds?

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Don’t Jeopardize Your Nonprofit Compliance with a Commercial Accounting System?

sgEngage

Grant-funded nonprofits know compliance isn’t a nice-to-have. You might be able to win back an unhappy donor with a new program or event, but grant funders usually don’t get excited about silent auctions. When your accounting system is not built to handle restricted funding , each report can feel like a fire drill.

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Funding And Grant Resources For Nonprofits Focused On Mental Health

Kindful

If your organization serves individuals dealing with mental health issues and if any of these funders serve your community, visit their website and discover if there’s a funding opportunity for you. Grant Research Tip: If a deadline has passed for a funder’s grant opportunity, don’t despair. Funding Priority: Mental Health.

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