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Good Data Governance Equals Great Member Experiences

.orgSource

Much of the data in your systems is not yours. Practice Good Stewardship Even if your digital resources are in order, a data governance policy is an important piece of responsible stewardship. While a policy that restricts access might keep your data safe, it also builds a wall around that wealth of information.

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9 Best Practices for Strong Nonprofit Financial Management

sgEngage

You will always get the grant and donors will never churn. By following nonprofit financial management best practices, you will be able to proactively identify and plan for disruptive scenarios and mitigate their impact on your operations and programs. In a perfect world, your budget will always be balanced.

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How to Minimize Risk Throughout Your Grant Cycle

sgEngage

But on occasion, a person will make a mistake or doesn’t follow the restrictions for the grant. To mitigate risk throughout your grant cycle, you need to know your grantees through relationships and documentation, support their internal controls, and set up a process for whistleblower complaints. How do you track time and effort?

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How to Streamline Your Grant Management Process with Technology

sgEngage

To avoid overwhelming your team, standardize how you receive and process grant applications at your organization. Having a predictable and consistent grant cycle will ensure your team members are able to evaluate each request efficiently and effectively. Teams can even build statuses that are specific to grant types.

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10 Tips for Better Grant Management Processes

sgEngage

While grant funding may not require the continual stewardship efforts and nurturing of traditional donor-led funding, it often presents its own challenges: extensive reporting mandates, a list of requirements to qualify for funding, and the possibility of mission creep to meet those requirements. Focus on the why. Seek clarity.

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Impact investing: Catalyzing systemic change 

Candid

foundations were projected to provide almost $90 billion in grants in support of 1.5 The intent of a PRI is not financial gain but to provide loans where they might not be otherwise accessible. PRIs and MRIs are about investing in under-served businesses or aligning investments with values—within the current system.

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Trends in Grantmaking: Putting Equitable Grantmaking into Practice

sgEngage

For grantmakers to make a truly lasting impact across their community, they need to be intentional about their equity and inclusion practices, both within their organization and with their funding efforts. Review your applications through an equity lens after each grant cycle. Look for ways to add specificity and remove complexity.