An organization's board of directors has overarching “fiduciary responsibility” for the organization. What does that mean? According to BoardSource, “the board [of directors] is responsible for ensuring that the organization is appropriately stewarding the resources entrusted to it and following all legal and ethical standards.” This commitment by an organization’s governing body is the crux of fiduciary responsibility. While board members play an important role in assuring agency finances and grant funds are treated ethically, they are also partially responsible for resource development – that is, ensuring their organization has the resources needed to fulfill its mission. An active and engaged board of directors can be vital to the success of your grant team.

Several years ago, I worked with a nonprofit client who had received funding from a particular foundation many times in the past. The client felt confident putting the funder on their own grant calendar for the upcoming year, allowing me to focus my time on another funding priority because they were sure that the foundation would continue its support. Despite my recommendation, the client did not want to approve any research time for current funders. However, when the rejection letter came, they were surprised. After reviewing the foundation’s recent priorities, it became clear that their focus had shifted, and the grant proposal they submitted no longer aligned with their new direction. That experience was a costly lesson for the client, reinforcing how critical it is to research every funder, even returning ones, before applying. This extra step can make the difference between receiving funding and being rejected.

It is challenging for many nonprofits to find the right grant opportunities. It can be tempting to go after every grant opportunity. However, being selective is important. Not every grant is going to be the best fit for your organization. Choosing the wrong grant opportunity can potentially waste organizational time and resources.

    As a grant professional, are you asked to identify performance measurements for your organization or clients? Evaluating the performance of a grant department or grant professional is a nuanced task. Yet data helps leadership and the board of directors quantify the year-to-year success and progress toward department goals. All too often, an organization will set unrealistic goals without adequate resources or available opportunities or set unreasonable expectations for the number of applications an individual needs to submit. Looking at a “success rate” can fail to consider the organization's readiness, quality of program design, or ability to identify strong opportunities and stewardship. So, how can an organization effectively evaluate the performance of a grant department and set realistic goals? How can grant professionals articulate their skills and achievements to those who are data-minded?

Audited financials are a common component of grant readiness discussions and are often requested by funders. However, new or small nonprofits may wonder if an audit is really necessary. Understanding why an audit is helpful to a funder, how to find an auditor, and what to do if an audit seems unattainable can help small nonprofits plan.

March Madness is in full swing, and all this talk about competition and brackets makes me think about how grant writing relates. Grants, much like professional sports, are competitive, and increasingly so. We can’t come in on gameday and put together a proposal without any preparation and expect to win big. To be competitive, your grant team must train and prepare to advance through the rounds and win awards. So, while building out/reviewing your bracket for college basketball, consider how these strategies can help your grant team gain a competitive edge.

Diversifying a portfolio of funding opportunities can be more than seeking foundation and federal grants. In the current funding landscape, organizations have the capacity to add legislative affairs to their ongoing activities in the pursuit of additional funds to achieve their mission. Did you know that nonprofits are eligible to pursue Congressional Directed Spending and/or Community Project Funding?

Have you encountered inefficiency, frustration, or even conflict when working with a group to develop a grant proposal? Take heart. This is normal. Most teams struggle and experience conflict before they begin performing at their peak. The Stages of Group Development framework, developed by Bruce Tuckman (1965) describes this process. This blog will briefly describe Tuckman’s framework and then apply these ideas to grant proposal development.

“When the money keeps rolling out, you don’t keep books. You can tell you’ve done well by the happy, grateful looks. Accountants only slow things down, figures get in the way.” – Evita by Andrew Llyod Weber. In actuality, did you know that nonprofits are accountable for impact measurement? Impact measurement is a critical process for nonprofits to assess their effectiveness in achieving their mission and making a positive difference in the communities they serve. By measuring and evaluating their impact, nonprofits can determine whether their programs and initiatives are successful and identify areas for improvement. Impact measurement is a critical aspect of nonprofit management. This aspect involves assessing and quantifying the outcomes and effectiveness of a nonprofit's programs and initiatives in relation to its stated mission and goals. By measuring the impact of their work, nonprofits can demonstrate accountability to their stakeholders, including donors, beneficiaries, partners, and the public.