23 Aug Braiding Funds Without Getting Tied up in Knots – Approaching budgets with pre-award and post-award in mind by Julie Alsup, GPC
Posted at 07:00h in Budgets, Competency Five, Competency Four, Grant Reporting, Grants Management, Julie Alsup, GPCBraided funding, supplanting, and leveraged funds are important concepts to understand for the purposes of effective grant planning (pre-award) and for successful grant management (post-award). Put simply, braided funding refers to the concept of using multiple funding streams to support the expenses of an organization, program, or project. Having more than one funding stream helps to minimize risk should one funding stream dry up. In addition, having one or more confirmed revenue source helps build confidence among other potential funders.