23 Aug

Posted at 07:00h in Budgets, Competency Five, Competency Four, Grant Reporting, Grants Management, Julie Alsup, GPC
Braided 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.

02 Aug

Posted at 17:10h in Competency Three, Grant Reporting, Grants Management, Tracey Diefenbach, GPC
With summer in full swing, vacation planning is or has been on everyone’s mind, including mine! As I booked reservations for a family road trip with my husband and three kids along with five other families, it got me thinking – this vacation planning is a lot like grants management planning. There are some key strategies used in vacation planning that can and should be used in grants management to answer the dreadful question, “Are we there yet?” with a confident “yes.”   Whether you are a grants professional working with a university managing lots of complex federal grants or a small nonprofit agency managing several foundation grants, there are some simple strategies we all can employ to alleviate bumps in the road.