For the Record

Your organization’s board of directors may be affable, effective, challenging, or down-right difficult. But love it or not, the board has a role to play in grants administration. The board’s responsibility to oversee the financial and legal operations of your nonprofit place it at the epicenter of post-award management, but the board also has a role on the pre-award side. Here are some typical ways that boards participate in securing grants.
When hammering out the budget for a grant request, remember the Goldilocks Rule: If it’s too large or too small, it won’t do. It’s got to be just the right size to get the work done. The job of the budget is to support program implementation at a reasonable, professional level.
Funders will put the budget and budget justification sections of your proposal under a magnifying glass. So you’ve got to get them right. When you understand the Funder's concerns and the questions they’ll pose, you’re in a much stronger position to nail it. Here’s a list of questions funders are sure to ask.
The budget narrative, also called a budget justification, is a powerful tool for ensuring that reviewers of your proposal understand the financial side of the program. Presenting the numbers alone, without explanation, is risky. What’s clear to you may be fuzzy to a reader who hasn’t been involved in planning the program. When preparing a budget narrative, take a detailed approach that scrupulously avoids assumptions.