In the world of philanthropy, choosing organizations and projects to fund is a first step for a grantor. For a project to truly succeed over the long term, a grantee needs to receive more than just a check. It needs a solid foundation of grant management skills, and an understanding of requirements, expectations, and best […]
What is a grant audit? After a grant is awarded, the grantor should ensure that the money is being spent the way it was intended. A grant audit is a formal check-up on a specific grant-funded project. While a “normal” audit generally looks at all of an organization’s finances, a grant audit only looks at
When an organization wins a grant, it feels like a massive victory, but that excitement can quickly turn into a heavy responsibility. The shift from managing a general bank account to handling grant money is like moving from a simple family budget to managing a legal contract. While standard business accounting looks at whether a