![]() ![]() If your budget is too low, you could be setting yourself up for failure. This will enhance the credibility of the funding request.įor example, if your budget is too high, a funder might immediately pass you over. Knowing how to write a clear, compelling, and organized budget narrative is imperative to justifying your project’s costs that are attributed in each line item or category within the budget. Every grant has different compliance and accountability requirements, so it’s important to ensure your budget meets these specifications. This includes a step-by-step plan that demonstrates how you will evaluate the success of your grant-funded project. You need to have measurable outcomes and a way to prove the impact of your proposed initiative. This is essential if you are applying for a program or project grant. ![]() Funders want to support sustainable initiatives that will continue to thrive in the future (even after the grant funds run out). Feasible and transparent grant budgets prove to the funder that you plan on using their monies in an appropriate and effective way. This evidence should coincide with the needs statement in the proposal. Grant budgets must provide evidence of need to ensure the funding will be used to address urgent problems within your community. Most grants will specify what types of projects or operational expenses they are looking to fund, so your team should ensure your grant budget aligns with these priorities. In many cases, funders will skip to your budget first before reading anything else in your proposal to make sure it meets their criteria, including: Likewise, always budget time for yourself to share the budget with your board and finance team so everyone’s on the same page, and you can make changes if need be before you get down to the wire with submission deadlines. ![]()
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