'How to Create a Funder-Friendly Budget' by TechSoupcc: techsoup nonprofit
If you follow my work, you may have noticed that my advice on writing a grant proposal usually focuses on the written part — called the "narrative" section. But a full grant proposal actually has at least one other component: the budget. Both parts are crucial to grant success and, along with administrative pieces, comprise a total grant proposal package.
If you have never actually tallied up all of the expenses involved in your program, this process may uncover costs that you had simply glossed over before. A full list may prove to be quite an eye-opener. So, the budget needs to provide a consistent "thumbnail sketch" of what you're proposing. You want to encourage the funder to want to know more and potentially get on board.Your grant proposal will be seeking funding for either your entire organization or for a specific program or project your organization is doing or is planning to do. So, you will need both an organizational budget and a program or project budget for each grant proposal.
The expenses you are budgeting for should be carefully researched and calculated according to the best estimate you can find, referring to the prevailing rates in your area.
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