Magazine article Technology & Learning

Count Your Pennies: There's No Room for Guesswork in Grant Writing

Magazine article Technology & Learning

Count Your Pennies: There's No Room for Guesswork in Grant Writing

Article excerpt

Less experienced grant writers often use the "by guess or by golly" approach to developing the budget for a proposal, allocating the total amount of money available across spending categories using best guesses. The thinking behind this strategy is that the grant coordinator will rework the budget once the proposal has been funded. However, writing budget revisions after the fact takes valuable time, and some funders will restrict the amount of money that can be reallocated, making it impossible to implement the proposal as it was written.

Here are three tips for accurately developing a budget at the outset.

* Make certain that proposed expenditures fall within grant guidelines. Funds provided through grants are often restricted or mandate specific expenditures. For example, grants from foundations or other nonprofit organizations often prohibit spending on facilities or personnel, and budgets for Title II, Part D applications must set aside 25 percent of the total requested amount for professional development. …

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