General (S)
This tax classification refers to a nonprofit’s federal tax-exempt status required for most grants.
What is 501(C)(3)?
The process of finding, evaluating, and prioritizing public, private, and corporate foundations to pursue more strategic and planned giving.
What is PROSPECT RESEARCH or GRANT PROSPECTING?
This clearly defines the issue addressed by your project, which aligns with your organization’s mission.
What is a PROBLEM STATEMENT/STATEMENT OF NEED?
This phase begins after a grant is awarded.
What is GRANT MANAGEMENT or POST-AWARD MANAGEMENT?
This is the set of documents you submitted to the funder that can be referenced for finding project goals, estimated budget, and estimated number of people served.
What is YOUR SUBMITTED PROPOSAL?
This is the most common outcome of a grant application.
What is NOT BEING FUNDED or DECLINED?
This term describes whether your organization meets a funder’s basic requirements to apply.
What is ELIGIBILITY?
These prompts, shared by the funder, are one of the most useful tools for guiding the language used in your proposal. Talk about boilerplate.
What are THE APPLICATION QUESTIONS or RFP?
This document is the ultimate reference for what is allowed under a grant.
What is a GRANT AGREEMENT?
This list of guidelines are necessary to review before starting a grant application to ensure you have capacity to meet them.
What are REPORTING REQUIREMENTS?
This type of grant supports overall operations rather than a specific program.
What is GENERAL OPERATING SUPPORT?
This eligibility factor is often listed in funder guidelines and may limit funding to specific cities, counties, or states.
What is GEOGRAPHIC LOCATION?
This 3-letter acronym describes a form that is not a full grant application, but an important first step required by some funders to apply for a funding opportunity.
What is an LOI?
Regular reviews of spending help prevent this common compliance risk.
What is OVERSPENDING or UNDERSPENDING?
This is how you measure a project’s success and often becomes the basis for grant reports.
What is an EVALUATION PLAN?
Successful grants usually involve collaboration among this group of people. (Name at least three)
What are PROGRAM, FINANCE, LEADERSHIP, and DEVELOPMENT STAFF?
This three-letter acronym is one of the document types that outlines a funder’s priorities, eligibility rules, deadlines, and award amounts.
What is an RFP?
This is an estimate of how much your project will cost as well as an important way to demonstrate your capacity to strategically implement the initiative/project.
What is a PROJECT BUDGET?
This can sometimes be granted if requested early.
What is an EXTENSION?
These are a range of items generated during the grant performance period that can humanize and bolster your report.
What are SUPPLEMENTAL MATERIALS?
Funders often care more about this than the size of the organization.
What is MISSION ALIGNMENT or COMMUNITY IMPACT?
This IRS form with three numbers provides a public overview of a nonprofit or funder’s finances and activities.
What is a 990 (or FORM 990)?
This type of grant application is submitted without being invited by the funder or responding to a specific call.
What is AN UNSOLICITED PROPOSAL?
This type of financial review is not always required by grant funders and is most commonly requested for large government grants.
What is an AUDIT?
This is “the best policy” when communicating challenges or problems during the grant period.
What is HONESTY?