Fundraising and Grant Management for Non-profits
Expert-defined terms from the Professional Certificate in Financial Management for Non-profits course at Stanmore School of Business. Free to read, free to share, paired with a professional course.
Acquisition Cost refers to the expenses incurred by a non #
profit organization to acquire a new donor or customer. It includes the cost of marketing, advertising, and other promotional activities. Related terms include Retention Cost and Return on Investment (ROI). Understanding Acquisition Cost is crucial in fundraising and grant management as it helps non-profits to allocate their resources effectively and make informed decisions about their marketing strategies.
Administrative Cost is the expense incurred by a non #
profit organization to manage its daily operations, including salaries, rent, and utilities. It is essential to keep administrative costs low to ensure that a significant portion of the budget is allocated to programs and services. Related terms include Program Cost and Overhead Cost. Non-profits must ensure that their administrative costs are reasonable and justifiable to maintain transparency and accountability.
Annual Fund is a fundraising campaign that non #
profit organizations conduct every year to raise money for their programs and services. It is usually a comprehensive campaign that includes various fundraising strategies, such as direct mail, phone solicitation, and special events. Related terms include Capital Campaign and Endowment Fund. The Annual Fund is a crucial component of a non-profit's fundraising strategy, as it provides a steady stream of income to support its programs and services.
Application Form is a document that non #
profit organizations use to collect information from potential donors or grantees. It typically includes questions about the applicant's background, goals, and objectives. Related terms include Proposal and Letter of Inquiry. The Application Form is an essential tool in grant management, as it helps non-profits to assess the eligibility and suitability of applicants.
Auction is a fundraising event where non #
profit organizations sell items or experiences to the highest bidder. It can be a live auction or a silent auction, and it is often used to raise money for a specific cause or program. Related terms include Gala and Charity Event. Auctions can be an effective way to raise funds, but they require careful planning and execution to ensure their success.
Bequest is a gift that a donor leaves to a non #
profit organization in their will. It is a type of planned giving, and it can provide a significant source of income for non-profits. Related terms include Legacy Gift and Endowment Fund. Bequests can be an important component of a non-profit's fundraising strategy, as they provide a way for donors to leave a lasting legacy.
Budget is a financial plan that outlines a non #
profit organization's projected income and expenses over a specific period. It is essential to create a realistic budget that takes into account all the organization's financial needs and obligations. Related terms include Financial Statement and Audit. A well-planned budget is crucial in grant management, as it helps non-profits to manage their finances effectively and make informed decisions about their programs and services.
Capital Campaign is a fundraising campaign that non #
profit organizations conduct to raise money for a specific project or capital expenditure, such as building a new facility or purchasing equipment. It is usually a comprehensive campaign that includes various fundraising strategies, such as major gifts, grants, and special events. Related terms include Annual Fund and Endowment Fund. Capital campaigns can be an effective way to raise funds for specific projects, but they require careful planning and execution to ensure their success.
Case Statement is a document that non #
profit organizations use to make a compelling case for support. It typically includes information about the organization's mission, goals, and objectives, as well as its programs and services. Related terms include Proposal and Grant Application. The Case Statement is an essential tool in grant management, as it helps non-profits to communicate their needs and goals to potential donors and grantees.
Charity Event is a fundraising event that non #
profit organizations host to raise money for a specific cause or program. It can be a gala, a walk/ run, or any other type of event that brings people together to support a good cause. Related terms include Auction and Gala. Charity events can be an effective way to raise funds and awareness for a non-profit's mission and programs.
Community Foundation is a type of foundation that supports a specific … #
It is usually a public charity that accepts donations from individuals, businesses, and other organizations. Related terms include Private Foundation and Corporate Foundation. Community foundations can be an important source of funding for non-profits, as they often provide grants and other forms of support to local organizations.
Corporate Foundation is a type of foundation that is established by a … #
It is usually a separate entity from the corporation, but it is often funded by the corporation's profits. Related terms include Private Foundation and Community Foundation. Corporate foundations can be an important source of funding for non-profits, as they often provide grants and other forms of support to organizations that align with the corporation's values and mission.
Crowdfunding is a method of fundraising that involves raising money from… #
It is often used by non-profit organizations to raise money for specific projects or programs. Related terms include Social Media and Online Fundraising. Crowdfunding can be an effective way to raise funds, but it requires careful planning and execution to ensure its success.
Development Officer is a professional who works for a non #
profit organization to secure funding from donors, foundations, and other sources. They are usually responsible for researching potential donors, building relationships, and asking for gifts. Related terms include Fundraiser and Grant Writer. Development officers play a crucial role in grant management, as they help non-profits to identify and secure funding opportunities.
Direct Mail is a method of fundraising that involves sending letters</… #
It is often used by non-profit organizations to raise money for their programs and services. Related terms include Phone Solicitation and Email Solicitation. Direct mail can be an effective way to raise funds, but it requires careful planning and execution to ensure its success.
Donor is an individual or organization that gives money or reso… #
Donors can be individuals, foundations, corporations, or government agencies. Related terms include Philanthropist and Benefactor. Donors play a crucial role in supporting non-profits, and it is essential to build strong relationships with them to ensure their continued support.
Endowment Fund is a type of fund that is established by a non #
profit organization to provide a permanent source of income. It is usually a restricted fund that is invested to generate interest and dividends. Related terms include Annual Fund and Capital Campaign. Endowment funds can provide a stable source of income for non-profits, but they require careful management to ensure their long-term sustainability.
Evaluation is the process of assessing the effectiveness and im… #
It is essential to conduct regular evaluations to ensure that the organization is achieving its goals and objectives. Related terms include Monitoring and Reporting. Evaluation is a critical component of grant management, as it helps non-profits to assess their progress and make informed decisions about their programs and services.
Foundation is a type of organization that provides grants and othe… #
Foundations can be private, public, or corporate, and they often have specific areas of focus, such as education or healthcare. Related terms include Corporate Foundation and Community Foundation. Foundations can be an important source of funding for non-profits, and it is essential to research and understand their guidelines and priorities.
Fundraising is the process of securing money or resources f… #
It involves a range of activities, including donor solicitation, grant writing, and special events. Related terms include Development and Philanthropy. Fundraising is a critical component of non-profit management, and it requires careful planning and execution to ensure success.
Grant is a type of funding that is provided by a foundation , co… #
Grants can be competitive or non-competitive, and they often have specific requirements and guidelines. Related terms include Funding Opportunity and Request for Proposal (RFP). Grants can be an important source of funding for non-profits, and it is essential to research and understand the guidelines and priorities of potential funders.
Grant Management is the process of securing and managing grants fr… #
It involves researching funding opportunities, writing grant proposals, and reporting on grant activities. Related terms include Fundraising and Development. Grant management is a critical component of non-profit management, and it requires careful planning and execution to ensure success.
Grant Writer is a professional who researches and writes gr… #
They are usually responsible for identifying funding opportunities, developing proposals, and submitting applications. Related terms include Development Officer and Fundraiser. Grant writers play a crucial role in grant management, as they help non-profits to secure funding for their programs and services.
In #
Kind Donation is a type of donation that involves goods or services rather than money. It can include donations of food, clothing, or other items, as well as volunteer time or expertise. Related terms include Cash Donation and Sponsorship. In-kind donations can be an important source of support for non-profits, and it is essential to acknowledge and recognize these donations.
Legacy Gift is a type of gift that is given to a non #
profit organization through a will or trust. It is usually a planned gift that is made as part of a donor's estate planning. Related terms include Bequest and Endowment Fund. Legacy gifts can provide a significant source of income for non-profits, and it is essential to encourage and recognize these gifts.
Major Gift is a type of gift that is given to a non #
profit organization in the form of a large donation, usually $1,000 or more. It is often used to support specific projects or programs, and it can be a one-time or recurring gift. Related terms include Planned Gift and Annual Gift. Major gifts can be an important source of funding for non-profits, and it is essential to build strong relationships with major donors to ensure their continued support.
Matching Gift is a type of gift that is given to a non #
profit organization when a donor makes a gift and a matching gift is made by another donor or organization. It is often used to encourage donations and to leverage funding. Related terms include Challenge Gift and Corporate Match. Matching gifts can be an effective way to increase donations, and it is essential to promote and recognize these gifts.
Non #
Profit Organization is a type of organization that is tax-exempt and is established to support a public benefit or charitable purpose. Non-profits can be foundations, charities, or associations, and they often rely on donations and grants to support their programs and services. Related terms include Charity and Foundation. Non-profits play a crucial role in supporting communities and causes, and it is essential to understand their mission and goals.
Online Fundraising is a method of fundraising that involves using the … #
It can include online donations, crowdfunding, and email solicitations. Related terms include Social Media and Direct Mail. Online fundraising can be an effective way to raise funds, but it requires careful planning and execution to ensure its success.
Philanthropy is the act of giving money or resources to sup… #
It can involve individuals, foundations, corporations, or government agencies, and it is often motivated by a desire to make a positive impact on society. Related terms include Charity and Non-Profit Organization. Philanthropy plays a crucial role in supporting communities and causes, and it is essential to understand the values and goals of philanthropic efforts.
Planned Giving is a type of giving that involves planning and s… #
It can include bequests, trusts, and other types of estate planning. Planned giving can provide a significant source of income for non-profits, and it is essential to encourage and recognize these gifts.
Proposal is a document that is submitted to a foundation , corpo… #
It typically includes information about the project's goals, objectives, and budget. Related terms include Grant Application and Letter of Inquiry. Proposals are an essential tool in grant management, as they help non-profits to secure funding for their programs and services.
Recognition is the act of acknowledging and thanking donors for th… #
It can involve public recognition, such as newsletters or annual reports, or private recognition, such as personal letters or phone calls. Related terms include Stewardship and Donor Relations. Recognition is essential in grant management, as it helps to build strong relationships with donors and to ensure their continued support.
Reporting is the process of providing information and updates</… #
It is essential to provide regular and accurate reporting to ensure transparency and accountability. Related terms include Evaluation and Monitoring. Reporting is a critical component of grant management, as it helps non-profits to demonstrate their impact and to secure continued support.
Return on Investment (ROI) is a measure of the return or benefi… #
It is often used to evaluate the effectiveness of fundraising campaigns or grant proposals. Related terms include Cost-Benefit Analysis and Evaluation. ROI is an essential tool in grant management, as it helps non-profits to assess the impact of their programs and services.
Social Media is a type of online platform that is used to connect… #
It can include Facebook, Twitter, and Instagram, and it is often used to raise awareness and money for non-profit organizations. Related terms include Online Fundraising and Direct Mail. Social media can be an effective way to raise funds and awareness, but it requires careful planning and execution to ensure its success.
Sponsorship is a type of partnership between a non #
profit organization and a business or corporation. It can involve financial support, in-kind donations, or volunteer time, and it is often used to support specific events or programs. Related terms include In-Kind Donation and Corporate Giving. Sponsorships can be an important source of support for non-profits, and it is essential to build strong relationships with sponsors to ensure their continued support.
Stewardship is the act of managing and overseeing the re… #
It involves responsible financial management, transparent reporting, and ethical decision-making. Related terms include Accountability and Transparency. Stewardship is essential in grant management, as it helps to build trust with donors and to ensure the long-term sustainability of non-profits.
Transparency is the act of being open and honest about a no… #
It involves providing accurate and timely information to stakeholders, including donors, volunteers, and the public. Related terms include Accountability and Stewardship. Transparency is essential in grant management, as it helps to build trust with donors and to ensure the long-term sustainability of non-profits.
Volunteer is an individual who donates their time and en… #
Volunteers can be board members, committee members, or event volunteers, and they play a crucial role in supporting the organization's mission and goals. Related terms include Donor and Philanthropist. Volunteers are essential in grant management, as they help to build strong relationships with donors and to ensure the long-term sustainability of non-profits.