Nonprofit law is complicated, and only an attorney with knowledge of your specific situation can counsel you on legal matters. Dewlyn Nonprofit Services offers training materials that are intended to deepen your understanding and help you know what to ask. These materials are not intended to be legal advice. Please see an attorney for answers […]
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Nonprofit compliance Nonprofit compliance laws are put in place by federal and state authorities to protect the public and ensure nonprofit organizations do not abuse their financial advantages. Because 501(c)(3) organizations are exempt from federal taxes and have access to public funding, they are held to a high standard by the public and by our
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Nonprofit Budgets Defined A Budget is a financial plan for a preset period, usually one year. A budget is plan that reflects, in monetary terms, how resources are acquired, allocated and spent. In the case of any business – nonprofit organizations included – your budget is an essential tool used in the fulfillment of your
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Letter of Inquiry A letter of Inquiry (LOI) is a 2-4-page document that summarizes your organization’s mission, history, program description, need, goals, target population, funding request and budget. The LOI is a quick way for you to introduce yourself and your charitable program to a potential funder. It’s also a resourceful way to open up
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Given the growth-rate for the nonprofit sector and the fierce competition for traditional funding, this below list was written to serve as a guide to help you give thought to multiple funding sources so that your organization is positioned to thrive. Of course, this list of funding options is not inclusive of every possible funding
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Grant proposals and applications succeed or fail for several reasons, among these are: The funder is unwilling or unable to fund the project. The application guidelines were not followed. The project lacks feasibility. There is no evidence of preparedness. Ineffective grant-writing. You will note, that many of the reason’s for denial are actually within your
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What is an Unsolicited Grant Request? An “unsolicited grant request” is a request made by an individual or organization to a potential funder for some form of charitable support that is not in response to a request for funding (RFP), request for application (RFA), or funding opportunity announcement (FOA). The unsolicited request may take the
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Researching foundations will take time, even when you know where to look. However, research is a vital step for organizations seeking grants. When you understand when, where, and whom a foundation supports, you can use this information to support your decision whether to apply for funding or not. The best and most efficient us of your time
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Letter of Inquiry A letter of Inquiry (LOI) is a 2-4-page document that summarizes your organization’s mission, history, program description, need, goals, target population, funding request and budget. The LOI is a quick way for you to introduce yourself and your charitable program to a potential funder. It’s also a resourceful way to open up
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Whether your nonprofit organization is newly formed or firmly established, growth and development plans should be a continuous process. The good news is, there are many planning tools to help you. The best way to understand your current position and future direction is to develop any number of the following planning documents. Business Plan
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