• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Writing the Budget for a Grant Proposal
 

Writing the Budget for a Grant Proposal

on

  • 5,504 views

 

Statistics

Views

Total Views
5,504
Views on SlideShare
5,463
Embed Views
41

Actions

Likes
0
Downloads
0
Comments
0

3 Embeds 41

http://d2l.rosalindfranklin.edu 30
https://jujo00obo2o234ungd3t8qjfcjrs3o6k-a-sites-opensocial.googleusercontent.com 10
https://troy.blackboard.com 1

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment
  • Preparing Budgets for Grant Proposals Drexel University COM 675 Summer 2004
  • Preparing Budgets for Grant Proposals Drexel University COM 675 Summer 2004
  • Preparing Budgets for Grant Proposals Drexel University COM 675 Summer 2004
  • Preparing Budgets for Grant Proposals Drexel University COM 675 Summer 2004
  • Preparing Budgets for Grant Proposals Drexel University COM 675 Summer 2004
  • Preparing Budgets for Grant Proposals Drexel University COM 675 Summer 2004
  • Estimate project length six months or a year.
  • Preparing Budgets for Grant Proposals Drexel University COM 675 Summer 2004
  • Preparing Budgets for Grant Proposals Drexel University COM 675 Summer 2004

Writing the Budget for a Grant Proposal Writing the Budget for a Grant Proposal Presentation Transcript

  • Grants 101 Writing the Budget Presented by Dierdre McKee
  • The Budget …
    • … .is the financial expression of your project
  • Purpose of the Budget
    • Demonstrates how much the project will cost
    • Shows funders exactly what they will support/where their money will go
    • Serves as a plan for how your organization will operate the project
    • Serves as the basis for the end-of-grant report
  • The True Test
    • If someone cannot understand
    • your project from reading your
    • budget, it still needs work!
  • Budget Basics
    • Budgets must include dollars for all phases of a program:
      • Program Planning/Development
      • Program Implementation
      • Program Evaluation
    • Budgets will include dollars for
      • People
      • Places
      • Things
  • Categories of Program Expenses
    • Start- up Costs vs. Operating Costs
      • Cost of planning and developing methods, materials and tools for a new program.
      • Cost of delivery and evaluating the program.
  • Categories of Program Expenses
    • Direct Costs vs. Indirect Costs
      • Costs specifically related to running the project.
      • Costs not directly attributable to the project but can be allocated to it based on the notion that the project should bear some of the costs of the host organization.
  • Direct and Indirect
  • Direct Costs: Staff
    • Staff Needs
    • Cost of Personnel
      • Time (full time vs. percentage of effort)
      • Benefits
  • Direct Costs: Program Expenses
    • Rent/Mortgage
    • Equipment/Hardware
    • Software
    • Supplies
    • Phone/Internet
    • Travel
    • Books, Subscriptions, Articles
    • Insurance
  • Indirect Costs
    • Cost of housing the program
    • Services covered by other divisions or departments of the organizations
    • Funders may provide a cap for indirect costs (i.e. 10% of total budget)
    • Organizations sometimes have an established rate for indirect cost
  • Budget Planning
    • Determine project
    • Establish project period
    • Determine expenses--Personnel, Travel, Equipment, etc.
    • Determine indirect costs
    • Determine value of donated goods and services based on real costs and valid sources
  • More Budget Planning
    • May require meetings and much back and forth
    • May require getting estimates from vendors
    • May require reviewing reports of past years’ expenses
    • Takes time!
  • Budget Justification
    • Explains costs for each person or tasks to be undertaken during program development and delivery
    • Provides a rationale to the funder that the allocations are warranted and that the program will be afforded over time
    • Serves as documentation of how you arrived at cost
  • Tips
    • Program Narrative and Budget MUST be consistent
    • Be responsive to Request for Proposal or funders’ directions
    • Don’t wait until the last minute
  • More Tips
    • NO mistakes! (at least 2 proofers)
    • Consistent format – numbers, dollar signs, decimals, commas
    • Clearly justify your figures with real bids/estimates from vendors, real travel locations, real mileage, and real salaries
  • Thank you! To learn more about the grant seeking process, view my other slidecasts, Introduction to Fundraising and Grants, Elements of a Proposal, and Logic Models