Formula grants can be a great revenue resource for state and local governments as they provide a stable and predictable source of funding for certain programs and services. — Formula grants are a type of federal funding that is awarded based on a set formula rather than through a competitive process. These grants are typically given out to state and local governments, and they’re often used to fund things like transportation and public safety.

Block grants are a type of flexible funding to support programs and services for state and local governments. — Block grants are a type of flexible federal funding for state and local governments. Unlike formula grants, which have specific guidelines for how the funds must be used, block grants provide more discretion to the recipient organizations, allowing them to support their programs and services as they see fit.

Pass-through grants are a type of funding that is awarded to one organization, which then distributes the funds to another organization or individual for the purpose of carrying out a specific project or program. — Pass-through grants are a type of federal funding that is awarded to one organization, which then distributes the funds — or passes them through — to another organization or individual for the purpose of carrying out a specific project or program. These types of grants are commonly used in situations…

Learn about the most common types of federal grants, their function, and their uses — Are you thinking about applying for a federal grant but feeling a little overwhelmed by all the options out there? Don’t worry, you’re not alone. Keep reading for an overview of the four main types of federal grants. Competitive grants The first type of grant, and the one most commonly utilized by…

Get answers to all your grant-related questions — What is a grant? A grant is a means by which a funder gives money to a recipient to support that recipient’s stated initiative. Simply put, a grant is money with contractual obligations that specify how the money can be used and what outcomes should be produced with the funding. …

Outcome metrics are one of the most important aspects of program management because let your organization know if you’re actually achieving the goals stated in your mission. In this article, we’ll explore what outcome metrics are — and equally as important — what they aren’t. Prefer to watch instead of…

Grants are an important source of funding, but they are laden with hidden costs. If you don’t understand where the costs can creep in, you can end up actually losing money on a grant. — Grants are an invaluable source of funding. Unlike an investment or a loan, grants are non-dilutive and don’t have to be repaid. That said, grants are laden with hidden costs, and if you don’t understand where the costs can creep in, you can end up actually losing money on a…

The pros and cons of a single source of all nonprofit organizational data — As nonprofits become more tech-savvy, there is a push among many organizations to find a single all-in-one software or to integrate information across all platforms to create a central hub for all their data. …