{"id":6099,"date":"2024-06-20T10:12:13","date_gmt":"2024-06-20T10:12:13","guid":{"rendered":"https:\/\/www.giveffect.com\/nonprofit-resource-center\/?p=6099"},"modified":"2024-07-12T14:41:31","modified_gmt":"2024-07-12T14:41:31","slug":"grant-management-5-ways-technology-for-nonprofits-can-help","status":"publish","type":"post","link":"https:\/\/wordpress.giveffect.com\/grant-management-5-ways-technology-for-nonprofits-can-help\/","title":{"rendered":"Grant Management: 5 Ways Technology for Nonprofits Can Help"},"content":{"rendered":"

Most nonprofit leaders know how important grant funding is for progressing their programs, initiatives, and missions \u2014 and helping as many beneficiaries as possible. While individual donors and fundraisers are crucial to a nonprofit\u2019s mission, too, grant funding is one of the top ways that nonprofits are able to create lasting change in their communities. In fact, in 2021, grant funding reached $90.9 billion<\/a>, up from $88.55 billion the year prior \u2014 and that number only looks like it will increase.<\/p>\n

But while lots of nonprofits know these statistics and realize how much opportunity lies in grant funding, they also know how difficult grant management can be: aside from filling out applications \u2014 which on average take anywhere from 20 to 100 hours<\/a> \u2014 managing their status, tracking their impact, and getting a 360-view can be burdensome, and even downright impossible. In fact, in the past few years, managing grants has become so burdensome that it\u2019s severely impacted nonprofits\u2019 abilities to retain and recruit staff<\/a>.<\/p>\n

But here\u2019s the good news: with the right tools, grant management can become a simple, easy, and effective part of your fundraising strategy.<\/p>\n

In this blog, we\u2019ll cover everything you need to know about grant management, including what it is, what causes nonprofits to struggle with it, and how your organization can simplify and improve its processes with technology.<\/p>\n

What is Grant Management, and Why is it Important to Nonprofits?<\/h2>\n

Grant management refers to a nonprofit\u2019s process of overseeing the entire lifecycle of a grant.<\/p>\n

From identifying funding opportunities and applying for grants, to managing awarded funds and ensuring compliance with grant terms, grant management ensures that nonprofits secure and use grant funds efficiently and transparently to achieve their missions.<\/p>\n

What Are The Stages of Grant Management?<\/h2>\n

Typically, grant management can be broadly divided into three phases: Pre-Award, Award, and Post-Award. Each phase encompasses specific activities and responsibilities that ensure the effective and efficient use of grant funds.<\/p>\n

1. Pre-Award Phase<\/h3>\n