GRANT MANAGEMENT

 

If your business has grants or is thinking about applying for grants, here are a few things that you should consider:

 

       Before You Get the Grant

 

•  Do your research to find a funder whose mission and core values are in line with your 

        business

•  Read all the instructions to complete the application process

•  Follow directions

•  Get help to design your best application (We are here to assist you)

•  Submit the application on time

 

       Once You Are Awarded the Funds

 

•  Be a good steward of the funds you received

•  Do what you said you were going to do with the funds

•  If there is a need to change from what was originally approved, communicate with the grantor for approval.

•  Adhere to regulatory guidelines (federal, state, and grantor)

•  Adhere to terms and conditions

•  Complete interim reporting requirements if applicable

 

       Close Out Process

 

•  Complete required closeout documentation

•  Develop evaluation/performance outcomes

 

Getting grant funds is a great opportunity for any business.  However, it does require grant management skills to be successful.  Conversely, mismanagement of grant funds can have immediate and long-term negative consequences that include loss of funding, damaged reputation, and even criminal prosecutions. E 50 Solutions, LLC is here to guide your business along the way through the grant life cycle.