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Tips In Acquiring International Project Funding

By Nancy Gardner

Most non-profit groups need the support of donors to go through with any reach out programs they have plan to carry out. They need a grant so that they can go head with whatever purpose they aim to achieve. If the said organizations need the international project funding for their plan, here are tips to help secure the donation for that.

First, you got to aim to build trust. When it comes to the funds, there will always be problems or questions that will arise. So that these problems and questions are dealt with promptly, there must be clear and regular communications between all the people involved. Be sure to put everything in writing regarding this matter as well.

To properly spend the donation given, proper observation for the project's start and end dates. Usually, projects have a time line that must be followed even for spending. The person must never spend any money when it is not yet the time to do so. The payments should be in accordance to a schedule.

In the said program, some milestones and targets must be achieved. Thus, the person must come to see to the agreement. In proposing these agreements, ensure that the proposed activities at any given time should have a proper match with the amount of money spent for it. The donations should be allocated accordingly.

Underspending is as much of a big problem as overspending. The donors donate money to non-profit organizations for the purpose of achieving their own targets. They donate to you because they believe that you can help them obtain their targets. That is why you got to avoid not spending their donation. Otherwise, the donors will definitely face problems when their donated funds are returned.

Monitor the donor-by-donor expenditures. There are projects that are funded by more than one donor. You have to keep an eye on the expenditure where certain donor's money has been spent on. Doing this will actually help avoid under spending or over spending the money the donor gives.

Pay attention to the capital expenditure budgets. You have to ensure that this particular budget are spent early. These are usually used for covering the purchase of equipment. It is only natural that the equipment are purchased first before anything else. Do not allow the capital expenditure budgets to spend during closing months or at the end of the activity.

The donor reports need to be done with great care. You better spend time in preparing the report. Avoid cramming all your work in one day. You might think that writing this report is pretty easy but that is not the case at all. The written report will actually take longer to write. Otherwise, your budget spending will be affected.

Do not be complacent when writing the document. You will find it necessary to ensure the report is accurate and complete. The entries should be in accordance to the period being reported about. There needs to be a correct period marked in the report. You need to make the proper adjustments when needed.

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