Organizations sometimes consume grants like I eat donuts, fast and furious. Grants come in lots of flavors just like donuts. There’s federal maple bars and state chocolate covered, even foundation cream filled, and each is delicious!
Grants are sweet and taste good when you get them, but like donuts, they’ll always run out and leave you wanting more. Building a budget only on grant money is dangerous to your fiscal health, just like building a diet on donuts can be hazardous. Grants can leave your budget bloated with costs you can’t easily erase when the grant is gone. Just try to get rid of a valuable employee! Just as donuts can leave you with some extra pounds and health problems, grants can lead to budget problems.
Here are 3 things to remember about grants:
- Plan for sustainability from day one of each grant.
- Build sustainability into the grant as much as possible in terms of equipment costs, training for existing staff, and organizational capacity building.
- Pay attention to developing all legs of the fund raising stool while the grant is funded.
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