Grant Proposal Development
Expert-defined terms from the Advanced Certificate in Grant Management and Compliance course at London School of Business and Administration. Free to read, free to share, paired with a globally recognised certification pathway.
**Budget Justification #
** A detailed explanation of how grant funds will be used, providing a rationale for each budget item and demonstrating that the budget is reasonable, necessary, and allocable to the proposed project.
**Cost Principles #
** Federal regulations that outline how grant expenses should be calculated, allocated, and reported, ensuring that costs are reasonable, necessary, and allocable to the project.
**Direct Costs #
** Expenses that can be directly attributed to the grant-funded project, such as salaries, benefits, equipment, and supplies.
**Earmarking #
** The practice of setting aside a portion of grant funds for a specific purpose, often restricting the grantee's flexibility in managing the grant.
**Federal Acquisition Regulations (FAR) #
** The primary set of rules governing the acquisition of goods and services by federal agencies, which may impact grant management and compliance.
**Federal Assistance #
** Financial assistance provided by federal agencies to support various programs, projects, and activities, often in the form of grants.
** Financial Conflict of Interest (FCOI) #
** A situation where a grantee's financial interests or relationships could potentially bias their judgment or actions related to a grant-funded project.
**Grant Agreement #
** A legal document outlining the terms and conditions of a grant, including the responsibilities of both the grantor and the grantee, and any special requirements or restrictions.
**Grant Management #
** The process of administering and overseeing a grant, including budgeting, reporting, and ensuring compliance with grant terms and regulations.
**Grant Management Software #
** A digital tool or platform designed to streamline and automate various aspects of grant management, such as application tracking, budgeting, and reporting.
**Grant Proposal #
** A comprehensive and well-structured document outlining a project or program and its associated costs, submitted to a potential grantor for consideration.
**Grant Writing #
** The process of preparing and submitting a grant proposal, typically requiring research, planning, and effective communication skills.
**Indirect Costs #
** Expenses that cannot be directly attributed to a specific grant-funded project but are necessary for the general operation of the organization, such as rent, utilities, and administrative support.
**Logic Model #
** A visual representation of a program or project, illustrating the relationships between inputs, activities, outputs, and outcomes.
**Matching Funds #
** A contribution from a grantee, often in the form of cash or in-kind resources, that is required to secure a grant and demonstrate a commitment to the project.
**Monitoring #
** The ongoing process of overseeing a grant's progress, ensuring compliance with grant terms and regulations, and identifying any issues or concerns that may arise.
**Performance Measurement #
** The process of tracking and evaluating a grant's progress and impact, often through the use of specific indicators and metrics.
**Post #
Award Management:** Activities related to managing a grant after it has been awarded, such as budgeting, reporting, and ensuring compliance with grant terms and regulations.
**Pre #
Award Management:** Activities related to managing a grant before it has been awarded, such as grant writing, proposal review, and negotiation.
**Proposal Review #
** The process of evaluating and scoring a grant proposal based on established criteria, typically conducted by a panel of reviewers.
**Single Audit #
** An annual audit of an organization's financial statements and federal awards, required for any non-federal entity that expends $750,000 or more in federal funds during a fiscal year.
**Subrecipient #
** An organization or individual that receives grant funds from a pass-through entity, such as a prime grantee, and is responsible for carrying out a portion of the grant-funded project.
**Uniform Administrative Requirements, Cost Principles, and Audit Requirements f… #
**Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance):** A set of federal regulations that establish uniform administrative, cost, and audit requirements for federal awards, streamlining the grant management process.
**Unallowable Costs #
** Expenses that cannot be charged to a grant, as specified in grant terms and regulations, such as entertainment, lobbying, and alcohol.
**Voluntary Cost Sharing #
** A contribution from a grantee that is not required but is made voluntarily, often to demonstrate a commitment to the project.
**Whistleblower Protections #
** Laws and regulations that protect individuals who report suspected fraud, waste, or abuse related to a grant or other federal funds.