Friday, August 21, 2015

Tips In Obtaining International Project Funding

By Nancy Gardner


Whether it be for a reach out activity or a science project, it is only a given to ask for a grant. This is where you can get support financially. If you want to pursue your work, then you should aim to get an international project funding. Here are the tips on how you can secure the funds to support whatever activity you have in mind.

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.

Observing the project start and end dates can be really helpful for proper spending. If possible, there must be a proper time line being followed so that the money does not get spend at the wrong time. All throughout the activity, money will be required. Make sure that the payments are made according to what has been agreed on.

For this proposed program, there are milestones and targets that must be achieved. It is only natural for the spearheading committee to see to the proposal. In the proposal created for an upcoming project, the proposed activities should be a match to the money marked in there. The donated funds should be used in accordance to what has been proposed beforehand.

Under spending is the same problem as over-spending. For all donors, they are supporting your activities with an estimated amount because they have some purpose they have to meet as well. You will just be giving them too much hassle when the funds they have donated are returned to them. Always spend according to proposals.

Some of those projects your organization is carrying out might have multiple donors. For that reason, be sure to pay attention to your donor-by-donor expenditures. Monitoring this particular expenditure means that you will pay attention to how much each donors give, how much is spent from their donations, and where it was spent on. Doing this can help avoid under-spending and over-spending.

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.

Spend some time to prepare the donor reports. Do not just cram it all together when the time is almost up. You might think that writing the report is easy but that is actually not the case, you will see that writing reports will take longer than that. When there is poor management for the report, that can greatly affect how one can spend the budget.

In creating a report, you should not be laid-back about it. As much as possible, make the report accurate and complete. This means you have to pay attention to all entries ensuring that every entry is in accordance to the correct period. Make adjustments to your report whenever it is essential for you to do so.




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