For foundations big and small, grants management software not only streamlines your operations, but can also give you a new perspective on your organization's work. From revealing insights through data to automating processes to improving operational transparency, the right software can be a critical component to achieving your mission.
The most basic job description of a CFO is to manage an organization’s finances. But the simplicity of this description belies the complexity of the role, especially when it comes to understanding day-to-day responsibilities or big-picture goals at a charitable foundation.
Despite – or perhaps, because of – the unexpected results of the 2016 presidential election, giving trends for last year were overwhelmingly positive. According to Giving USA, charitable donations increased yet again, topping $390 billion in 2016.
This post was originally published on the PEAK Grantmaking blog in November, 2017.
It’s inevitable: at the end of every grant cycle, a final report provides a record of grantee successes, challenges, and monies spent. But how often does the final report become a meaningful mechanism for further reflection or change?
As a program manager and subject expert, you’ve always believed in the importance of capturing information and stories that articulate the impact of your work. Until recently, however, you may not have had the time, resources, or expertise to take your data practices to the next level.
Chances are, if you began your career as a grants manager 10 or 15 years ago, you didn’t consider yourself a tech pro, or a data wizard. You probably used a computer every day. And you became adept at office applications like Excel and Word. But still, there probably was a whole lot of paper in your life.
How times have changed.
Although the environmental sector only accounts for 3 percent of total giving in the U.S., environmental issues, particularly climate change, remain among the most pressing and intractable problems of our time.
For foundations, cloud-based grants management software has evolved rapidly since its relatively recent introduction. Cloud-based systems have quickly become more common than local server systems, providing both casual and tech-savvy users with increased access to the data they need.
It's vitally important that foundations and nonprofits engage and collaborate in a healthy two-way relationship to bring about the change they both seek. But there is often a wide disconnect between how funders and grantees go about their work.
As a grants manager, you’ve always understood the importance of data, even if you don’t always consider yourself a tech guru. As the quarterback of the grantmaking process, you regularly collect critical pieces of information and synthesize it for future use. You’ve always known you needed data. But until recently, deep dives into the world of data were rarely expected from you due to a perceived lack of expertise, time, or mandate from leadership.