Grant Writing Flashcards
501(c)3)
section of IRS code the exempts charitable organizations
501(c)(k)
section of IRS code that exempts childcare facilities
501(c)(e)
section of IRS codes that exempts hospital facilities
501(c)(13)
section of IRS codes that exempts cemeteries
990
IRS Return for exempt organizations with $50,000 to report
990N (or epostcard)
IRS E-Return for exempt organizations with less than $50,000
990-PF
IRS Return for private foundations
990T
IRS Form for nonprofits to report unrelated business income
acquisition cost
cost of the asset including the cost to ready the asset for intended use.
advance payment
a payment made to a grant recipient before disbursements are made by the recipient or based on a predetermined payment schedule
allowable costs
costs that are approved by the OMB and may be included in a government grant’s budget
altruism
key intent that philanthropy expresses; a concern for the welfare of others selflessness
application package
group of specific forms and documents for a specific funding opportunity
approach
methods of activities to attain goal or aim
arms length relationship
not related by blood, marriage, or prior business relationship
assets
cash, stock, bonds, real estate, furniture, equipment, and other holdings of a corporation, foundation or nonprofit org
assurances and certifications
documents that attest to the fact that your organization complies with government regulations; attachment to government grant applications
audit of financial statements
an examination of financial documents by a CPA to render an opinion as to fairness consistency, and conformity to generally accepted accounting principals
authorized organization representative
person who is approved to submit a grant application on behalf of an entity
award
agreements including grants, cooperative agreements and contracts, but not technical assistance
award letter
letter form grantor to grantee committing grant funds
benchmark
criterion against which progress or performance is measured
bequest
donation upon the donor’s death
best practice
an agency or association declares a process, technology, procedure, or program to be the most effective
branding
marketing your organization’s name or product so that it becomes commonly recognized with the service or product
bricks and mortar
informal term referring to capital funds used for construction or remodeling
bylaws
rules governing the internal operation of a corporation or nonprofit organization. They determine the method for selection of directors, committees, and conduct of board meetings
budget
means the financial plan for the project or organization
cage code
five character code which identifies organizatins planning to do business with the Federal Government and is assigned through SAM
Capacity building
increasing the scope or reach of the organization
capital assets
purchases with a useful life greater than one year that are capitalized over the useful life of the asset
capital support
grant to purchase land, land improvements (new or used) building renovations, major equipment, or vehicles
carryover
funds from one program year that may be used in the next program year
catalog of federal assistance (CFDA)
historical database of federal programs providing grants and cooperative agreements
certified grant writer
credential awarded by american grant writers association demonstrating proficiency in grant researching and proposal writing
