When most people think of grants, they think of applying for and being a recipient of one. But when it comes to nonprofit organizations, Grants Management is inclusive of the management of funds available to disburse, supporting entities interested in applying for funds, reviewing applicants, and ultimately awarding or denying the ask.
Redpath can help a nonprofit or foundation (private or public) set up Salesforce to help track and manage the details around Grants Management.
Every grant-making organization needs to know:
- Who — the individual or organization — that applied for funding
- The amount the organization applied for
- Amount awarded (or not)
Of course, there are many other data points that Salesforce can also record, but these are required with Salesforce’s Grant Management or Outbound Funds setup, and most likely for all organizations.
Looking for more ways Salesforce and Redpath can help with Grants Management? Dive in to learn how we can help your organization with a database to manage requests all the way through to reviewing applications, to collecting reports to knowing when to distribute funds.