Best PracticesThe Grant Doctors 365

The Grant Doctors 365 / 080420

Unwritten grant management rule #2. Again. This should be common sense. I’ve seen many cases where organizations are awarded millions of dollars, but at the end of their grant term, they’ve spent only a few hundred thousand and they’re scrambling to get a one-year extension to try and salvage something positive out of their program. I’ve also experienced this with one-year $50,000 grants. People sit on the money for 9-10 months and wait until the last minute to get started. It’s pathetic (to be brutally honest). This is why it’s so important to have everyone on the same page when the proposal is being prepared and immediately after funding is received. The money won’t last forever. If you waste time, you’re wasting an opportunity.