How to Create a Balance Between Grants Management and Business Impact
The win-win outcome is the most ideal situation in business, especially when it comes to corporate social responsibility, and particularly grants management.
To achieve this, grantmaking foundations need to think more holistically in terms of resources at their disposal and what they can provide to nonprofits. Grants are complex and take a lot of time to manage properly. It’s not enough to write a check and do a press release - nonprofits and foundations both need more to make your partnership work.
Given the time and resources needed to approve these grants, it’s vital to ensure that your money is being put to good use and providing some sort of return on investment. How do you find the perfect balance of ROI and giving when it comes to grants management, though? While giving back is always ideal, as a grantmaker for a corporation, you still have to be concerned about the company’s bottom line.
Every grant application you approve must in some way contribute to the success of the company in demonstrating business impact and social impact. That’s why it’s so important to make grants management a win-win. Read on to find out how to make it happen...
Want to learn how to create the balance? Read more HERE