Should you accept that new grant?

Description

Abstract: Grants — whether from a government agency or a private foundation — are among the most important funding sources for many nonprofits. However, blind acceptance can backfire in costly and time-consuming ways. This article shines a light on unpleasant surprises that may accompany a grant. And it suggests factors a nonprofit should apply before accepting a grant, such as administrative requirements, cost inefficiencies and lost opportunities.