Saturday, 22 August 2015

Tips In Obtaining International Project Funding

By Nancy Gardner


Whether it be for a reach out activity or a science project, it is only a given to ask for a grant. This is where you can get support financially. If you want to pursue your work, then you should aim to get an international project funding. Here are the tips on how you can secure the funds to support whatever activity you have in mind.

First, you will find it essential to build trust. The funds will not be given to you without any questions. There needs to be questions you got to answer. More than that, some problems will arise as well. Make sure that these are all dealt with promptly. The best way to do that would be to have clear and regular communications between grant officers.

Observing the project start and end dates can be really helpful for proper spending. If possible, there must be a proper time line being followed so that the money does not get spend at the wrong time. All throughout the activity, money will be required. Make sure that the payments are made according to what has been agreed on.

In the said program, some milestones and targets must be achieved. Thus, the person must come to see to the agreement. In proposing these agreements, ensure that the proposed activities at any given time should have a proper match with the amount of money spent for it. The donations should be allocated accordingly.

Under spending is the same problem as over-spending. For all donors, they are supporting your activities with an estimated amount because they have some purpose they have to meet as well. You will just be giving them too much hassle when the funds they have donated are returned to them. Always spend according to proposals.

There are projects that require multiple donors. For such cases, it is important to monitor your donor-by-donor expenditures. You need to monitor just how much money from certain donors have already been spent. By doing the monitoring, you can avoid underspending and overspending the donated money.

Pay attention to the capital expenditure budgets. You have to ensure that this particular budget are spent early. These are usually used for covering the purchase of equipment. It is only natural that the equipment are purchased first before anything else. Do not allow the capital expenditure budgets to spend during closing months or at the end of the activity.

The donor reports need to be done with great care. You better spend time in preparing the report. Avoid cramming all your work in one day. You might think that writing this report is pretty easy but that is not the case at all. The written report will actually take longer to write. Otherwise, your budget spending will be affected.

In creating a report, you should not be laid-back about it. As much as possible, make the report accurate and complete. This means you have to pay attention to all entries ensuring that every entry is in accordance to the correct period. Make adjustments to your report whenever it is essential for you to do so.




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