Funding opportunities |NGO Database| Funds for Indian NGOs|
Before submitting a final proposal, donor agencies at times ask to submit a concept note to organisations who are interested to take up activities on the basis of the donor agencies criteria. Concept Note Definition: Concept Note A concept note is a BRIEF summary of a project. A concept note (or a concept paper, as…
Letter of Intent : When organisations interested to apply for any schemes etc. the donor agencies at times ask organisations to send Letter of Intent (LoI) or Expression of Interest (EoI). Letter of Intent is a sort of expression of Interest. Normally this is not a definite contract or agreement. Once an individual or organisation…
Bank Accounts NGOs need to open a General Account and an F.C. Account (if the organization is registered under FCR (Foreign Contributions Regulation) Act. F.C. Account: Under FCR (Foreign Contributions Regulations)Act every association is required to maintain a separate bank account which is meant for receiving & utilization of foreign donations. Funds received from foreign…
How to Choose a Bank : You may have a number of Banks operating in your area. At times we may find it difficult to chose a particular bank. Some of the points that one needs to look at before opening a Bank Account are as follows: When you want to open an account with…
When we apply for grants we need to ensure that all that is required by donor agencies are adhered to and all the supporting documents are attached to. a) Some donor agencies may have a specified time period for applying for funds and others may have flexible time period. Here are some of the steps…
Bank Reconciliation is very important for organisations. It gives an up-to-date picture of the Bank balances and whether that tallies with your books of accounts. Bank Reconciliation: We need to update organisation’s Bank Passbooks’ from time to time. At times there may be less transactions or no transactions and we tend to feel that…
How to prepare a budget III. Administration: This is one area which needs careful financial planning. Many times, in spite of proper planning the administrative costs go up because of various reasons which may be beyond organizations control. As an example, when we prepare the budget we may put the office rent as the amount…
How to Prepare a Budget :: Budget is a financial plan. All of us know what is budget as we do make our financial plans in our personal life also. Planning is an important part of budget and unless it is done in a systematic and planned, the project may end up with shortage of funds…
Capacity Building: a) Identify and work with selected NGOs through intervention partners to uild real capacity that goes beyond project deadlines. b) Ensure preparedness and code of conduct,of Internal systems c) Ensure indicators are menaingful and responsible a) Direct implementaton model b) Restricted prorammes c) Good HR Management d) Deepknowledge of staff and suroundings e)…
Though the likely risks are prioritised at the beginning of the project, while the project is implemented we may come across more risks which also needs to be listed and mitigative actions needs to be identified and closely monitored. In case of NGOs though there may be systems in place to check fraud and accountability,…