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This document provides a structured budget proposal template designed for organizations seeking funding from foundations. It outlines key revenue sources such as in-kind contributions, grants, and program fees, along with a detailed expenses section that includes personnel, consultants, supplies, and other essential costs directly related to the proposed program. The budget narrative explains the basis for cost estimates and connects major budget items to specific project activities, ensuring clarity and transparency. Additionally, guidelines for financial statements are included, catering to both audited and unaudited scenarios.
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Covenant Foundation Full Proposal Budget
Using the Budget Template Revenue • In-Kind • Other Grants • Program Fees • Other (i.e., individual contributions) Expenses • Personnel, Consultants, Supplies, Other • Project Budget and Request to Foundation Simply enter numbers. Formulas are already set.
Budget Guidelines • Focus on expenses directly related to the proposed program • Personnel and Consultants • No overhead
Budget Narrative • Explains the basis used to estimate costs • Details how major items requested relate to the proposed project activities • References specific line items in your completed Full Proposal Budget Form
Revenue Contributions Fees and Dues Grants Earned Income Other Expenses Personnel Professional Fees Occupancy Costs/Rent Travel and Meetings Supplies and Equipment Communications Other Other non-recurring expenses (i.e., capital expenses) Financial Statement Form **This form corresponds to the most recent completed fiscal year.
Audited Financial Statements • Preferred: Copy of the audited financial statements from the two most recent years. • If audited financial statements are not available, then submit a copy of the two most recent unaudited financial statements. • If neither is available, please contact a Foundation staff member who can discuss special circumstances, including: • New Organizations • Fiscal Sponsors • Etc.