Grant Writing

Question 1

501(c)3)

Answer 1

section of IRS code the exempts charitable organizations

Question 2

501(c)(k)

Answer 2

section of IRS code that exempts childcare facilities

Question 3

501(c)(e)

Answer 3

section of IRS codes that exempts hospital facilities

Question 4

501(c)(13)

Answer 4

section of IRS codes that exempts cemeteries

Question 5

990

Answer 5

IRS Return for exempt organizations with $50,000 to report

Question 6

990N (or epostcard)

Answer 6

IRS E-Return for exempt organizations with less than $50,000

Question 7

990-PF

Answer 7

IRS Return for private foundations

Question 8

990T

Answer 8

IRS Form for nonprofits to report unrelated business income

Question 9

acquisition cost

Answer 9

cost of the asset including the cost to ready the asset for intended use.

Question 10

advance payment

Answer 10

a payment made to a grant recipient before disbursements are made by the recipient or based on a predetermined payment schedule

Question 11

allowable costs

Answer 11

costs that are approved by the OMB and may be included in a government grant’s budget

Question 12

altruism

Answer 12

key intent that philanthropy expresses; a concern for the welfare of others selflessness

Question 13

application package

Answer 13

group of specific forms and documents for a specific funding opportunity

Question 14

approach

Answer 14

methods of activities to attain goal or aim

Question 15

arms length relationship

Answer 15

not related by blood, marriage, or prior business relationship

Question 16

assets

Answer 16

cash, stock, bonds, real estate, furniture, equipment, and other holdings of a corporation, foundation or nonprofit org

Question 17

assurances and certifications

Answer 17

documents that attest to the fact that your organization complies with government regulations; attachment to government grant applications

Question 18

audit of financial statements

Answer 18

an examination of financial documents by a CPA to render an opinion as to fairness consistency, and conformity to generally accepted accounting principals

Question 19

authorized organization representative

Answer 19

person who is approved to submit a grant application on behalf of an entity

Question 20

award

Answer 20

agreements including grants, cooperative agreements and contracts, but not technical assistance

Question 21

award letter

Answer 21

letter form grantor to grantee committing grant funds

Question 22

benchmark

Answer 22

criterion against which progress or performance is measured

Question 23

bequest

Answer 23

donation upon the donor’s death

Question 24

best practice

Answer 24

an agency or association declares a process, technology, procedure, or program to be the most effective

Question 25

branding

Answer 25

marketing your organization’s name or product so that it becomes commonly recognized with the service or product

Question 26

bricks and mortar

Answer 26

informal term referring to capital funds used for construction or remodeling

Question 27

bylaws

Answer 27

rules governing the internal operation of a corporation or nonprofit organization. They determine the method for selection of directors, committees, and conduct of board meetings

Question 28

budget

Answer 28

means the financial plan for the project or organization

Question 29

cage code

Answer 29

five character code which identifies organizatins planning to do business with the Federal Government and is assigned through SAM

Question 30

Capacity building

Answer 30

increasing the scope or reach of the organization

Question 31

capital assets

Answer 31

purchases with a useful life greater than one year that are capitalized over the useful life of the asset

Question 32

capital support

Answer 32

grant to purchase land, land improvements (new or used) building renovations, major equipment, or vehicles

Question 33

carryover

Answer 33

funds from one program year that may be used in the next program year

Question 34

catalog of federal assistance (CFDA)

Answer 34

historical database of federal programs providing grants and cooperative agreements

Question 35

certified grant writer

Answer 35

credential awarded by american grant writers association demonstrating proficiency in grant researching and proposal writing