A nonprofit using NPSP receives funding it uses to award grants to national and local...

For tracking funds received and allocated for grants, the Outbound Funds Module is the best solution. Here’s how to configure it:

Install the Outbound Funds Module:

Go to the AppExchange and search for the "Outbound Funds Module."

Click "Get It Now" and follow the installation instructions to add the module to your Salesforce org.

Configure Funding Programs and Grants:

Navigate to the "Funding Programs" tab to set up different programs that receive funds.

Create "Funding Requests" for organizations applying for grants and track the status and details of each request.

Track Funds:

Use "Funding Allocations" to track how funds are distributed to various grants. Each allocation record should specify the amount, date, and purpose of the funds.

Reporting:

Use standard and custom reports to track the inflow and outflow of funds, ensuring transparency and accountability in grant management.