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Metrics: similar to indicators, specific measures used to<br />
evaluate the success of a project or activity<br />
Mission statement: a short written statement that<br />
describes the purpose of an organization<br />
No-cost extension: permission from a funder to continue<br />
a grant beyond the original grant period (usually for a<br />
defined time period) because the project has not been<br />
completed and/or all the grant funds have not been<br />
spent<br />
Objective: specific actions designed or taken to reach a<br />
bigger goal<br />
Organizational budget: the general operating budget for<br />
an organization as a whole, including both expected<br />
revenue and expenses (usually shown by calendar or<br />
fiscal year)<br />
Overhead: the regular costs of doing business for an<br />
organization, such as rent and utilities; also referred to<br />
as general operating expenses<br />
Program Officer: person at foundation responsible for<br />
1) reviewing whether grant applications meet the<br />
foundation’s requirements and fit the foundation’s<br />
mission, 2) recommending grant applications for<br />
the foundation to accept or reject, and 3) evaluating<br />
approved grants; program officers typically have some<br />
expertise in a field related to the foundation’s mission<br />
Project-specific or program budget or grant: a budget<br />
or grant that shows the expenses for a specific area of<br />
work detailed in a proposal; these are a sub-set of an<br />
organization’s general operating budget or overall work<br />
Prospect: a person or organization likely to make a<br />
financial contribution to your organization<br />
Prospect pipeline: a list of potential financial supporters<br />
Pitch: a short, informative and enthusiastic summary of<br />
organization’s work that can be delivered verbally or in<br />
writing<br />
Request for proposals (RFP): an invitation to submit<br />
a proposal for a specific program area or type of<br />
project; sometimes funders invite only pre-selected<br />
organizations to apply, other times funders post RFPs<br />
publicly so any organization that matches its terms<br />
can apply; also referred to as a call for proposals<br />
Rolling submission: applications are accepted throughout<br />
the year and not on specific deadlines<br />
Social networking: a community of people who interact<br />
through the internet, often through platforms like<br />
Facebook or Twitter<br />
Substantial variances: significant changes in spending<br />
from an original budget (funders have different<br />
guidelines for what constitutes “substantial”)<br />
Tax-exempt: taxes do not apply, subject to specific<br />
tax laws and regulations (in the U.S., registered<br />
foundations and nonprofit organizations do not pay<br />
tax on their revenues and have to meet specific criteria<br />
to be eligible for tax exemption)<br />
Theory of Change: short description of why you think<br />
your project/program will achieve your goals. In other<br />
words, why do you believe the activities you identified<br />
will lead to the outcome(s) you seek?<br />
Unsolicited proposal/application: a proposal or<br />
application submitted without prior contact or<br />
approval from a funder<br />
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