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Product OverviewThe social sector is constantly struggling to find ways to do more with less. Increased efficiency can help nonprofits deliver more or better services. One of the areas in greatest need of improved efficiency is grants administration. A report by the Center for Effective Philanthropy concluded that 13% of every foundation grant dollar is spent on grants administration. Thirteen cents on every dollar granted - $4 billion annually - are therefore not being spent on service delivery. The PhilanTrack™ online grants management system facilitates communication about grants between nonprofits and foundations. Rather than submitting grant proposals and reports as text documents or email attachments, grantees submit proposals and reports directly to funders online via a secure website. PhilanTrack is a customizable online proposal and reporting tool which allows foundations to ask questions unique to their funding and reporting strategies and processes. In addition, it identifies common information (contact information, financials, etc.) so that information need only be entered once by the nonprofit, regardless of the number of reports it submits. This system saves substantial time and money in resource allocation for both parties in the funding relationship. PhilanTrack also enables foundations to generate their own reports (for board meetings, etc.) as well as any relevant charts and graphs at the click of a button. PhilanTrack provides accountability, transparency, and efficiency, and equips foundations to cost-effectively understand and analyze their grantees' financial health and stability. Most importantly, PhilanTrack helps foundations, their grantees, and society by making foundation grant dollars go further. Learn More:PhilanTrack for Small Foundations
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