Fundraising Guide (English) June 2014 - Page 41

APPENDIX 1: GLOSSARY OF KEY TERMS Ask: a formal request for a contribution to a donor or prospect Fiscal agent: an organization that accepts donations on behalf of another without tax-exempt status and forwards the money to the other group, sometimes taking a fee for administrative expenses Beneficiary: person who benefits from a project or receives services provided by an organization General operating support/unrestricted funding: a grant that can be used to pay for indirect costs or direct costs at the recipient’s discretion Budget: a chart or list of costs associated with an organization or project added together and totaled; in grant writing, there are two main types of budgets – an organizational budget (or general operating budget) and a project/program budget Gift: a contribution that does not need to be paid back; this could be a monetary gift or an in-kind gift of products or services Budget narrative/budget justification: an explanation of each cost category in a project budget Giving circle: groups of donors who pool their contributions to support specific causes or organizations Call for proposals: an invitation to submit a proposal for a specific program area or type of project; sometimes funders invite only pre-selected organizations to apply, other times funders post calls for proposals publicly so any organization that matches its terms can apply; also referred to as a request for proposals (RFP) Goal: the big picture outcome or result you want your organization or program to achieve Grantee: term for an organization receiving a grant from a foundation or other institutional funder Concept note/paper: similar to a letter of inquiry or intent (LOI), a short document that describes a project; while an LOI is usually 1-3 pages long, a concept paper can be