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In this tutorial, Tracy Kaufman, Programs Manager at Candid, discusses the importance of budgets in grant proposals. She emphasizes that funders prioritize credibility and impact in proposals. Notably, many funders begin their review by examining the budget, which should clearly outline the project's components, requirements, and existing funding secured compared to the amount being requested. A well-prepared budget serves as a vital tool to demonstrate credibility and impact. Tracy highlights that inconsistencies in the numbers or missing elements can undermine the proposal's credibility. Therefore, a comprehensive and accurate budget is essential for effective grant writing.
