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In this tutorial, Tracy Kaufman, Programs Manager at Candid, emphasizes the importance of budgets in grant proposals. She highlights that funders prioritize two key elements: credibility and impact. Notably, many funders first review the budget, as it clearly outlines the project's components, requirements, and funding status—indicating what support has been secured and what is still needed. A well-structured budget serves as a crucial tool to demonstrate both credibility and impact to funders. Kaufman cautions that inconsistencies in numbers or incomplete project details can undermine credibility, stressing the necessity for accuracy and thoroughness in budget presentations.
