Overview
Adding funds to a project allows you to allocate resources to ensure project success. There are two primary types of funds you can add: Program Funds and Project-Specific Funds. Below is a step-by-step guide on how to add both types of funds to your project.
Process
Adding Funds to a Project:
Select “Funding” from project navigation.
Click “Add Fund”.
From here, you can select from two funding types:
Project Specific Fund: This fund is exclusively tied to a single project and can only be used for that project.
Program Funds: This fund can cover a wider range of projects or organizational requirements and can also be utilized for organizational capital investments, maintenance, or broader program-related expenses.
Adding a Program Fund to Your Project:
To add a Program Fund, you can either create a new fund provider or select from an existing fund, then click the 'Next Step'.
Enter the funding amount to allocate toward this project.
Click "Add Program Funds".
Your Program Fund is now available in your project.
Important: If an existing program funding source does not appear, it’s likely because its Start Date is set in the future. Only funding sources that are currently active can be added to a project.
What is a Program Fund?
A program fund is a pool of resources associated with a fund provider. You can allocate program funds across the workspace to different projects.
Need help adding Fund Providers? Use our guide.
Adding a Project-Specific Fund:
Select the "Project-Specific Fund" option.
Fill in all the required fields.
Click “Add New Fund”.
Your Project-Specific Fund is now available within your project.
What is a Project Specific Fund?
A Project-Specific Fund is a unique funding source associated with a fund provider exclusively for a particular project.