A spending plan isn’t just a “grantmaking budget”—although it’s certainly that. First and foremost, it’s a plan. Many foundation boards have difficulty translating their big-picture goals into smaller, achievable steps that will move them forward. A spending plan, which budgets for each area of interest, helps to narrow the universe of funding possibilities and guide decision-making. So, how do you create a good spending plan? This article will provide you with suggestions.