To manage grants efficiently, which module should a nonprofit install in NPSP?

For the efficient management of grants within the Nonprofit Success Pack (NPSP), installing the Outbound Funds Module is the best choice. This module is specifically designed to handle the complexities associated with managing grants, including tracking grant applications, funds disbursement, and reporting on the status and impact of grants.

By utilizing the Outbound Funds Module, nonprofits can streamline their grant management processes, providing tools for tracking outgoing funds and ensuring that all financial transactions related to grants are captured accurately. This results in better oversight and improved reporting capabilities, which are essential for accountability and effective grant management.

The other options do not provide the same level of targeted functionality for managing grants. While configuring NPSP settings and other modules may aid in general fund tracking or program management, they do not offer the specific features that the Outbound Funds Module provides for handling grant-related activities. Therefore, selecting the Outbound Funds Module is crucial for nonprofits that want to optimize their grant management process.