Wednesday, July 10, 2013

Is Your Organization Grant Ready?

How many grants has your organization received in the past four years?
If the answer is none, or sparse, it's time to do some homework.
Homework assignment will vary depending on whether the organization has established a track record. Does your organization have cash sponsors or corporate donors?

Small and large organizations struggle to get aspects of their plan together. Here are some very general questions. Do you know how to write outcome measures? What kind of statistics are tracked? Can your team manage a project timeline? Is your funding plan reasonable? How will you demonstrate fiscal responsibility?

Make sure to have a copy of nonprofit status, tax identification number and other documents to send as attachments.

Set up a simple form to track research. Use the research to decide if the organization meets the grantors funding guidelines and other pertinent information.

Determine if the grantor accepts unsolicited letters of inquiry or full grant proposals. What are the grant reporting requirements?

There are different types of grants-program, project, operational funding, capital projects, capacity building grants, technology, equipment and mathing grants to name a few. Most do not fund 100% the identified need. Be prepared to submit required figures, ratios, corresponding budgets if requested, and a list of other supporters.



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