Growing Organizations with Grants
Grants are a mystery to most organizations. They are hard work. They are unknown. They are even hard to get. But, they are a good source of fundraising if you can manage it. Let’s spend a little time talking about them.
Start with Research. First, you have to start with research. It wouldn’t make sense for a non-profit that runs a soup kitchen to seek funding from an organization that focuses on sports initiatives. Don’t waste your time or theirs. Grants are almost always based on eligibility criteria. These are called funding requirements.
Duration of Grants. Second, make sure that the duration of the grant makes sense for you and lines up with your needs. Most grants have a specific duration.
Be Thorough. There is fierce competition for grants carrying a significant amount. So detailing the history and providing accurate background information is essential for a non-profit to get its grant approved. Funders also look into factors such as financial stability, a clean record, the non-profit’s vision, etc. during the approval process.
Sources of Grants. Grants are sourced from the general public, government and private foundations. These grants generally have targets. Some target organizations serve the public directly. Some target organizations serve other organizations directly. Some prominent grant-giving foundations include Bill Gates and Melinda Foundation, Henry Ford Foundation, Robert Wood Johnson Foundation, and the Andrew W. Mellon Foundation.
Get Started! Nothing can teach you better than experience. The biggest thing you can probably do to learn about grants and the grant-making process is to start! Most organizations stop before they start. Don’t! Start today and see where it goes.