When you have a nonprofit with a full grant pipeline. You have funding for projects, programs, and equipment for your non-profit organization. Meaning grants are necessary for a healthy fundraising program. The us financial aid every year gives away a lot of money for grant projects. Unfortunately, thousands of non-profits apply for these grants, but only those that qualify for the grants will get the money. Because of this, you need to ensure that the grant requests your submitting get approved. Since it is not as easy as it seems to win a grant for your project. In this article, are 6 questions that will act as a guideline when researching for grant prospects.
- Where do they fund?
In which geographic areas do they want to fund? These foundations always have specific places that they are interested in funding. So, take note as this can change from one year to another depending on where they want to create change. Plus, if it is not specific, check previous successful grants as they have the state and city where the awardee was located. Consider if there is a pattern with the research you do. Also, is the interest in the community or the particular nonprofit? Where they are giving to a variety of non-profits in your area, the foundation is in a better possibility.
- What amount do they give?
Knowing the figure that you can get in your nonprofit is not hard. First, check on the range of grants, and if you are a first-timer, choose an amount that is lower than the range. This is because large grants will go to previous grantees and grantees with a relationship with the foundation. So avoid asking for the whole amount of your project. In most instances, one foundation will not fund it all. Therefore, study what you can find about the amount they give and through this make a decision.
- What kind of programs do they fund?
As you look for the perfect grant, try to find out if the foundation you want to apply to is trying to impact the issue you are after solving. Find out if they care about your cause. For instance, check if they are trying to create an impact on specific issues. For instance, animal welfare, homelessness, economic development, and welfare, among others. Also, check if it funds in your geographic area and its supporting solutions for the problem you intend to solve. Check these in the guidelines and if it is not in the same interest as what you do, move on to the next prospect.
- When do they give grants?
Where you seek to get the grant from, check if they have published their deadlines, accept grant proposals, or issue requests for proposals all year around. Importantly, check if they need a letter of inquiry first and if funding will be on time so that you move forward with your project. When you have these answers, you can determine if the funding fits in your program.
- What type of grants do they award?
As you figure out a good grant opportunity for your project, ensure you also know the type of grant that they award. Is the type of grant awarded what you need for your project? Also, does it make grants for salaries, operating expenses, capacity building, and equipment? Once you confirm this is in line with what you are looking for, you can go ahead and apply, and if not, move on to seek another one.
- Do you have a personal contact?
If you have an inside contact with a board member or staff of the foundation, it is a great factor in whether the grant is denied, awarded, or seriously considered. Therefore, talk with the board members of your nonprofit. In case they have personal contact with your grant prospects for they might, for it will come in handy.
In conclusion, you need to be patient as vetting for the right prospect of where you get your grant. The above questions show there is so much more in finding the right prospect than just finding a perfect match. Therefore, do your research right. In this way, you will have the correct information about their guidelines and interests. Also, this will help you focus on the needs of your organization.