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Published byRafe Booker Modified over 9 years ago
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Jule’ Colvin, President & CEO
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A grant is….. A gift of money from an organization, usually a foundation or government entity, not an individual donor, that does not have to be repaid. Grants are given to non-profits for such costs as: administrative, programs, capital purchases, equipment, capacity building, training, building, rehab.
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Diversify your funding base Build strategic relationships Expand marketing options Develop new programs Fund capital expenses Cover operating costs Strategic Growth
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MethodCost Return on Investment Direct mail to general lists (non donors)115%-15% Special Events50% Planned Giving25%75% Direct mail to prior donors20%80% Foundations/Corporations20%80% Major Gifts5-10%90-95% National Average, all methods:20%80% Why would you spend $1.15 in order to raise $1.00 through direct mailings to general lists? By soliciting foundations and corporations, you would spend 20 cents to raise $1.00. *James Greenfield, Fund-Raising: Evaluating and Managing the Fund Development Process
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Private Foundations Community Foundations Government Corporate Foundations
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Is your agency capable of doing what you say? Will you handle their money well? Will you have social ROI? Bottom Line - Funders Are Social Investors. They Want To Know:
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A Sound Program That Incorporates : Measurable Outcomes Best Practices Good Use of Resources – In Kind, Volunteers, Collaboration Qualified Staff Success Rates & Stories Evaluation/Follow-Up Innovative Piece
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A Sound Agency That Shows: A Board That Gives & Is Active Solid Financials Sufficient/Balanced Budget Past Funding Variety of Funding Sources Administrative vs Program Spending Sound Record Keeping
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A Well Written Proposal Clear & Succinct Follows Directions to the Letter Heart & Head Focus Stories Included Shows You Want to Help the Funder Achieve Their Goals
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Board List/Involvement501 (c) (3) LetterTwo Years of FinancialsStaff ResumesJob DescriptionsOther Funding SourcesAgency /Program BudgetPast SuccessesSupport Letters/CollaborationsWritten Plans Basic Tool Box:
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Relationships Amount You Need is Reasonable for Funder ROI on preparation vs. award Your Focus/Target Population Matches Type of Request Matches (Capital Campaign, Admin, Etc) Geographic Match Religious Match
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Foundation Search Foundation Center Newsletters Library Grants.gov City and County Websites
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Keyword Search Dig deeper – Who? When? What? Amount? Where? Process to apply Dates to apply Can you call them? Sample Foundation Prospect List https://fconline.foundationcenter.org/search/member -index https://fconline.foundationcenter.org/search/member -index
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Review DAC and ABC Apps Is this a good match? What will I need? Follow the directions completely. Leave enough time for reviews.
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