We have compiled a list of tips to help you find the grants that will help your organization with it needs and community outreach:
Google has a $10,000/month of advertising is a great opportunity for any nonprofit, regardless of what industry you’re in. It’s a great way to have a strong online presence, and a very cost-effective way to supplement your marketing strategy. And if you need some help managing your ad campaigns reach out to a specialized Google Grant agency.
Bring everyone in your group in on the search. This can be helpful for a couple of different reasons, one of which may be a member of your team may be involved with a foundation or corporation that has grant opportunities available. If you or a member of your team already has some sort of relationship with the foundation, it is true you are more likely to receive a grant. However, don’t worry if you don’t already have such a relationship; we will tell you how to develop one later.
Building a detailed budget will help you understand your organization’s needs and where to go to try to look for grants. The grant search process is a very detailed one. Being as specific about your needs and goals as an organization will help you narrow your search and submit the best proposals to foundations. If what you need is money to renovate an office space, look specifically for grants tailored to that need. Grant criteria differs based on the type of grant you are applying for.
When submitting proposals for grants, make sure to diversify your sources. It is recommended that one single grant should not account for too much of your organization’s funds, so the loss of any one grant will not be disastrous for your organization. The more sources of funding you have, the more stable your budget will be.
Make sure you understand the role of a grant. Do not make the mistake of believing that receiving a grant will solve all of your organization’s problems. Grants actually make up a very small percentage of the money given to organizations annually. A recent study done by Giving USA found that foundations only gave 16% of the money donated to organizations, while individual donors gave over 71%. So don’t spend a disproportionate amount of time looking for grants. Actually, experts suggest that foundations and corporations only make up 25% of your organization’s funding – the rest should be from individual donors.
Keeping that in mind, the best advice we can give when looking for grants is to first look locally. It is crucial for you to develop a solid relationship with the community you serve. If anyone is going to consider you as a grant recipient, they need to know who you are. Your organization’s name should be out there and well known within the community. This will give your organization a credibility that is crucial for the growth of your donor base, especially if you want to grow that base nation-wide. When you’ve found a grant that you think you should apply for, make sure that your organization meets all of the criteria laid out by the grant. All of these foundations have a mission of their own that they are working towards, and the more accurate and precise you can be about the way your organization aligns with their goals, the greater your likelihood of receiving the grant. More research on the front end will save you a lot of time and anxiety on the back end.