Non Profit Grants
Non Profit Grants
Non Profit Grants can be a a serious source of funding for those who start a non profit. Non Profit grants can be given by individuals, corporations or other nonprofit organizations and can vary in size. While grants are not the most stable form of fundraising for a non profit, if obtained they can infuse the organization with deep funding. Each year billions of dollars are given away to non profits in the United States. Read on to learn more about Non Profit Grants and how a nonprofit can obtain them.
As stated above, many times non profit grants are a highly sought after source of funding for non profits. Non Profit Grants are what the word implies, funding in either money or products, given to the non profit to help it accomplish its mission. The Non Profit Grants is given and not expected to be repaid, which makes the funding even more attractive. However, the majority of grants given have strict stipulations on what the funding is to be spent on. These grant requirements insure that the grantor is able to direct what activities, or expenditures the non profit receiving the grant spends the funds on.
Writing for Non Profit Grants
Most non profit grants require a process called grant writing, by which a formal request is made for the funding which usually involves a substantial amount of information and documentation. Each granting organization has its own criteria and process for consideration. The majority of times there will be stiff competition for non profit grants funds and importance should be given to follow all instructions properly. The non profit seeking the grant funds will need to contact each funding organization and obtain instructions for how to apply for the grant.
Many times the process to apply for a grant follows some common steps below:
1. Submit a short question and answer form that can be obtained by the grantor. When filled out by all the requesting non profits, these questions and answers give the grantor a “baseline” in which to choose a smaller group of finalists to summit a longer grant proposal.
2. The smaller selected group will fill out and submit a longer detailed grant proposal.
3. The granting organization may make phone calls for phone interviews or to ask additional questions.
4. The organization that is awarded the grant will usually be contacted by phone with the decision while all other applicants will be notified by rejection letter.
Learn to Write for Non Profit Grants
It is widely accepted that 80% of the non profit grants awarded are awarded to organizations with which the granting organization has an ongoing relationship. A relationship with a funding organization can be initiated any number of ways. A great way to build an ongoing relationship with a granting organization is to apply for a grant. When not awarded the grant, send a thank you letter for their consideration in allowing you to apply for the grant. Continue to build a relationship with the granting organization by writing and calling throughout the year. When non profit grants with that organization are available in the future, you will have more of a relationship built with which to be considered. This entire process is covered in an 5 hour grant writing course that you can get right here.
I would advise against attempting to fund a non profit solely by non profit grants. Just because an organization is awarded a grant one year does not guarantee they will be awarded a grant from the funder the next year. Instead, build a stable donor base through individuals and corporations. Then with stable funding in place to support a robust budget, spend time requesting grants to enhance the non profit’s funding. In the instance the nonprofit is awarded a grant, it will be funds in excess of the budget and a great way to expand the nonprofit.