New Release: How to Find Funding for Your Organization

New Release: How to Find Funding for Your Organization

We’ve added a new course to our collection! If you’ve been struggling to find funding for your organization, our new course, How to Find Funding for Your Organization, might be of interest to you. In the course, we cover where to look for funding, how to use various search tools, and methods to track research results.

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Identifying the Right Grant Opportunities

How do you know which grants your organization should apply for? To use your limited resources effectively, it's important to pursue only those opportunities that fit your organizational and programmatic capabilities. Pursuing grants your organization is unlikely to win doesn't make sense. On the flip side, some grant opportunities aren't worth applying to--regardless of the odds of winning an award--because of the high cost of project implementation.

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Creating a Grant Strategy for 2018

Creating a grant strategy involves identifying the funders you want to pursue, and, to the degree possible, specific opportunities of interest from each funding source. Developing a grant strategy also requires insight into your organization. You need to know your organization's long- and short-term goals, its capabilities and resources, and its tolerance for risk. To create a realistic strategy, you also need to be familiar with the general funding environment.

 
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Preparing for a Government Funding Opportunity

Foundation grants often have known release dates and established program areas, which mean there are few surprises: You can find out when the foundation accepts proposals, and you can usually read up on the program areas and past grantees on the foundation's website. You may even be able to access the grant application well in advance of the time applications are due if the foundation uses a standard application format.

Government grant opportunities are different. For many government funding opportunities, the agency that will release the funding announcement doesn't have direct control over all the variables including how much money a grant will award and even when the opportunity announcement will be published.

 
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Tips for Finding Foundation Grants to Support Research

Researchers depend on grants to fund their work. The largest funders of research are government agencies. Private and corporate foundations also fund research. Although grants awarded by foundations are usually smaller than those awarded by government agencies, foundation grants are almost always easier to apply to, leading to lower opportunity costs.

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Should You Be Relying on Grant Funding?

Grant funding is part of the funding mix for most nonprofits. For some organizations, grants make up the bulk of their funding. However, few organizations can rely solely on grant funding. In part this is because grant funding is unpredictable. Both the number of grants received, and the awarded amounts, can vary considerably from year to year. In addition to the unpredictability of grants, there are other drawbacks. Five are outlined below. Before you embark on the pursuit of grant funding, you'll want to prepare for each of these challenges.

 
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Review of Udemy Course Grant Writing for Nonprofits and Freelance Writers

The course Grant Writing for Nonprofits and Freelance Writers is the first of several Udemy courses related to grant writing and proposal development that will be reviewed as part of the Peak Proposals blog. Grant Writing for Nonprofits and Freelance Writers is directed toward new or inexperienced grant writers. The course is primarily about creating boilerplate text, which is language you can use, with a little tweaking, over and over again for different grant applications.

 
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