These are some of the top grant-writing tips for nonprofits. It’s important to note that writing for a grant is different from other types of work because it requires an intentional address. You’re an executive director who is passionate about your organization and committed to helping those in need in your community. You know that there is a need in your community, and because of your generosity and kindness, you have said yes to helping. Grants are a great way to fund these efforts, but you have to approach them strategically.
Know How Grants Work
A grant is a gift that an entity can give to another organization so that it can achieve its goals or mission. Usually, this money is provided by two funders: the government and foundations.
Although grant funding can be a fantastic tool for an organization, it’s not always the best use of it. In other words, while it can help you get through the red, it should not be the sole funding source for your organization’s operations. Instead, it should be used to complement your existing efforts.
One of the essential factors you should consider when developing a fundraising plan is the maximum amount of grant-awarded money that you should limit to around 10-20% of your goals. This means that if a major donor gives you more than 20% of your revenue, then you should be very nervous about how you will be able to reach your goals.
Know How to Find Grants
Before you start the process of searching for grants, it’s crucial that you first think about your network. This will allow you to identify potential donors interested in supporting your organization. You should also ask your various electric, insurance, and banker partners about their grant programs.
One of the most effective ways to find grant opportunities is through a grant database. Although Google is the best tool for searching for grants, it’s not always the best way to organize and track these opportunities. Having a grant database can help you find grant opportunities in seconds.
Connect with Potential Funders
Building solid relationships with potential funders is crucial to many nonprofit organizations’ success. They work to develop these connections throughout the year as they try to secure grant funding.
Although it can be hard to build strong relationships with potential donors, these connections can help you grow and succeed. One of the most critical factors you should consider when developing these connections is to care for your donors as you do for your organization’s beneficiaries.
Follow up and thank them well, and do not just take their money. Also, ensure that you regularly monitor your grant program’s progress. Keep in touch with potential donors during the funding cycle and show them how you appreciate their gifts.
Don’t Rush the Application
Even if you’re applying for a small community foundation grant, it’s important to remember that it takes time to get the job done. Also, ensure that you are not rushing through the application and are focused on doing the best for your organization.
If you need help, consider delegating parts of the grant application to a staff member, volunteer, or Board member. This is a great way to highlight your character and show that you are willing to help others. In addition to being able to ask for help, you also have the opportunity to ask for the expertise of others by asking them for their expertise.