Working with Foundations
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Working with Foundations

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A workshop on working with foundations originally presented to student at Elon University's Kernodle Center for Service Learning and Community Engagement.

A workshop on working with foundations originally presented to student at Elon University's Kernodle Center for Service Learning and Community Engagement.

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  • If you had $10,000 to give away tonight, where would you give it and why?
  • - Learning to work with Foundations is only one small part of a successful nonprofit organization’s fundraising strategy
  • - Learning to work with Foundations is only one small part of a successful nonprofit organization’s fundraising strategy
  • If you know how to work with one foundation….you know how to work with one foundation.
  • Triangle Community Foundation was founded 27 years ago and makes over $14 million in grants each year to nonprofit organizations throughout our region, state, and world.   This grantmaking primarily takes place in two ways – (1) through donor-advised funds and (2) through the Community Grantmaking Program.   Over 80% of the Foundation’s grantmaking takes place through our Donor-Advised Funds grantmaking program.   Donor-advised funds are accounts that individuals, families, or businesses open here at the Foundation. These fundholders then work with the Foundation’s donor-services staff to make recommendations as to where grants from their accounts should go.   The Foundation does not accept proposals for grants from donor-advised funds. Instead, we ask that nonprofit organizations stay in touch with us via email, in-person meetings, and events to inform us about funding needs and opportunities. We then share information about your organization with fundholders, as appropriate. This is an on-going, rolling process. Grants from donor-advised funds are processed every Friday. Grants from donor-advised funds are much more like gifts from individual donors then they are like grants from private or corporate foundations.  
  • Thinking from a funder’s perspective will make you a better proposal writer.

Working with Foundations Working with Foundations Presentation Transcript

  • Working with Foundations Kernodle Center for Service Learning & Community Engagement Elon University February 10, 2011
  • Why are you here?
    • Robyn Fehrman
    • Community Program Officer
    • (919) 474-8370 x. 128
    • [email_address]
    • Twitter: @TriComFdn
    • Facebook.com/TriangleCF
    About Me
  • Agenda
    • Building a Fundraising Plan
    • Types of Foundations
    • Introduction to TCF
    • General Proposal Elements
    • Tips for Success
    • Your turn to be the Funder!
  • Building a Fundraising Plan
    • Gather the numbers
      • Projected total annual expenses?
      • Already committed income?
      • Fundraising expenses?
    • Analyze past fundraising efforts
      • What worked?
      • Where can you improve?
      • What are the new opportunities?
    • Determine available resources
      • Roles for board, staff, volunteers, current supporters?
    • Source: Fundraising Planning Worksheet:
    • A Tool for Creating Your Annual Fundraising Plan, Grassroots Fundraising Journal, 2007
  • Building a Fundraising Plan
    • Develop fundraising strategies for various audiences
      • Individual donors
      • Events
      • Earned income
      • Foundations
      • Government
      • Businesses
    • Hammer out the details for each strategy
      • Net income = Projected income – Total cost
      • Other goals for this strategy?
      • Staff & volunteers needed?
    • Source: Fundraising Planning Worksheet:
    • A Tool for Creating Your Annual Fundraising Plan, Grassroots Fundraising Journal, 2007
  • Types of Foundations
    • Private Foundations
      • Bill & Melinda Gates Foundation
      • Z. Smith Reynolds Foundation
      • The Warner Foundation
    • Corporate Foundations
      • Blue Cross Blue Shield of North Carolina Foundation
      • North Carolina GlaxoSmithKline Foundation
    • Community Foundations
      • Triangle Community Foundation
  • Introduction to TCF
    • 27 year old community foundation
    • Largest general funder in the Triangle
    • Assets: ~$135 million
    • Grantmaking: ~$15 million
      • Donor-Advised Funds
      • Competitive Grants
    • Staff: 16 + interns
    • Find us on Facebook, Twitter, & YouTube
  • Researching a Foundation
    • Resources List
    • Questions to Ask
      • Funding priorities?
      • Typical grant size?
      • One or multi-year grants?
      • Eligibility requirements?
      • Accept unsolicited proposals?
      • Application process?
      • Letters of support?
      • Review process?
      • Site visits?
      • Timelines?
      • Evaluation requirements?
  • Proposal Elements
    • Statement of need, problem, opportunity
      • Why are you doing this work in this way at this time?
    • Goal and objectives
      • What are you trying to achieve? How will you know when you achieve it?
    • Project description, activities, timeline
      • What are you going to do? How are you going to do it? Who will you work with? When are you going to do it?
  • Proposal Elements
    • Anticipated outcomes, evaluation plan, benchmarks
      • What are your indicators of success? What can you measure? How will you measure it? When will you measure it?
    • Budget
      • What is your income? Is it committed or pending? How diverse is your income stream? What are your expenses? How do administrative expenses compare to programmatic expenses?
    • Sustainability Plan
      • Will work continue after grant? If yes, how? If no, how will you transition?
  • Tips for Success
    • Build a relationship
    • Make funder friends –
    • not funder enemies
    • Know funder priorities and assess fit
    • Read and follow directions
    • Ask questions well before proposal deadline
    • Use spell check
    • Make it easy to understand
    • Budget is critical
    • Keep the next proposal in mind
  • Your Turn!
    • Read proposal
    • Score using TCF Proposal Assessment Rubric
    • Discuss strengths and weaknesses
    • Would you fund this organization?
  • “ You are not here merely to make a living. You are here to enable the world to live more amply, with greater vision, and with a finer spirit of hope and achievement. You are here to enrich the world, and you impoverish yourself if you forget this errand.” - Woodrow Wilson