Review your organization’s attributes and clearly define its programs and financial needs
Has your organization previously received foundation funding?
What is your organization’s mission?
Is your organization tax exempt?
Can you describe the audiences served by your organization’s programs?
Where does your organization operate its programs?
Do you have a clear picture of the purpose of the program or project for which you are seeking support?
What are the distinctive features of your project/organization?
How much money do you need for your program or project?
Is in-kind support or another type of support more appropriate than a cash grant?
See the “Before You Begin” checklist provided in the packet
The World of Foundations Each foundation is unique! A grant seeker should expect variation Be prepared to learn about a foundation’s values and interests
Source: Nonprofit Almanac 2008 National Center for Charitable Statistics, the Urban Institute Other Income 2.9% Fees for Services and Goods 70.3% Private Contributions 12.3% Sources of Revenue for Reporting Public Charities The World of Foundations Where Foundations Fit in the Total Funding Picture Government Grants 9.0% Investment Income 5.4%
Total Giving: $306.39 billion Private Contributions by Source ($ in billions) The World of Foundations Source: Giving USA 2008, Giving USA Foundation, searched and written by the Center On Philanthropy at Indiana University
All 501(c)(3) of the IRS Code are either private foundations or public charities.
A private foundation receives all of their contributions from relatively few sources and often relies on investment earnings as their source of ongoing support.
A public charity is either "publicly supported" (i.e. derives a substantial portion of its financial support from the public) or functions to "support" one or more organizations that are public charities.
Funds are generally derived from an individual or a family, or a group of individuals.
These run the gamut from the largest foundations in the country (Gates, Ford, et al) to small, all-volunteer-run foundations, many of which refer to themselves as “family” foundations because of a high degree of family involvement.
If preliminary investigation makes you think that a foundation should go on the list, go ahead and include it.
Let further research you conduct on the funder tell you otherwise.
Use the Prospect Worksheet provided by the Foundation Center to make your prospecting efficient!
Evaluating Your Prospect List – Questions About Potential Funders Does the funder accept applications? Has the grantmaker demonstrated a real commitment to funding in your subject field? Does it seem likely that the funder will make grants to organizations in your geographic location? What are the financial conditions that may affect the foundation’s ability to give? Does the funder give to the same nonprofit groups every year, or have they committed their resources many years into the future? Does the amount of money you are requesting fit within the funder’s typical grant range? Does the funder have a policy prohibiting grants for the type(s) of support you are requesting? Does the funder usually make grants to cover the full cost of a project or does it favor projects where other funders will participate? Does the funder put limits on the length of time it is willing to support a project? What types of organizations does the funder tend to support? Does the funder have application deadlines? Do you or does anyone on your staff have a connection with the funder? See the “Evaluating Your Prospect List” handout in your packet
Visit the websites of nonprofit organizations that are similar to your organization in their mission, geographic area, or target audience and take a look at their donor pages. Find out more about these funders.
Winning Grants: Step by Step, Mim Carlson, et al, 2008
In depth profiles of the 1,000 largest U.S. Foundations
The represent 65% of dollars awarded, but make up only 2% of the number of grantmaking foundations!
A profile includes, purpose of the foundation, limitations, areas of support, fields of interest, financial data, officers and directors, staff, background, policies and application guidelines, foundation publications, and grants analysis
In its report, "Secrets Revealed! How Misleading Advertising Is Feeding a Nationwide Boom in Government Grant Scams," New York State Consumer Protection Board says Lesko and others are feeding a growing number of government-grant scams now hurting consumers across the country .
If you are an inventor and do not need the use of high technology equipment or laboratories, you can probably apply on your own.
If you are a mathematician whose idea relies on computer programming and assistance of technical personnel, you need affiliation with an academic institution or research institute. Funders will want to know that you have access to the appropriate technology and be sure that you possess the wherewithal to do what you propose to do.
Look for the match when identifying funding partners
Foundation fundraising is just one part of your overall fundraising plan
Foundation Center has many resources, including assistance offered by our library staff
Thank you for attending G rant Seeking: The Basics Before we proceed to the tour of the Foundation Center Cooperating Collection, please remember to… Complete your workshop evaluation Have your parking ticket stamped