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Working with Foundations
The document outlines strategies for building a fundraising plan, including analyzing past efforts and identifying new opportunities. It details types of foundations and provides guidance on proposal elements such as goals, project descriptions, and evaluation plans. Additionally, it offers tips for successful funding applications and emphasizes the importance of relationship-building with funders.
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Working with Foundations
- 1. Working with FoundationsKernodle Center for Service Learning & Community Engagement Elon University February 10, 2011
- 2. Why are youhere?
- 3. Robyn Fehrman CommunityProgram Officer (919) 474-8370 x. 128 [email_address] Twitter: @TriComFdn Facebook.com/TriangleCF About Me
- 4. Agenda Building aFundraising Plan Types of Foundations Introduction to TCF General Proposal Elements Tips for Success Your turn to be the Funder!
- 5. Building a FundraisingPlan 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
- 6. Building a FundraisingPlan 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
- 7. Types of FoundationsPrivate 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
- 8. Introduction toTCF 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
- 9. Researching a FoundationResources 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?
- 10. Proposal Elements Statementof 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?
- 11. Proposal Elements Anticipatedoutcomes, 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?
- 12. Tips for SuccessBuild 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
- 13. Your Turn! Readproposal Score using TCF Proposal Assessment Rubric Discuss strengths and weaknesses Would you fund this organization?
- 14. “ You arenot 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
Editor's Notes
- #3 If you had $10,000 to give away tonight, where would you give it and why?
- #6 - Learning to work with Foundations is only one small part of a successful nonprofit organization’s fundraising strategy
- #7 - Learning to work with Foundations is only one small part of a successful nonprofit organization’s fundraising strategy
- #8 If you know how to work with one foundation….you know how to work with one foundation.
- #9 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.
- #14 Thinking from a funder’s perspective will make you a better proposal writer.