GRANT READINESS

Are You Prepared to Apply for Grants?

There is a general misunderstanding about grants being “FREE MONEY”. Let me tell you…it’s not that simple. 

Funders have expectations and requirements you have to meet before, during, and after they consider your organization for an investment. There are many organizations competing for the same dollar. If your organization hasn’t yet developed proper infrastructure, you should probably consider delaying seeking grant funding. You want to be able to honor the organization by taking the initiative to be well prepared and responsible with their fund. To be a successful candidate to receive grant funding you need to have “all your ducks in a row”.

What does it mean to be “grants-ready”? You must have these concepts in place:

Culture & Infrastructure

Resources & Documentation

 Consider the following to determine if your organization is Grant-Ready:

Legal & organizational

Board & Staff

Do you have a Board of Directors in place? Are they active and involved in your organization? What staff is needed to carry out your mission? Have an org chart, job descriptions and bios available.

State, Local, IRS Requirements

Has your organization received its Letter of Determination from the IRS? Are you in compliance with federal, state and local regulations? Is you organization up to date on the filing of tax forms?

Mission, Vision, Strategy

Has your Board drafted a Mission and Vision Statement? What type of work does your organization do? Do you have a clear vision of how your organization can impact your community? Do you have a strategic plan in place?

Community

Who/What does your organization hope to impact? Does your organization serve a specific geographic area, population, or problem?

Finances

Budget

Has you organization established a budget? What is the annual operating budget and the program? 

Funding

Does your organization have a fund raising plan? What fundraising activities have you engaged in or conducted over the last year? Where does your organization currently get most of its financial support? What type of funds do you want to locate?

Accounting 

Does your organization have  prepared (audited/unaudited) financial statements? Has your organization established policies and procedures regarding proper accounting guidelines? When does your fiscal year begin and end?

Sustainability

How will you sustain and maintain this program/project long-term?

programs & projects

Services

What type of work does your organization do and what services do you provide? Are you able to verbally explain the impact of your services/programs and how outcomes will be measured?

Partnerships

The point of using Lorem Ipsum is that it has a more or less normal distribution of the point of using.

Mission, Vision, Strategy

Do you have a specific Mission, Vision and Strategy for this program/project? Have you completed a Logic Model? Does your narrative use language the communicates who your organization really is?

Community Needs 

Has your organization conducted a survey to assess the needs of the community or to determine a target audience who will be impacted by your services/programs? Have you researched the number of the same services/programs offered in your targeted area?

Download a copy of the Grant Readiness Check List Now!

Should you pursue this grant?

You can’t get around the requirements of a grant. It’s best to put time and energy and resources into a grant that meets your needs and the funder’s mission. When considering a grant, ask yourself these questions:

  • Would this grant fund expenses on your operational budget that aren’t currently covered? How much?
  • Would this grant create cover previously un-budgeted expenses? How much?
  • Would this grant fully cover the costs associated with operating the new program, if applicable? If not, how much will still need to be raised?
  • Does the grant seem aligned with our mission and strategies?
  • Do you believe you have a greater than 20% chance of winning?

evaluation & reporting

You may feel panicked when writing a foundation grant application and come to the questions:

  • What are your intended outcomes?
  • How will you evaluate your program?

YIKES! You have NO idea.

All funders want to know that you have a solid, honest, and transparent system for tracking your results. So, where do you begin? If you want to be ready to answer these questions, you must take time to prepare. Consider these measurements as a beginning:

1-2 measures of the services you offer. (How many rallies will you organize, meetings held, workshops offered, etc.?)

1-2 measures of the # of people you'll reach. (How many people will enroll in your program, participate in activities, visit your website, etc.?)

1-2 measures of the important indicators of your impact. (How much money did you raise, meals served, etc.?)

Let’s Start Something new
Say Hello!

2200 Grants

Subscribe To Our Newsletter & Updates

Join our mailing list to receive the latest news and updates from 2200 Grant Writing Services.

You have Successfully Subscribed!