Many grants and funders can be found through the most-famous online hub: http://foundationcenter.org/. Use this "how to" guide as a learning tool to pursue grants. Here are some things to consider about grants in general.
Some FAQs about grants:
What is your project/mission?
Need is the center behind any good grant. If you can make a case for need, you can
nail a grant.
What funders relate to you?
Make a list of local, state, regional, and national funders (they can be government
entities, foundations, or corporations) whose goals relate to yours. Think outside
the box, too. For example, our music professor performs music, but a lot of his music
involves community outreach. Does your organization’s work also involve community
outreach? Arts? Culture? List some keywords like these, too. Use them to search
online. When you are listing each funder, note their typical grant amounts. Some
give $5,000 — some $1-2 million.
Who do you know?
Often, who you know gets you to a better pile, but it doesn’t win you a grant. You
must have a solid proposal and sadly, often a good connection. Think about regulars
who come into your organization, such as board members, trustees, etc. These people
can be helpful in making connections. Once you get going, you can make your own connections
too. You may also want to call and chat with a person before sending a proposal, but
make sure you are prepared before calling.
RFPs, ARRA, LOI — There are many acronyms to know in grant-writing; what do they mean?
Here are a few: RFP = Request For Proposal. (This is a document calling for you/your
institution to apply for a grant. It is posted by the foundation/government on their
site and some other sites, such as the Foundation Center.) ARRA = American Reinvestment
and Recovery Act. (This is the grant associated with all the road signs/work. You
can get recovery money, but there is tons of reporting to do. I am not an expert in
this field. Just thought you should know it exists.) LOI = Letter of Intent. (Often,
when you see a funder or grant you’re interested in, you start by writing the funder
a letter of intent. This can contain two things: a.) if it pertains to a specific
grant, it should introduce the need and your solution (and monetary amount needed
to implement that solution) OR b.) it could just introduce your institution and invite
them to visit. This is a good way to engage support. Be sure, when they visit, that
you have well-thought-out funding ideas to present to them though. Ideally you present
your future plans and wait for them to offer funding. (It’s a subtle game.)
Main idea: Know thyself.
You may have to feel your leaders out more to see their future aspirations, but grants
require growth (a new idea, a growth on an existing idea, a new program, etc.) and
sustainability. Your organization must be able to support the grant idea after the
funding runs out. This is key and sustainability ideas must be present in grants.
It is, however, a possibility to charge for additional programming (to customers)
after a grant runs out. Some nonprofit entities cannot do this, however.