Relentless deadlines, stiff competition, expectation of sustainability and inflexible budgets do not make grants attractive sources of funding. “To apply or not to apply?” ripple through organizations when facing upcoming grant deadlines. Sometimes it may not be worthwhile to invest the time to write the grant. And sometimes it is worth the effort.
There are multiple sources of revenue for charities which include individual donors, corporations, government, religious groups, foundations, and service clubs to name a few. Different kinds of programs speak to different kinds of funders.
In broad strokes…
If you determine that grants are appropriate, then you need to ask yourself if your organization is prepared to follow the general parameters of grants.
While grants are often enticing, it is important to remember that grants:
Let’s say you are comfortable with all three parameters, then you need to ask yourself if your program is grant-ready.
A grant-ready program has:
If you program is grant- ready, then you need to ask yourself if you have the time, expertise, proper documents and organizational support to complete the application.
If yes, then you are on the road….