Competing for Grant Money
What if your job was giving away money? Giving away money to address problems you consider important. Now that would be an awesome job. In reality, most charities in Canada need to secure money while less than 5% of the sector are grantmakers.
So if you need money to deliver programs and make an impact, why not approach those groups whose sole mandate is to give away money? But isn’t everyone approaching them? Isn’t the competition fierce?
Actually, on the contrary, the competition is not as fierce as youth think. Grantmakers tell us that many applications they receive are discarded as they fail to answer central questions or address priorities. Consequently, grantmakers choose from a small selection of well-planned and well-prepared applications.
There are a number of reasons why grant seekers are failing to produce precise and polished funding proposals.