By Vince Siragusa
October 2010 (GO Know)

Wouldn’t it be nice if you could run a project by the grant maker before spending hours on a grant proposal? Needless to say, you don’t want to waste valuable time and resources positioning an application with limited funding potential. Inasmuch as the applicant’s time can be better spent exploring other funding avenues, the grant maker doesn’t want to be inundated with applications for projects they have no real interest in supporting. Understanding the role of the Letter of Intent or Letter of Interest (LOI) is one of true time savers in the world of foundation grant seeking. This document must be as well developed as the project for which funding is warranted.