By Vince Siragusa
February 2011
 

In building a comprehensive grantseeking strategy, the educated grantseeker will work to diversify potential funding options. Considerations should be afforded to the usual suspects, including federal, state and foundation/corporate funding. However, depending on the structure of the would-be applicant and the nature and cost of the project(s) being considered, a number of other funding opportunities may also be at your finger tips.

A big federal agency just released a new grant that is accompanied by a guidance document filled with 150 pages of content. The guidance document contains all the granular details on the grant program, including instructions for development of the proposal and submission. The guidance document may be referred to by several names, including request for proposals (RFP), request for applications (RFA), and Notice of Funds Availability (NOFA). Based on a quick review of the information, you are considering developing a proposal under this recently released grant program. Considering the size of the guidance document, one would assume that the items and services eligible for purchase with the grant funding are clearly delineated.

The application has been submitted, the award has been drawn down, and all seems quiet on the grant front. Can you relax, now that the project planning and actual writing has been drawn to a close?

As many of us know, the release of a grant program’s guidance document usually occurs roughly six weeks before the grant’s application deadline date. In the event that a current deadline is missed, common practice indicates that a would-be applicant should be targeting a submission to the next available offering.
Don’t approach this “down time” with idle hands–understand that there is always important work to be done with the next submission in mind.

The progression of the Information Age has fundamentally altered the ways in which people interact, affecting all areas of our lives. From communicating with friends and colleagues on platforms like Facebook and LinkedIn to keeping up with global news (and our favorite celebrities) via feeds such as Twitter and Digg, the world in which we live has become increasingly digital, connected, and immediate.

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.

Run a grants search on the internet and you'll stumble across many websites claiming to provide access to "Free Money," "Grants for Moms," and "Government Grants - Everyone Approved!" These claims have a common theme—easy, free money. In a perfect world, organizations laboring for a worthy cause would be able to tap into the money they need simply on the basis of their noble aims. Unfortunately, there truly is no such thing as a free lunch.

As many organizations and agencies can attest, nothing quite compares to the disappointment of an unfunded grant application, particularly one that an organization has put its full weight behind with planning, implementation, and drive. It's tempting to take that application, throw it in the trash, and move on. However, successful, tenacious grantseeking often involves taking those applications that were not successful and learning from them.

In the grants world, "matching funds" means bringing two different funding sources together for one project. Match or cost-share requirements are minimum amounts of funding that must be derived from a source other grant funder. The purpose of match requirements is usually to promote collaborative efforts, as discussed in the July issue of GO Know, and/or demonstrate the ability of your organization to sustain a project beyond the life of a specific grant.

The grants world is full of any number of variables that must be defined. To which grant program should I apply? How much time do I have for proposal development? Is there a need for collaboration? Will my project fit into the eligible expenses of the grant program?

These are a few of the many grant questions for which grant answers are necessary. By developing a familiarity with the funding opportunities and an understanding of how the system works, you will quickly begin to address some of these gaps.