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What is a grant? A grant is a financial donation given as support to an individual, organization, or program. This support is most frequently offered through a corporation, foundation, or government agency. Grants are typically awarded to non-profits based on their population of focus, the types of support offered by their program, or the type of non-profit. While grants do not have to be repaid, they require a significant amount of preparation, thought, and commitment.
There are many things to consider when preparing to apply for a grant. Understanding the needs of your focus population allows you to present their needs accurately and develop an appropriate solution. This will help your stake holders understand the importance of your proposed program. Evaluating your project and deciding how much funding will be necessary is a vital step. This will guide you to the right grants and the correct amount of funding. Research what grants are right for your program, and if you meet their criteria for giving. Carefully write your grant with the appropriate language, or find potential collaborators or consultants that can assist with this process. It is important to allocate enough funds to run the program until the grant funds are.
Having pre-established organizational goals is vital when receiving grant funds. Having clear objectives and goals will allow not only comfort funding sources when awarding grants, but create ease when carrying out grant funded programs.
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