Are you considering grants as a way to fund your program or new initiative at your nonprofit?

Before you start grant writing, ask yourself these two questions:

1. Have you established solid foundation? Grants are not a good option for startup organizations.

Grantmakers like to see you have covered your bases in the following ways:

  • IRS 501 c3 approval
  • Charitable solicitation registration and approval
  • Established Board of Directors
  • Board approved organizational budget projecting expenses and income
  • Accounting system in place, such as QuickBooks, to produce financial reports (ex. profit & loss statement and balance sheet)
  • Liability Insurance
  • Human Resources – you need to show you can sustain program operations and compliance with employment laws

 

2. Do you have any accomplishments? If you are a startup organization, start tracking your outcomes early.

Grantmakers like to see:

  • Measurable outcomes
  • Real stories of life impact
  • Solutions to a community problem
  • Collaboration with other nonprofits in your community to increase success

 

Are these bases covered?

If so, you might be ready to take the next step. Just remember, applying for grants is hard work. It takes dedication, perseverance and skill. Find a qualified writer who has experience writing grants or invest in grant writing training. While grants can make a tremendous difference and have many advantages, it’s important to remember they are not the sole solution. The best approach to funding your nonprofit is developing a diversified funding plan with multiple streams of revenue.

If you have additional questions regarding grant writing, reach out.

We are happy to steer you in the right direction with helpful resources.

Emily Fitchpatrick

Director of Client Services & Coach

emily@ministryventures.org

MinistryVentures.org 
Empowering Ministry Leaders to Go Further, Faster!