GETTING
FREE GRANT FUNDING MONEY PLAN TIPS FUNDRAISING ADVICE BEST SIMPLE SMART STRATEGY PRACTICAL IDEAS EDUCATION
ARTICLE
Learn
the basics on grant money.
GRANT DOLLARS
IN YOUR BACKYARD
Are you worn out by
trying to raise money for a good cause with bake sales, car
washes and raffles?
There’s another way to
go about raising money for a good cause, which is to find
free grant money.
FREE GRANT
MONEY INFORMATION
What is grant money?
Grant money is
funding provided by a federal, state, local group or
funding provided by a private, charitable or civic
organization. Most often grant money is distributed to
non-profit groups such as health care organizations,
schools, arts programs, and service agencies. Grant
funding is available to help underwrite the costs of
various projects ranging from providing food and shelter
to the homeless to funding art programs for disabled
adults to underwriting the cost of computers for a
classroom.
How do you learn about
the availability of grant funds?
While there are
government funds, including federal
and state grant funds available, it often helps to look
closer to home for a source of grant funds. Local funding is
less likely to have administrative and regulatory mandates
and is most often the easiest type of grant funding to
secure.
Who gives away grant
funds?
Think about the
organizations in your community which raise funds for good
causes. The Elks Club, Women’s Club, Rotary, Kiwanis and
other civic or fraternal clubs are good sources for grant
funding. Grant funding is sometimes available from local
businesses especially the local division of a national firm
such as Wal-Mart or Blue Cross Blue Shield.
How do you learn who
gives away grant money?
It’s helpful to start
talking to people in your community who do fundraising
professionally. They can be great resources in helping you
locate sources of grant funding. In many communities, there
is a professional network of fundraising professionals. Many
public libraries provide detailed reference material giving
information about funding availability, how to apply and
levels of funding that may be available.
What’s the trick to
getting grant funds?
Typically, the group or
business giving away the grant funding has very specific
requirements. The availability of grant funds might be
limited to charitable programs serving a specific geographic
area or a certain population of people. Grant funds might be
available to support visual arts but are not to be used for
theatre programs. Some grant funds will cover the costs of
salaries and general operating expenses while some grants
are available only for capital expenses. The trick is to
obtain a copy of the grant application as well as any
written guidelines to ensure that your group and project
qualify for the grant. It can be extremely helpful to
contact a representative directly to learn if grant
requirements have been changed or if new requirements have
been added.
If your project fits
within the stated goals of the grant-making program, then
applying for a grant can be a very fruitful effort in terms
of raising needed dollars. Be prepared to spend considerable
time in research, evaluation and preparation of the grant.
Expect that you will wait 3 months to 16 months before being
awarded grant monies. Many funding sources will also require
an evaluation of your project along with a report about how
the grant funds were expended.
Is it worth it to go
looking for grant dollars?
If you are working on a
long-term project and desire to build financial
sustainability for your cause, then grant writing can bring
needed dollars through the door. Once you’ve gone through
the hard work of writing one grant, you’ll have done much of
the work required by any other grant source. Getting grant
funding adds another dimension to your fundraising efforts
and will help individual donors to see that the work your
agency is doing is being supported by larger institutions
thereby giving your organization a new level of credibility
in the eyes of donors.
What’s the toughest
thing about getting grant funding?
Probably the toughest
thing about getting grant funding is locating the source of
the funds. There are literally thousands of grants
available. Grants can be tough to find. But with some
research, investigation and networking, you’ll find grant
dollars are not only available but likely available from
local groups who would love to support your good cause if
only asked to do so!
To
teach and learn money skills, personal finance, and money
management, please go to the Money
Instructor home page.
Information on getting
free grant money tips and
fundraising advice - Easy Ways
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