How to Get a Grant Fast
Grants are typically defined as funds awarded to non-profit organizations by foundations and government agencies to finance a predetermined activity, event or agenda. In most cases, grant-making organizations will announce the availability of grant monies, outline a certain time period in which they will accept Request for Proposals (RFPs), and then note a specific time period in which grant applications are reviewed and grant recipients selected.
Due to the fact that grant-making entities operate on predetermined timelines, there is no specific way to speed up the grant-seeking process and get a grant fast. There are, however, ways to be prepared for filing grant applications so that when a funding opportunity arises, you can act on it quickly.
Things You'll Need
- Proof of non-profit status (if applicable)
- Tax returns for the past three years
- Letters of recommendation
- Resumes of key staff members
Instructions
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Research grant-making organizations and agencies that are appropriate to your particular mission. According to Grants.gov, most grant-making entities focus on particular types of funding, such as youth, education, health care, etc. Learning about the organizations that are in sync with your funding needs will give you a leg up on the competition.
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Compile the most commonly requested paperwork grant-making organizations ask for. This typically includes, but is not limited to, proof of non-profit status, tax and accounting records, staff resumes, testimonials or letters of recommendations, statistics on your group's past performance, and a detailed summary of what you are requesting funding for.
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Actively seek "matching funds." Many grant-making entities will ask you to "match" funding they give you as a condition of awarding the initial grant. Having your matching funds secured will help you during the grant-seeking process and get a grant fast.
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Anticipate and prepare for questions a grant-making organization may ask you as part of an application review process. You may be asked to elaborate on your stated goals, clarify your mission or defend your past performance.
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Prepare for grant administration responsibilities. Most grants require some type of reporting schedule to ensure funds are being used properly and for their intended purpose. You will have to show, during the application process, that you or a qualified person in your organization will be able to do this.
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References
- Photo Credit paperwork image by Pix by Marti from Fotolia.com