It’s hard to resist a funding opportunity. However, fear of missing out on a grant opportunity that presents itself before your business, organization, or client has a well thought out plan to propose funding for has the potential to sabotage the grant application anyway.
Here’s why: Four of the most common reasons why grants are not accepted stem from half-baked project planning.
- Project objectives and goals are vague.
- Inconsistency between the Budget Narrative and the Project Narrative.
- Success measurements are vague.
- Project objectives and goals are well-defined, but not related.
Funders are looking for well thought-out plans to fund so they know grant money will not be mishandled and will be directly put towards mutual goals in measurable way. While it may be tempting to scrape together a plan at the last minute or proposing a plan for a project that is incomplete in its planning phase to get a shot at money, this will hurt your organization in the long run. It will waste time and resources and leave a bad impression of your organization on potential funding sources.
Instead, start a spreadsheet to track funding cycles for grants that are a good match for your organization. That way, when time comes to apply next year, you’ll be ready.
#BoydGrants #GrantOpportunities #FundingSolutions #EmpoweringCommunities #PhilanthropyMatters #GrantWriting #NonprofitSupport #GrantSuccess #GrantFunding #GrantPrograms #CommunityDevelopment #GrantMaking #GrantSeekers #GrantManagement #FundingTheFuture #MakingADifference #GrantConsulting #GrantApplications #GrantReview #GrantDeadline
Recent Comments