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Evaluating Your List of Grant Prospects

Now that we have finished our research, it is time to put it all together and develop a strategy, or plan of action, by which we can access grant funds for our project. The most important rule to follow here is to be inclusive when it comes to developing a list of potential funding sources. If there is any doubt at all, it is best to keep that source on the list. This is particularly true of private foundations where often the first inquiry is a two-page letter. In most cases, the same letter can be sent to multiple foundations with very slight variations. There is therefore little or no cost involved in including additional foundations on the “potentials” list. It is much better to include some sources which may not work rather than miss out on a source which might later prove to be a beautiful fit for the project.

Most governmental grant programs are generally rather clear in their guidelines. Once again, the idea here is to look for “deal breakers” such as project eligibility, applicant eligibility, geographical eligibility, due date, and matching funds. If there is any doubt at all, it is absolutely essential to contact the funding agency to get clarification. It makes no sense to commit significant staff resources to write an application only to have it be turned down during the initial review without being rated or ranked due to ineligibility. It can also be quite embarrassing to explain to your boss or to your Board of Directors.

Once the grant writer determines whether the project (or the applicant agency) will meet threshold (eligibility) review, it is time to determine the chances of success versus the staff resources required to complete the applications. There are several variables here, and the process somewhat resembles a juggling act. If the application is relatively simple, it makes sense to apply even if chances of getting the funding may not be the most promising. In this case, relatively few resources will be utilized, but yet there is still a chance of receiving grant money. There is no magic formula which tells you when the committal of resources is worth it. This is a highly personalized decision made by the applicant agency and will in part depend upon how ample the agency’s resources are. If the organization is operating on a shoestring, it may not be worth the effort to have three staff members take two entire days to prepare an application which only has about a 10-15 percent chance of being funded. There are better ways to utilize staff resources.

On the other hand, an application with a relatively high chance of being funded should be submitted even if a significant amount of time and resources is involved. It is better to stretch oneself a bit and “go out on the limb” in order to have the best chance of succeeding at grant seeking. Even if the first try does not succeed, the organization is in a better position the following grant round and may very well receive the funds at that time. A re-submittal of the same application obviously does not involve nearly as much work. In addition, if your agency submits two or more of this type of application, even if the staff is hard-pressed for a short period of time, the odds are that you will receive approval for least one of these applications.

Most federal applications require a substantial amount of work. It is also well to keep in mind that federal programs are awarded through national competitions. It is a good idea to not apply to federal programs if the project is marginal and significant resources are needed to complete the application. For this reason, it may be well to give preference to state programs.

Other search criteria which can eliminate certain private foundations are geographic eligibility, eligibility of the applicant, and eligibility of the activity. The chances of receiving funds from a local foundation or from a foundation which only awards grants within a certain state are much higher than receiving funds from a foundation which gives on a national basis. The grant seeker is also advised to try to match its proposed project as closely as possible with the interest areas of the various foundations. A client recently asked me to search for funding to construct a building which would house a local Boy Scout troop. When searching foundations which give nationally, I only specified those which are interested in giving to Boy Scout projects. If I had searched for national foundations which are interested in giving to youth activities, the list would have been too long and it would have been very difficult to sort it out. However, in searching local and state foundations in my area, I included both areas of interest — Boy Scouts and youth. The advantage in applying to local and state foundations was enough to include those only stating an interest in youth activities.

When making telephone or e-mail inquiries to private foundations in order to determine the eligibility of your project for their funding, keep your questions short and
direct. You will be much more likely to receive an answer this way. Do not ask them to make a detailed critique of your project’s eligibility. They do not have the time for this.

One last word on eliminating various sources- clearly, those funding agencies whose applications and administrative requirements are beyond the scope of your ability should be taken off your list. One example which comes to mind is many of the programs funded by the National Institutes of Health (NIH). The majority of the funding awarded by this agency is for scientific research which must have a principal lead investigator with sufficient academic and research credentials. In addition, the project must be rigorously designed in order to follow the protocols accepted by the scientific community. The applications are extremely lengthy and complex and it is most helpful if a scientist completes the majority of the items. It is almost impossible to “get your foot in the door” unless you are a recognized academic/scientist/researcher. Several laypeople have approached me about applying to NIH for rather loosely organized studies dealing with mental and physical health. I have told all of them that such an application would be a waste of time. This is something that I very seldom tell anyone.

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