Did you know that there are very many privatized foundations along with hundreds of corporations and government agencies that are ready to give away billions of dollars in the form of different types of grants? Before you run out to try your luck, you should get some basic information on ways to apply for grant finances. Here are some key steps:
Spot your favorite funders. You can join any of the online foundation directories. For instance, Foundation Search can be a good place to look. The same goes for The Foundation Center.
The only negative side of these sites is that they are a bit pricey. But these directories provide you with ready access to the latest info on thousands of grantors in the US. So the price is worth the value you get since it gives you some starting point that you can apply for grant money!
If you think that joining those online directories is too expensive for you, you can buy an annual printed directory they publish. But you must understand that these printed directories need to be supplemented by further research. Keeping your information up-to-date is important!
Sit with your colleagues and try to define what your organization or project is all about. There’s a lot of tough competition for the government or private grants out there. So you’ve no choice but to give it your best shot!
You should even now be straightforward while attempting to persuade the imminent funders. Endeavor to get clear thoughts on how that grant money you’re applying for would be utilized or how it’ll bring long and/or short-term benefits to the community.
Make a certain plan. The moment you write down the achievements you want to realize with the grant, your next step would be to develop a solid step-by-step work plan ask for the financial aid. Generally, your funders are interested in knowing whether you already have the knowledge, experience, and competence it takes to achieve your goals and to use that grant money wisely.
Get started with the ‘letter of intent’ for applying. It should describe your profile in brief, along with your project’s goals, objectives, and mission. In this document, you’ll clearly mention the amount of money you’re asking for.
Theoretically, this ‘letter of intent’ is supposed to get the funders familiarized with your organization or project. Therefore, it should showcase the project in a compelling way to grab the interest of the readers. You want to ensure that the readers feel inclined to learn more and eventually ask you to submit the application officially when you apply for grant money.
From the steps above it is clear that you can easily acquire financial grants to help you out on your daily requirements and even your long-term obligations. To not be stressed and strained financially day in day out, instead seek the help of financial grants and you will surely get out of that compelling situation and handle it in a way you never imagined.