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How to Go From Zero to Hero with Your Grant Strategy
November 3, 2021 @ 6:00 pm - 7:00 pm
Did you know there are 87,000+ grantmaking foundations?
Did you also know that 49% of nonprofit employees expect cost cuts this year and 54% of nonprofit leaders have implemented changes to organizational goals and activities?
Now more than ever, it’s vital for nonprofits to diversify their funding sources. If you are part of a nonprofit without a diversified funding strategy, you leave yourself vulnerable when a major source of funding dries up.
Grants can be a great way to diversify your nonprofit’s revenue. This is because grants can be used for a variety of funding opportunities. Whether you’re looking to bolster your education or outreach efforts, or find support for general operating expenses, grants are invaluable because those 87,000+ grantmaking foundations have to give every year.
Every year, foundations must give 5% of the average market value of their net investment assets — meaning there is grant money out there for your nonprofit.
The challenge that nonprofits face though is not knowing how to find the good fit grants that can support their programs and initiatives.
That’s where knowing what data to dig into becomes invaluable. If you knew exactly what free and paid resources are out there, you’d be able to more easily pinpoint the 5-10 opportunities that are worth your nonprofit’s limited time.
Many nonprofits don’t have a system of steps they can use to get to the point of regularly submitting grants.
There are five simple steps you can take to prepare your nonprofit for grants:
- Make sure you’re discoverable.
- Ask for your board or community’s help.
- Strategically outline your funding strategy.
- Think of your programs in projects.
- Adopt a decision making framework.
Now obviously, there’s more detail to each of these steps outlined, so if you haven’t already, be sure to RSVP for How to Go From Zero to Hero with Your Grant Strategy.
This is a free grant workshop on 11/3 at 8:00 PM ET, hosted by Instrumentl, the institutional fundraising platform that brings grant prospecting, tracking and management to one place.
In one hour, you’ll learn why grants are so powerful, especially in 2021, what is prospect research and dig into the 5 clear steps we went over above to prepare your nonprofit for grant success!