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Believe it or not, summer is winding down, and the back-to-school season is near.
But don't worry. There's still time to gear up your grant applications before the year's end.
This week, we’re diving deep into mastering the research phase of grant writing with expert tips, essential tools, and golden nuggets to help you find the best funding opportunities.
Welcome to – The Impact.
Pitfalls and Pointers
You’ve assembled a promising list of grant opportunities for your nonprofit. The missions align, the amounts are perfect, and the deadlines are manageable.
But then you hit a roadblock.
The sheer volume of data is overwhelming, and you're unsure where to start.
Yet, grant research is critical to your success. It doesn’t matter if you’re applying for a million dollars or a thousand.
⚠️ Pitfall: Skipping Thorough Grant Research
Many nonprofits review applications without thoroughly researching potential funders, leading to misaligned applications, wasted effort, and missed opportunities.
💡 Pointer: Prioritize Detailed Grant Prospecting
Quality over quantity.
Take the time to:
- Use Comprehensive Research Tools: Our platform streamlines your search, matching you with the best-fit funders. It presents only relevant opportunities, saving you time. Regularly update your search to capture new options.
- Understand Funder Criteria: Know who funders have supported, typical grant amounts, and geographic restrictions. Tailor your application to their interests to boost success. This helps create a compelling narrative.
- Create a Grant Prospecting Worksheet: Keep your research findings in one place. Document eligibility, funding uses, and deadlines. Regularly update the worksheet to adjust strategies based on new insights.
Focusing on these steps will set a solid foundation for your grant applications and improve your chances of success.
🚩 Explore 15 more pitfalls and tips to enhance your grant research!
Tech You Should Know
When it comes to grant research, having the right tools can make all the difference.
Let's explore a powerful tool that can enhance your research efficiency and effectiveness.
What:
Google Scholar is a freely accessible web search engine that indexes the full text or metadata of scholarly literature across an array of publishing formats and disciplines.
How Grant Writers Can Use It:
- Literature Review: Use Google Scholar to find relevant studies, articles, and publications that support your grant proposal. This can help demonstrate the importance and urgency of your project.
- Identify Key Trends: Analyze research trends and gather data to strengthen your needs assessment and project justification.
- Cite Relevant Works: Enhance your proposal by citing authoritative sources, showing funders that your project is well-founded and researched.
Keep in Mind:
- Search Precision: Use specific keywords and filters to narrow down results, ensuring you find the most relevant and recent studies.
- Accessibility: Some articles may require a subscription or purchase. However, many can be accessed freely or through institutional access.
🚀 Ready to boost your grant research? Start using Google Scholar today!
Expert Perspectives
🏆 Jessica Knapp on Efficient Grant Prospect Research
Finding the right grants for your nonprofit can be a daunting task. The research can be time-consuming and overwhelming.
But the truth is. Without effective and comprehensive research, every grant you write will ultimately fall flat, leaving your non-profit without funding.
In a recent survey, 20% of grant professionals revealed that it takes them 12 or more days to compile a list of 5 good-fit funders. Conversely, 31% of respondents manage to find their list within 1-3 days.
Jessica Knapp, CEO of Communities In Schools Pennsylvania, shares insights from a survey of grant professionals to help you streamline this crucial process.
Here’s her expert advice:
- Prioritize Efforts Based on Potential Impact: Focus on grants with the highest potential impact. Prioritizing large or multi-year funding opportunities can maximize your efforts.
- Example: Use our Key Financial Stats feature to quickly assess a funder’s giving history and prioritize those with substantial awards.
- Use Search Filters: Narrow down opportunities using specific keywords related to your mission and project area.
- Example: Our platform allows you to input detailed search criteria, ensuring you only see relevant funders, saving you time and effort.
- Collaborate with Team Members: Distribute the workload among team members to enhance efficiency.
- Example: Use collaborative features on our platform, such as shared grant calendars and document libraries, to keep your team aligned and productive.
In a recent survey, 20% of grant professionals revealed that it takes them 12 or more days to compile a list of 5 good-fit funders. Conversely, 31% of respondents manage to find their list within 1-3 days.
By implementing these strategies, you can streamline your grant prospecting process and focus on finding the best opportunities for your nonprofit. Happy grant hunting!
📊 Discover more tips and strategies for efficient grant prospecting!
Have You Tried This?
🔍 Instrumentl Feature: Prospecting Improvements
Finding the right grants can feel like searching for a needle in a haystack. But with Instrumentl’s prospecting improvements, your search just got a lot easier.
What It Does:
Our enhanced prospecting filters allow you to find relevant funders faster and more efficiently. These new tools help you zero in on the best opportunities for your nonprofit’s needs.
Here’s how you do it:
- Use Advanced Filters: Narrow down your search by Location of Project, Location of Residency, and NTEE codes or fields of work. This ensures you’re only viewing funders that match your specific criteria.
- Explore Detailed Insights: Quickly access a funder’s giving history, average grant amounts, and openness to new grantees. This helps you prioritize the most promising opportunities.
- Save Time: Spend less time sifting through irrelevant opportunities and more time crafting winning proposals.
Bonus: These improvements make your grant prospecting process more efficient, giving you more time to focus on writing compelling applications.
🕵️♂️ Discover more secrets to successful grant prospecting here!
Opportunities Spotlight
🌍 AWS IMAGINE Grant
Who It’s For: Nonprofit organizations and nonprofit healthcare providers utilizing cloud technology to accelerate their missions.
Next Deadline: Sep 13, 2024
Grant Amount: Up to $150,000
The Details:
The AWS IMAGINE Grant supports innovative projects leveraging cloud technology, including machine learning and generative AI. The award packages may include unrestricted financial support, AWS Promotional Credit, and technical implementation support, ensuring your nonprofit can scale its mission-critical projects effectively.
🌟 MacArthur Foundation's 100&Change
Who It’s For: Nonprofits, for-profits, and other organizations proposing impactful solutions to critical social issues.
Next Deadline: August 20, 2024
Grant Amount: $100,000,000
The Details:
The 100&Change competition awards $100 million to a single proposal that promises real and measurable progress in solving a critical problem affecting people, places, or the planet. The competition is open to organizations worldwide, offering a transformative opportunity to implement large-scale solutions.
🔍 Explore thousands of other grant opportunities now!
Networking Nook
The opportunities that were originally shared in this issue of The Impact have since passed. To check out more recent and upcoming live events, go here.
In Case You Missed It
📑 Article: Best Practices & Strategies for Securing Invite-Only Funding
Have you ever felt like your nonprofit was missing out on VIP-only funding opportunities? Securing invite-only funding is like landing an exclusive backstage pass.
This article shares strategies and best practices for building relationships with invite-only funders so that you can access these limited opportunities.
Ready to get started?
📼 Video: How to Save Up to 15 Hours per Week with Smarter Grant Tracking
Managing grants can be time-consuming, but it doesn’t have to be! Discover proven strategies to streamline your grant tracking process and save up to 15 hours per week.
This workshop will guide you through setting up a dynamic grants portfolio, managing funder relationships, and quickly hitting critical deadlines.
Want to revolutionize your grant management?
Grant Work Doesn't Have to Be Overwhelming
Finding, researching, applying, managing...the grant process can feel like a never-ending list of tasks. But it doesn't have to be this way.
With Instrumentl, you get an all-in-one platform designed to streamline every step of your grant journey.
Curious how it can simplify your work?
