One of the main reasons not-for-profit organizations fail is due to a lack of funding. Generating enough income to support the organization’s operations and charitable activities can be difficult, especially for public charities, which must obtain 33.33% of their funding from public sources. Read on to discover how to find grantmakers that would be interested in funding your organization’s mission.
The majority of grant dollars are available from private foundations, but occasionally for-profit corporations, such as Target, offer grant programs as well. When looking for a grant, consider the foundation’s interests and location. Oftentimes funders are more willing to provide grant money to nearby organizations whose mission, programs, populations served, and locations served match their interests.
GrantSpace.org offers numerous resources to research grantmakers and find one (or more!) that suit your organization. Choosing from one of three subscription plans will give you access to their Foundation Directory Online where you can search for available grants based on subject, geography, grantmaker type, type of support, trustee names, or other criteria. The full directory can also be viewed free of charge at any of GrantSpace’s locations nationwide. Follow this link for more information about the San Diego location.
San Diego Grantmakers offers a Common Grant Application that you can create for your organization and submit to multiple funders at once. They also have numerous resources for grantseekers, including a list of current grant opportunities and a list of local, state, and national resources. Follow this link to take advantage of these free resources.
Both GrantSpace.org and San Diego Grantmakers offer other free resources including grantseeker workshops on finding grants, writing grant proposals, and even budgeting. GrantSpace.org also offers weekly e-newsletters announcing funding opportunities, a map of international grants showing a list of recipients and the funders for a given country.
Another notable resource is GuideStar, a database off all IRS-registered nonprofit organizations. Here you can access contact information, listings of the organizations’ upper management, including the CEO and Board of Directors, Forms 990 for the past three years, and annual reports for all years. This information can help you better understand how much a foundation has to give and what types of organizations they have given to in the past. Click here to start using GuideStar as a resource.
Even though finding grant money may seem complicated, it is important to plan ahead and secure enough funding for the operations and charitable activities of your not-for-profit organization. Contact your L&B professional for more information.