Foundation grant proposals are a necessity for grant givers as a way of determining the most suitable individuals for receiving grants offered by the foundation. Some of the advantages of these proposals include their capacity to inform grant givers why the applicant is the most suitable individual amongst many other applicants. These proposals also serve as data that foundations can use and refer to in the future in case there is need. However, often such proposals have the challenge of verifying the information contained therein, and there is always need to interview grantees to determine the truthfulness of what is presented.
Successful foundation grant proposals have key components. These key components include;
Abstract/Executive Summary: This part summarizes the entire proposal to enable the foundation to have an easier time reading the document. In case the proposal needs to be presented to a board, it is easier for the board to read the executive summary instead of the entire proposal.
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Organization background: A background is necessary for the organization or the individual if the grant proposal is for personal needs. It is often meant to highlight the capability of the organization or individual, as well as goals and objectives.
Needs statement: It provides actual information on the needs of the grantee.
Program description: Provides a description of proposed solutions to the needs presented.
Collaboration: This part offers information on all the partners available and their relation to the grantee.
Evaluation: An evaluation design helps the foundation to understand how accountability will be upheld once the grant is given.
Sustainability: A sustainability plan is also necessary to enable the foundation determine the longetivity of the project they are funding.
Budget: Budgets breakdown the use of the monies being sought from the foundation.
Cover letter: It plays the role of introducing and re-emphasizing what is contained within the proposal.
To write a successful application therefore, the applicants must use clear language that is easily understood, they must also be honest with the foundation, but at the same time ensure that their proposal is thorough. After writing the proposal, the grantee must review the proposal to ensure it is inclusive of all the major components and communicates their needs and wants clearly.
One major grant is the Ford Foundation grant, which is one of the biggest grants in the United States and globally, offering over half a billion dollars grant money annually.
Professional membership organizations offer a better opportunity for receiving grants majorly due to the credentiating that occurs once an organization or individual joins such organizations. This is because these organizations have to ensure that their members present credible information about themselves, which makes it easier for foundations to trust a grantee.
