Posts Tagged ‘funding’

5 Essential Components of a Good Grant Proposal

Monday, November 7th, 2011

[This guest post is written by Alvina Lopez, a freelance writer who often contributes content to accredited online colleges. Alvina reviewed hundreds of grant proposals in a previous position at an educational research organization. She welcomes your comments at alvina.lopez@gmail.com.]

NOTE: CEDAM training on funding and grant writing is on December 6th! Learn more.

For any nonprofit enterprise, securing funds from donors or larger organizations forms the very backbone of the work. Without funding, a nonprofit organization essentially ceases to exist. Considering that a grant proposal is the ticket to securing funding, learning how to write one well is vital. When I was in college, I worked as a student editor of an educational research organization. Part of my duties was editing grant proposals. Throughout my time there, I’ve read hundreds of proposals and learned what, precisely, makes a successful bid for funds. Here are a few basics:

1.      Specific focus on the donor

Even if you are submitting several grant proposals requesting funds for the same project, you must make it a point to tailor each proposal such that it aligns with the donating foundation’s goals and values. This is an instrumental part of being approved for a grant, so only request funds from an organization that is already involved in efforts to attain goals that are closely related to your project.

2.      Clearly defined goal and/or mission

Although grant proposals have varied formats, one component that all proposals share is an initial goal or mission. The goal or mission is usually the very first part of your proposal. Just like a newspaper article, your opening paragraph(s) must grab the reader’s attention. Be as specific as you can, but do so in a manner that is clear, concise, and persuasive.

3.      Follow grant proposal guidelines

Most organizations and foundations have very specific guidelines for grant proposals, including the number of words or pages, what specific sections must be covered, deadlines, and more. If guidelines aren’t easily found on a donating foundation’s website, make sure to call and ask. In my experience editing proposals, the majority of applicants did not follow guidelines carefully. Indeed, Colorado Grants posits that an estimated 50% to 70% are submitted incompletely. If your grant proposal is incomplete, your proposal risks being thrown out before it even has a chance.

4.      Well-researched budget

Whether for good or ill, everything always comes down to the bottom line. The biggest factors that donors look for when deciding whether or not to accept a grant proposal are two-fold: matching goals or priorities between the organization submitting the grant and the donating organization, and economic viability. The best budgets are very specific and demonstrate that you’ve thoroughly researched the most reasonable costs, but still leave room for flexibility. If an organization feels forced into donating X amount of money without the possibility of cutting or shifting costs, then the chances of obtaining funding decrease substantially. For more specific tips on drafting budgets for proposals, read this article.

5.      Appropriately objective tone

Although you may be extremely passionate about the project that you are describing in your grant proposal, a very important element of a well-written grant proposal is maintaining objectivity. Let the actual project, numbers, and reasons for pursuing the project speak for themselves. Avoid loaded language and keep things simple.

Of course, these are simply general guidelines for writing an effective grant proposal. Learning to write successful grant proposals is also a matter of practice. For an impressively diverse list of sample grant proposals, check out this collection. Good luck!

New CEDAM Member Benefit – GrantStation

Monday, October 31st, 2011

We are pleased to announce a new benefit for CEDAM members: complete, affordable access to GrantStation. GrantStation is a searchable database of private, state and federal grant opportunities. CEDAM members can get a one year membership to GrantStation, the searchable database, newsletter and other funding tools for $75. The regular price for this service is $599, so we hope you take advantage of this new member benefit to expand your search for funding! We are able to offer this opportunity through our membership at the National Alliance of Community Economic Development Associations (NACEDA).

If you are a current CEDAM member interested in this benefit, follow these four steps on the NACEDA website to set up your $75 GrantStation membership.

Please note that we plan to continue to offer monthly funding alerts via email to CEDAM members.

Not a CEDAM member? Become a member online.

Hardest Hit Fund Plans Approved

Wednesday, June 23rd, 2010

The Department of Treasury announced today that it approved the plans for the first five Hardest Hit Funds states, including Michigan.  Below are some links to articles in today’s news with the announcements:

We’ll share more details about implementation as they become available, so stay tuned.

Applications Now Being Accepted for 2010-11 Michigan Foreclosure Prevention Corps Program

Thursday, June 17th, 2010

CEDAM and the Michigan Foreclosure Task Force are pleased to announce that CEDAM has been awarded funding by the Corporation for National and Community Service to once again host the Michigan Foreclosure Prevention Corps AmeriCorps program.  AmeriCorps logo

In the pilot year of this program, which CEDAM hosted in conjunction with the  Michigan Coalition Against Homelessness, AmeriCorps members have served over 18,000 hours on foreclosure prevention focused projects. These projects include but are not limited to: recruiting, training and managing volunteers; community outreach and marketing; developing new systems for intake, resource allocation, partnership development; and financial literacy education.

We are now accepting applications for the 2010-11 service year. If your agency is interested in hosting an AmeriCorps member starting October 2010, please review and complete this application* [122KB .doc] by July 8, 2010. If you have any questions please contact Nichole Greene at 734.363.8113 or at greene@cedam.info.

Read a previous guest post from AmeriCorps Foreclosure Corps volunteer Kenita Nichols.

*Part of the application is developing a proposed position description for the AmeriCorps member. A sample position description [232KB PDF] is available for download. Feel free to use this sample for inspiration, but please do not copy it. Positions will vary depending on the strengths and needs of your organization and community.

Michigan to Share in $1.5 Billion for Homeowners

Monday, February 22nd, 2010

Last Friday, President Obama announced that $1.5 billion of Troubled Asset Relief Program (TARP) funds will be allocated to five states that have seen more than 20% declines in home prices: California, Florida, Arizona, Nevada, and Michigan.

Articles about this announcement:

While more details about the program are still forthcoming, we know that Michigan will be asked to submit a plan to the Department of Treasury for spending a share of these funds.  As the statewide clearinghouse and unified voice to help keep families in their homes, the Michigan Foreclosure Task Force will be seeking your input on how to use these funds in the coming days, to ensure that Michigan takes full advantage of this opportunity to help more of Michigan’s families avoid foreclosure.