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Among the development and grant professionals we work with at larger institutions, most see FDO as a must-have resource for their prospectresearch. If a subscription to FDO fits within your organization’s budget, we recommend giving it a try, but you need to be aware that it will take time to master its features.
While a grant database is ideal for conducting prospectresearch, many non-profits lack access to a subscription database and instead rely on free sources such as Google and other search engines. To learn more about the various database options, please see our post “ Choosing a Grant Database Based on Your Needs and Budget.”
We handle funder site visits, write reports, spend the money, account for said money correctly, and ensure everything we promised in that grant application is delivered on time and managed on budget. Then we do it again. And the whole time we do this, we educate our bosses, boards, and colleagues that: No, money does not grow on trees.
You may not have a good sense of this until you do some preliminary research, so the first step is to engage in prospectresearch. Prospectresearch is the term used for researching potential funders using tools like a funder database. Grant funding could be a good direction for your organization.
Let me count thy ways: Grant programs are listed in the appropriations act of each federal department as part of the annual budget process. Our friends at grants.gov have created a FREE central clearing house for grant prospectresearch related to federal grants – both current and days gone by.
And while having an official grant writer on staff is not a prerequisite to receiving grant funds, it is difficult to juggle the rules and regulations, deadlines, and application requirements on top of your typical workday duties when you are fighting fires, shaping young minds, running programs, balancing the budget, or leading your community.
Additionally, it is important for experienced grant writers to have experience with budgeting and other financial management skills to create a realistic project plan. Developing Effective Budgets. This will help you monitor your budget and ensure that you are spending the funds appropriately and appropriately utilized.
It can also help individuals make more informed decisions when they write grant proposals, as it will give them a deeper understanding of advanced grant development in areas such as prospectresearch, project design, proposal narrative and advanced grant development.
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