Saturday, March 31, 2007

Spring Planning

I can't believe it is the last day of March already. I still have a few things on my to-do list , but I do not feel too bad about that because it has been a productive first quarter of the year.

I have been very involved in planning with several organizations over the past few months and it has been both exhilarating and exhausting! Creating and going through the process of planning new organizations, programs and projects is like watching the tulips push through the soil this time of year. I look at them and wonder if they will survive through the still cold nights, what color they will be when they bloom, and how long they will last. In a similar way, I brood over the organizations I work with to help them through the grant development process.

Many times people will come to me asking for help in writing grant proposals, but what they really need is help in strategically planning for their programs. There are many different ways to approach planning. Planning might include:

  • Identifying constituent needs
  • Creating organizational goals and objectives to meet those needs
  • Crafting a reasonable time line
  • Assigning personnel and monetary resources
  • Targeting potential donors
These listed above are just a few aspects of the planning process. Whether you are trying to expand your services, or just stay afloat with your current programs, find a system or process that works best for your organization. As you enjoy the spring weather, remember the deeper the planning, the better the results.

Tuesday, March 13, 2007

Different Types of Funding

When researching potential funders you will likely see interesting terms for the various categories of support they like to give. It is important to understand what the jargon means so that you are not asking an organization for an in-kind gift when you really want to ask for funding for an endowment fund. You also want to make sure you are not asking an organization for seed money that only gives to building renovations.

I can imagine your heart beating faster and your palms starting to sweat at the thought of these bizzare terms. Don't worry, you will probably catch on quickly, well at least more quickly than say... learning Greek.

Some of the more common terms include the most sought after and most elusive type of funding-General Operating Support. This will pay for pretty much anything you want in your organization. It is typically granted for general rather than specific purposes, and is least likely to be given by funders because they like to give to specific projects that will have specific results.

Building/renovation money is used for construction or renovation of buildings. These funds may be part of a Capital Campaign, which typically takes place over a longer period of time and typically is supported by a multitude of organizations and people for large causes-such as a new science building at a university.

An Endowment is typically a large gift or several small to mid size gifts that are invested to provide income for ongoing support of a particular program or other organizational expenses. Ideally, organizations grow their endowment fund (s) so that a portion of their expenses can be paid through the earned interest while the principal stays in the fund.

Seed Money is used to start a new organization or new program within an established non-profit. Ongoing or Continued Support are pretty much what they sound like-grants to help maintain the work of an established organization or particular project.

Finally, funders understand the importance of organizations exploring what/how their programs are doing and sometimes offer Program Evaluation grants to measure the effectiveness of a program.

There now...you don't have to say that grant lingo is "All Greek to me."