Presentation on theme: " This workshop will provide an overview to the various types of external funding sources Identify tools to locate funding opportunities Explain how."— Presentation transcript:
This workshop will provide an overview to the various types of external funding sources Identify tools to locate funding opportunities Explain how to design a funding search Demonstrate the use of GrantSearch
Government Federal, State, Local Non-Profit Organizations Public, Private, Corporate Foundations For-Profit Organizations Business, Industry
Grant sponsors are motivated to “give away’ money by their desire to make a difference. Social issues/problems Injustices Inequities In essence, they see a gap between what is and what ought to be. Grant makers exist because gaps exists. Their goal is to close the gaps.
Federal Government Tax Dollars Congressional authorizations ◦ Support for programs of national or universal significance ◦ Education, health and welfare, engineering, the arts, national security ◦ Programs and projects to benefit people and communities (pass-thru to State and Local Gov’t) 26 federal agencies ◦ 1,000 grant programs annually ◦ Activities, criteria, levels of support vary by agency or institution In 2011, the federal government distributed more than $606 billion in grants to state and local governments.
Foundations Greater programmatic discretion ◦ Shareholders ◦ Board Members 5% Rule – Required to donate 5% assets annually to maintain tax-exempt status “Needs-based” giving – focus on poor, disadvantaged, arts & culture Outcome, results align with organizational goals or mission
Top 5 Foundation Grant Makers in 2010 $2,486,342,209 $1,479,636,053 $424,695,000 $359,172,005 $358,100,000
Corporate Foundations – “Community Reinvestment” or “Social Responsibility” Programs 5% Rule – Required to donate 5% of annual profits for grant-making Targeted sponsorship – product/service of the corporation; general interests such as education, health; focused on local issues or outreach in employee communities Results, outcomes benefit to company
Top 5 Corporate Grant Makers in 2010 Sanofi-Aventis Patient Assistance Foundation $392,778,999 Novartis Patient Assistance Foundation, Inc. $239,531,453 The Bank of America Charitable Foundation, Inc. $198,695,705 The Wal-Mart Foundation, Inc.$164,588,396 JPMorgan Chase Foundation$133,757,626
All Types of Scholarly Activities ◦ Research, Teaching, Outreach, Creative Endeavors Career/Professional Development ◦ Fellowships, Conferences/Meeting Travel, Publication Student Support
Determining which grants to apply for can be hard. Not all grant programs will be a great fit for your project or organization.
Specialized Lists Databases: GrantSearch, Foundation Directory Online Sponsor Websites Other search tools Targeting Find a sponsor(s) whose goals match your goals Best Fit = Best Chance for Success
Proactive grantseekers spend time researching a prospective grantor before writing and submitting a proposal Reactive grantseekers learn of a grant opportunity and hurry to meet the deadline Proactive versus reactive grantseeking VS Reactive grantseekers create the proposal and then search for a funder Proactive grantseekers tailor the proposal to the needs of the funder VS
Proactive grant seeking results in higher success rates Time for peer review and feedback Represents the grantseeker’s best effort
High rates of rejection Poorly prepared applications impact institution reputation with funder staff and reviewers Reduce the faculty interest in developing future proposals
Get to know the sponsors ◦ Mission & Objectives ◦ Long-term Priorities Get to know the programs ◦ Scope, Focus, Limits ◦ Past Awards Get to know the program officers ◦ Short-term Priorities ◦ Culture and Practices
Federal Research Tools Grants.Gov ◦ Central storehouse for information on over 1,000 grant programs and provides access to approximately $500 billion in annual awards. ◦ Find and apply for federal grant opportunities ◦ notifications and RSS feed service for new grant posting
Federal Research Tools Catalog of Federal Domestic Assistance (CFDA) https://www.cfda.gov https://www.cfda.gov ◦ The CFDA provides a full listing of all 2,197 Federal programs available to: ◦ State and local governments ◦ Federally-recognized Indian tribal governments ◦ Territories (and possessions) of the United States ◦ Domestic public, quasi- public, and private profit and nonprofit organizations and institutions ◦ Specialized groups ◦ Individuals. PDF version available Federal Register ◦ Official daily publication for rules, proposed rules, and notices of federal agencies and organizations, executive orders and presidential documents ◦ Grant announcements and application deadlines ◦ Not used by NSF or NIH
Federal Research Tools FedBizOpps https://www.fbo.govhttps://www.fbo.gov ◦ Listing of all federal government contracting opportunities that exceed $25,000. ◦ More than 31,700 active opportunities, updated daily ◦ Government solicitations for products or services, actual solicitations, Requests for Proposals and Quotations, sources being sought, market surveys for government planning purposes, amendments/modifications, and award notices. ◦ Many announcements are reserved for, or set aside, for small businesses, minority- owned businesses, women-owned firms, and veteran owned businesses GrantsSelect ◦ Subscribers have access to a database of more than 13,000 funding opportunities from state and federal governments, corporatins, foundations, and associations. ◦ Support for programs, projects, planning, start-up, endowments, technical assistance, facilities and equipment, and fellowships ◦ Institutional and individual plans; reasonable
Federal Research Tools Federal Agency Internet Mailing Lists ◦ Many agencies offer alerts, Listservs or feeds to electronically disseminate news about their activities and services. National Science Foundation https://public.govdelivery.com/accounts/USNSF/subscriber/ne w?qsp=823 National Institutes of Health U.S. Department of Education
Foundation Funding Foundation grants fund many projects and research that government grant making programs won’t. Unique source of funds for nonprofits, non-traditional projects , (c)(3) private grant-making foundations in the U.S. $38 billion in awards annually Most have little to no paid staff Few use professional reviewers or experts to evaluate proposals Roughly 26% of foundations maintain a website Electronic submission of proposals is the exception, not the norm
Foundation Funding Research Tools The Foundation Directory ◦ Major source of information on the largest U.S. foundations ◦ Available in hardcopy at most libraries, including Longwood ◦ Full access online available only with subscription Foundation Center ◦ free access to basic information, alert notification ◦ Variety of tools and resources for grant seekers
Foundation Funding Research Tools Fundsnet Services ◦ provides free access to resources about grants, fundraising, philanthropy, foundations, and nonprofits, including a database of corporate and foundation grant makers, which is both searchable and sorted by 20-plus topical areas. GuideStar ◦ access to information on 1,800,000 Internal Revenue Service (IRS)- recognized tax-exempt organizations. ◦ IRS Form 990 is useful for researching the 990-PF (private foundation) filings of prospective grant makers and exploring their historical patterns of grant making.
From the Grants Resource Center – a unit of the American Association of State Colleges and Universities (AASCU) Subscription service ◦ Funding alerts, news and publications Comprehensive suite of tools, resources and expertise ◦ Faculty Alert System ◦ Library of Funded Proposals ◦ Proposal Development Guides
Essential for alerts and new grant notifications Determine the best key words or terms to find the right grantor for your project. Key words contained in the databases are selected by the grantors represented in the database or the best efforts of the database technicians. The key words used to describe the grantor’s interest may be quite different from the terms you would use to define your project or research. ◦ Use grantor goggles – think about your project from the sponsor’s perspective ◦ how might other disciplines describe your project or Research topic The more key words you can use to define your project, the more grantors you can find
Ideas for when you are stuck: Consider a New Angle Look at your project from all angles Extrapolate to other areas and fields Uncover the less-than-obvious grantors Go from Leads to Prospects to find the best Match(es) to fund your project.
Know the grantmaker. Grantmakers, whether federal or nonfederal, don't fund what you want to do; they fund work that furthers their mission. The more you know about what you want to do and how you plan to do it, the better job you can do of targeting the funding agencies that are the most likely to be willing to support your work.
Lunch and Learn Series Grant Basics: Proposal Development IMarch 7 Analyzing the RFP, program requirements, evaluation criteria Super Saturday Series: Part IIMarch 9 Developing proposal ideas, making the case for need, basic grant components