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A Funders Top Tips

29 October 2018/Categories: Grants_and_Funding

  1. Find the right funder
    • Research
    • On-line resources
    • Word of mouth
    • Association of Charitable Funders

 

  1. Consider your options
  • Grants aren’t risk free (obligations to funders)
  • Is this the right route for your organisation?
  • Do you have the capacity to deliver?
  • Other options such as:
    • Social investment
    • Enterprising behaviour

 

  1. Get your governance in order
    • Do you meet the funders eligibility criteria?
    • Financial requirements

 

  1. Choosing your project
    • Led by beneficiaries needs
      • Not designed to fit funders priorities
    • Funder may fund part of your work if you fit some of their priorities
    • Always read the funders programme guidelines carefully
    • Always understand what outcomes they are looking for

 

  1. Ask questions
    • Contact funder for clarification
    • Applications are time-consuming
    • Ensure your project is a good fit

 

  1. Go for the right amount

 

  1. Get your budget right
  • Reasonable
  • Fully costed
  • Include core costs if applicable
  • Funders recognise that core costs are incurred in the delivery of good services and are willing to consider supporting such costs.
  • If including staff costs, make sure these include all additional costs
    • Tax, NI and pension contributions (on costs)
  • Multi-year project – consider inflation costs as project may not be fully covered for subsequent years.

 

  1. Provide all information
    • Provide ALL documents requested
    • If you cannot then explain why and give a timeframe of when they will follow
    • An incomplete application will delay or fail and application

 

  1. Make your application interesting
    • Funders receive hundreds of applications and often more ‘good’ applications than they can fund
    • Make yours stand out
    • Don’t forgot to provide information and evidence to back up your case
    • Quotes and case studies will help bring your application to life and provide the personal touch to you work.
    • If the funder accepts them, a short film or photos will also help.
    • Don’t forget hard facts and evidence that demonstrates the need for your project.
    • Keep this relevant and don’t use general statistics that a funder can access online.
    • Use plain English; do not overcomplicate with lots of jargon and buzz words.

 

  1. Feedback
    • If your application is unsuccessful, don’t take it personally or as a comment on the value of your work.
    • Unfortunately, with limited funding available, sometimes even good projects miss out.
    • Make sure you take up any offer of feedback as soon as possible whilst the application is fresh in the officer’s mind.
    • Funders will tell you if the project might be reconsidered at a later date and what you need to do differently next time.

 

Adapted from source:

Alison Gowman (City Bridge Trust Chair), Applying for funding (2018) Fundraising Magazine March edition.  

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