When hammering out the budget for a grant request, remember the Goldilocks Rule: If it’s too large or too small, it won’t do. It’s got to be just the right size to get the work done. The job of the budget is to support program implementation at a reasonable, professional level.
Funders put the budget and budget justification under a microscope. So you’ve got to get it right. When you understand their concerns and the questions they’ll pose, you’re in a much stronger position to nail it. Here’s a list of questions funders are sure to ask.
Most government funders, and many private and corporate foundations, require that a budget narrative accompany a grant proposal’s line-item budget.
Using established project management strategies can streamline your process
Many nonprofits are born from the grave concern of someone who’s experienced a tragedy, suffered from a problem, or witnessed others’ suffering first-hand. These nonprofits radiate an intensity of purpose that inspires others to action and captures the interest of grantmakers who want to partner with authentic organizations working deeply within their communities.
There’s much more to winning grant awards than writing! To win, it’s imperative to approach the right funder with a solid program plan that’s capable of producing meaningful results. But the quality of the writing does matter.
Accurately identifying the problem or need your organization wants to tackle is the single most important factor in developing a powerful grant proposal.
Is your organization’s grants specialist constantly frazzled, working nights and weekends and juggling a schedule bulging with proposal deadlines, program development meetings, and report due dates? Do other staff members tip-toe around the specialist’s desk, forgiving occasional expletives, ignoring the candy wrappers and dirty coffee cups, and excusing missed calls and meetings. If so, that’s a big red flag.
