|Posted by Hundallegalgroup@gmail.com on July 19, 2017 at 6:30 PM|
Our non-profit organization clients are constantly stressing over a common issue: how to raise funds? Of course, the main goal of a nonprofit is to accomplish its public mission and not to make money. But, it is necessary for the non-profit to raise money to accomplish its public mission. Along with raising funds for its public mission, non-profits must raise funds to satisfy administrative costs, management, and advertising. So, when a non-profit organization client comes to us, we often recommend applying for a grant.
What is a grant?
A grant is a monetary award of financial assistance.The main purpose of a grant is to transfer money from a funder to a recipient who undertakes to carry out the proposed activities to fulfill a public purpose.
Why is it important to get a grant?
Since there is so much funding available for non-profits, it should be able to find funding to satisfy any type of need through a grant. Because the grant application process is complicated, having an attorney who is a qualified writer will help in attaining a grant. More specifically, the attorney must be able to create persuasive, creative, and fact-intensive grant applications. Also, the attorney must be able to understand the funder, its goals, the non-profit’s goals, follow the grant application rules by answering all questions, timely submitting needed information in the instructed format, and make sure the organization follows the rules with obsessive precision.
Where can you apply for a grant?
Generally, there are public sector funders and private sector funders. Public sector funders are all governmental funders. In order to get this type of funding, a non-profit must have a credible track record for implementing, evaluating and managing funding from all sources. Private sector funders are foundations and corporations. These funders look at the non-profit’s evaluation plan, structure, and finances. Every grant funding entity publishes specific types of funding it awards to prospective grantees. You can determine whether your request fits with a type of funding the entity has available when you know what your organization wants to use funds for.
This information does not constitute legal advice or an attorney client relationship*