Ideas – wonderful ideas – meaningful and compelling ideas – alas – they aren’t enough anymore. Having a good idea isn’t enough to raise funds. You not only have to have that great idea – but you need a strategic plan, you need goals and a plan to measure your success. Few dollars means more discretion when giving – who is going to steward my contributions in the best manner…that’s what donors are thinking today.
TXNP prepared a list for you to consider when applying for funds.
Required by funders:
These are absolutely necessary. If your nonprofit organization doesn’t have 501(c)(3) status, it is not grant eligible.
• IRS tax exemption letter showing 501(c)(3) status
• Financial Statements (preferably audited)
• Board of Directors list with affiliations
• Mission Statement
• Organizational plan
• Organizational history – who, what, why, where and when
• Current annual operating budget
• Key staff resumes with demographics
• Organizational chart
• Brochures, annual reports, newspaper articles.
Project for grant funding
• Project concept or ideas
o Need for the project
o Measurable goals and objectives
o Work plan - methods for implementation
o Sustainability plan
o Supporting materials
• Project Budget
o Revenue projections
o Future funding