There have been many misconceptions about grants and who can obtain funding awards. Many of those misconceptions are propagated by late evening infomercials such because the “query mark” man. Though many of the claims from these infomercials have some foundation in fact, the precise processes are sometimes so restrictive that solely a only a few people or companies would qualify.
The reality is that almost all grant funding alternatives are designed to assist with new or current applications from established, financially steady, organizations. One of many preliminary checks to find out if you happen to ought to search grant funding is to equate the phrase “grants” with “program” This can get you began heading in the right direction. There are grants for different functions after all, however the variety of these grant alternatives are extra restricted. Most funding alternatives are for applications and / or tasks.
Perceive that simply since you “want” or “need” one thing is just not an excellent purpose why it is best to obtain grant funding. There should be purpose, or goal, as to what you will do with the grant funds. The truth that you would not have one thing, like the latest expertise or extra space, is just not in itself a really sturdy purpose that it is best to have it.
One other weak purpose to request funding is that your group doesn’t find the money for. There are few grant alternatives which pays annual bills. It’s troublesome to seek out funding alternatives to pay for simply salaries or to amass capital belongings, regardless if the request is obvious or obfuscated. Most non-profits are enterprise firms and needs to be run like a enterprise – trying to generate most of their income via earned revenue.
The aim of grant funding is just not designed for money movement issues, repay money owed, begin a enterprise, or rent extra employees. Though there are all the time exceptions and remoted incidents of those sorts of things being funded, they’re very uncommon to seek out. For these functions it will be higher to hunt Authorities Contracts, SBA loans, or laborious cash buyers, relying on the character of the enterprise.
Paradoxically the aim of funding is to not assist new and small companies with their preliminary lack of start-up capital.
One of the simplest ways to find out if a chance is an effective match for a enterprise if this system thought is aggressive sufficient to obtain grant funding and the likelihood of your undertaking design to obtain funding is to seek the advice of with an authorized grant author.