Keep in mind that an overall goal of the Foundation is to put its money where it can reap the most from its investment.
- Collaborate with another non profit. This allows the Foundation to get more from their investment.
- Read the requirements of the Foundation. If the Foundation only funds in North County and your non profit is in South County don’t waste your time or their time with the application.
- Explain to the non profit organization how your project will be “self sustaining” in three to five years. “Self sustaining” can include increased donations from individuals and other organizations as part of a donor development program.
- The Foundations emphasized that they wanted to be part of a growing organization. They are glad to help something get off the ground but they don’t want the organization to be dependent on them for funding each year.
- As part of this, keep in touch with the Foundation throughout the year so they can see how you are doing. They see themselves as being one of your partners and want to follow your success.
- The Foundation wants to see Board buy in—meaning that 100% of your Board is giving time and money to your organization
- And I’ll mention it again since it was brought up a few times—collaboration is the key to a successful proposal.
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