Showing posts with label Guidestar. Show all posts
Showing posts with label Guidestar. Show all posts

Tuesday, February 12, 2013

Tips for Working with Grant-Making Foundations

  • They don't want to support salaries of employees or operations; they want to give money for programming. Their true goal is to help with the programming - the part of a non-profit that is making a difference in the people it serves. One way to accomplish both is to prove how a person is so connected to a specific program that there is a symbiotic and synergistic relationship.
  • They give money to organizations that are working and collaborating with other orgs to accomplish the purpose. Grant-makers don't like to have multiple non-profits all trying to do the same thing but who won't work with each other. They feel that is not a wise use of resources.
  • They like organizations that have broad support from donors, not a narrow group. Mkae sure that you are tapping the widest possible group of potential contributors.
  • They are made up of people, of very caring people who want to do the most good with the resources they have. They all have restraints but I can tell you from personal experience all grant-makers want to give away far more than they are permitted to give.
  • Appeal to the generosity and humanity of the grant-makers. Get to know them as people and make sure they know you, not just your mission. Don't be just a report they read, be a person and a face they relate to.
  • Ask them who else you can talk to. Not only do grant-makers know the local non-profits, they are usually well acquainted with many high-capacity donors. These donors may have additional financial resources they'd like to give away but do not know of a worthy opportunity. The grant-makers know the passions of these high-net-worth individuals and they might be willing to serve as a conduit for you to access these generous people.
Lead On!
Steve

Tuesday, January 29, 2013

Guidestar.org

  • Guidestar is an online non-profit company with one purpose. It publishes the Form 990 that most non-profits are required to submit to the IRS each year.
  • A 990 is a legal doc which states the total expenses and income for a non-profit. It breaks the expenses down into sub-categories and even lists the salaries of the five highest paid employees and their benefits. The 990 also shows the various sources of revenue for a non-profit from programming receipts to investment income. Finally, a 990 lists all recipients for organizations who grants from the non-profit whether these were small gifts or very, very large ones. All 990s on Guidestar are in PDF format so they can be downloaded and/or printed for further analysis.
  • Guidestar has a cool tool which enables people to search the hundreds of thousands of non-profits for any category which interests you. This makes finding your specific field of interest that much easier.
    • For example: your church is working with nearby elementary schools and wants to find money to expand a literacy program. A Guidestar search on "children's literacy foundation" shows over 150 non-profits which have literacy as one of their interests. Not all of them write grants so further research is required. This is time-consuming but eventually you'll find a dozen or so foundations to which you will write a compelling grant proposal/request. You may not get much or as much money you want/need the first time you ask, but be persistent and over time you'll develop relationships with the foundations that will open some doors.
  • Use Guidestar as a research tool to find local and national foundations which can provide additional resources for your efforts.
Lead On!
Steve

Saturday, January 5, 2013

Saying Thanks!

Here is a link to a good article about thanking your donors. Thanking, explaining, sharing stories, and helping others know what is going on in your church is vital to your church's finances. People liked to be thanked - please do it often and use as many platforms as you possibly can:
  • Personal letters
  • Articles in the church bulletin
  • Social media
  • Webpage
  • Hallway conversations
If you make this part of your daily attitude, that same attitude of gratitude will flow into your staff and your church members. After all, it is well known that every organization takes on the attitude of the top dog. So, be grateful, tell others thanks, and encourage everyone to follow your lead.


http://www.guidestar.org/rxa/news/articles/2012/9-clever-ways-to-thank-donors.aspx

1. Write a Greeting Card, Not a Business Letter
2. Share Recent Progress, However Small
3. Add an Invitation—But Not to Something That Requires Another Donation!
4. Use a More Creative, Personal Opening
5. Include Results-Oriented Photography
6. Record a Video Message
7. Send a Postcard from Behind the Scenes
8. Be Specific about How the Gift Is Being Used
9. Change Who's Saying Thank You   Lead On! Steve