Are You Ready to Apply for Grants
Content
Faruqi & Associates
Experts in Funder Relations
ARE YOU READY TO APPLY FOR GRANTS? Fund Development: INDICATORS Do you currently receive funding from a variety of sources? Do individual donors form at least 25% of your giving? Have you received foundation or government grants in the past? Have you received corporate donations in the past? Does at least one paid staff member dedicate 25% or more of his/her time to fundraising activities? Board of Directors: Does 100% of your organization financially? Does your board of directors have a development committee or chair? Do you inform all board members of their responsibility to raise or donate money? Are board members held accountable for their fundraising activities? Do board and staff members work together to raise money? Strategic Planning: INDICATORS Does your organization have a written 3- or 5- year strategic plan? Does your organization have a development plan? Are all board members, staff and volunteers involved in the strategic planning process? YES NO INDICATORS your board support YES NO YES NO
13102 Marbury Court, Houston, TX 77014, USA Phone: (832) 858-3864 Fax: (281) 397-6995 www.faruqiassociates.com
Faruqi & Associates
Experts in Funder Relations
Documents required for Submitting Grant Proposals: IRS 501C3 determination letter Current IRS 990 tax returns Current year's Operational Budget Audited Financial Statements
Other Indicators Funders Look For: At least 1 year of successful operations At least 1 paid staff person Measurable outcomes 100% board giving Diversified funding Balanced financials Sustainability plan
13102 Marbury Court, Houston, TX 77014, USA Phone: (832) 858-3864 Fax: (281) 397-6995 www.faruqiassociates.com
Experts in Funder Relations
ARE YOU READY TO APPLY FOR GRANTS? Fund Development: INDICATORS Do you currently receive funding from a variety of sources? Do individual donors form at least 25% of your giving? Have you received foundation or government grants in the past? Have you received corporate donations in the past? Does at least one paid staff member dedicate 25% or more of his/her time to fundraising activities? Board of Directors: Does 100% of your organization financially? Does your board of directors have a development committee or chair? Do you inform all board members of their responsibility to raise or donate money? Are board members held accountable for their fundraising activities? Do board and staff members work together to raise money? Strategic Planning: INDICATORS Does your organization have a written 3- or 5- year strategic plan? Does your organization have a development plan? Are all board members, staff and volunteers involved in the strategic planning process? YES NO INDICATORS your board support YES NO YES NO
13102 Marbury Court, Houston, TX 77014, USA Phone: (832) 858-3864 Fax: (281) 397-6995 www.faruqiassociates.com
Faruqi & Associates
Experts in Funder Relations
Documents required for Submitting Grant Proposals: IRS 501C3 determination letter Current IRS 990 tax returns Current year's Operational Budget Audited Financial Statements
Other Indicators Funders Look For: At least 1 year of successful operations At least 1 paid staff person Measurable outcomes 100% board giving Diversified funding Balanced financials Sustainability plan
13102 Marbury Court, Houston, TX 77014, USA Phone: (832) 858-3864 Fax: (281) 397-6995 www.faruqiassociates.com
