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Testimony of the Week



4 ways to utilize the grant as a product:

1) Update & Resubmit the grant application! If grant is not awarded, then ask the funding source that you applied to for feedback.

2) Update/tweak the grant and submit it to other open grant solicitations! You obviously still need money for that project, so find other good-fit funding sources to submit to.

3) Repurpose the grant application for other funding streams. You have created a product and if it is a good grant application it has updated statistics to lend credibility to your project, a defined target population, a specific goal, S.M.A.R.T. objectives, a timeline, evaluation process, data gathering process, and updated information about your organization.

4) Provides Clarity. Just the nature of creating a grant application creates clarity.


3 Ways a Nonprofit Can Pay a Grant Writer


1) Fundraise! The nonprofit can do some fundraising (car washes, bake sales, online fundraiser, etc.) to generate general funds to pay a grant writer!

2) Generate income from a product or service: Many  nonprofits have thrift stores, cafes, provide counseling, etc. to generate general operating funds for their nonprofit. Having a diversity of income is fundamental for creating healthy nonprofits!

3) Utilize the Indirect-Cost Rate: If you utilize an indirect cost rate for your budgets, then including a sustainability developer (or something of that nature) may be something to consider! Refer to this podcast on indirect cost rate for more information!


Listen to the full podcast to hear more about Holly's suggestions! 


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Listen to the FULL podcast on iTunesSoundCloud or Stitcher