Four Types of Grants You Don’t Want to Miss
Updated: Sep 8, 2021
Are you looking for grants to support your nonprofit but have no idea which ones you should go for--let alone how to get them? Keep reading to get a better understanding of these funding opportunities and how to capitalize on them.
Grant writing is not a new practice, and there are tons of ways to do it. Every day, millions of people are searching for funding to support various types of activities. To save you valuable research time, we have shortlisted the four (4) types of grants you will most likely encounter. Additionally, we also draw out basic strategies to apply when preparing your proposals to increase your chances of success.
1. SEED GRANT
This grant opportunity is for new projects or new organizations. If you are seeking seed funding, you do not need to show proof of your pilot project's outcomes because it is still in its initial stages. This grant type is attractive because all other grants require applicants to explain their ideas and how they deserve the funding. Meanwhile, instead of showcasing the current project's potential, the candidates will show their past experience and success in other projects.
Therefore, you should grab the chance to demonstrate your team's strength! Focus on the big overall problem that your project covers and conclude with solutions that you have thoroughly researched
2. SUSTAINING GRANT
For this funding type, you seek funds to support your running program, and you go on doing what you are already doing instead of starting something new. With this grant opportunity, you can avoid lack of funding and keep the organization up and running. This is the case with most foundation grant funding. The funder will give you money to pay for costs to run the business like salaries or raw materials.
To catch the funder’s eyes, your project should have certain successes. You also need to do some showcase of your succeeding approach. Taking it a step further, state your intentions of making advancements in efficiency, staffing, or utilizing technology.
Regardless of its name scope, this funding is usually just for nonprofits looking for chances to attract new members to their existing programs. Alternatively, it could also be for internal expansion within an organization. For this grant, you need to show how your work has been valuable and impactful and demonstrate its future potential.
You are to prove that your project already works on a small scale and deserves to be expanded to a more significant population. The funders will weigh your achievements and the value of your evaluation methods. Take great care in the preparation and show what you have laid out to welcome the funding, like establishing a relationship with new partners, taking on more staff, setting up new headquarters, or applying new technology for automation. An example of an organization prime for expansion grants funds may be growing an existing school by significantly increasing student enrollment, adding one or more grades, or adding an additional campus/site.
4. REPLICATION GRANT
With this grant opportunity, you would use this funding to “copy” an existing program and launch it in another location or with a new population. The decision-makers use this term to differentiate this funding type from others as the work is being replicated and will enable them to duplicate or expand one or more high-quality projects. As an example, this could be the creation of a second (or subsequent) charter school that utilizes the instructional program and/or academic model of an existing charter school.
In summary, it takes ideas and effort to form an organization, but even more strategic planning to qualify for one or more of these types of funding. Positioning your program's stage, determining the actions needed, and expounding on your near-future vision are key points needed to get you going in the right direction. If you are a nonprofit organization, It can sometimes be a challenge to evaluate your program's potential in order to persuade the grant makers, so careful preparation is a must.
If you would like more information on expanding your nonprofit organization or small business, give us a call at (281) 827-9793 or send us an email.