If you've done any sort of prospecting for new foundation grants, either using one of the resources from the Foundation Center or any other publisher, you've certainly come across those listings that describe the perfect prospect - interested in your mission, located nearby, lots of money to give - but then you come across those fatal phrases: "Applications not accepted," or it's partner, "Contributes only to pre-selected organizations."
Many, if not most, of the private, family foundations seem to have this notice in their listings. These foundations are typically small (under $1 million in endowment), have no full-time staff, and no means of effectively screening and evaluating the volume of material they'd receive if they did open themselves up to unsolicited applications. And so, they typically make their grants each year to the same small set of nonprofits that their Board members are already aware of. The only way in is to know a family or Board member personally.
Foundation Source is a company that has, for about a decade, worked with these private foundations, providing management and back-office services, advisory services, and online research and application services. They manage over $4 Billion in assets for more than 900 foundations, granting out about $250 Million each year.
The majority of the clients that Foundation Source serves are those smaller, family foundations that currently do not want your unsolicited application. And they are about to make it a whole lot easier for nonprofits to be seen by these mysterious, but important, funders.
Foundation Source will soon launch it's Access website, which, among other things, will allow nonprofits to set up organizational profile pages, and Project Proposal pages, that will potentially be seen by the 900+ foundations managed by Foundation Source. You will also be able to associate your organization's profile page with different Cause Pages (such as Emergency Relief, or maybe Hunger).
When the private foundations, already using Foundation Source for their research and granting, are searching for an organization working on certain topics, there you are with your profile and project proposal pages, and they will be able to simply "click and fund," or, at least, invite a formal application - which will be a single online application for all 900+ foundations.
Sounds too good to be true? Of course, there is a hitch... Following the formal launch there will be a fee for you to post Project Proposal Pages (although maintaining your organizational info will be free). When I spoke to representatives from Foundation Source they were still working out the pricing details.
The good news, though, is that if you pre-register now, before the launch on October 1, you will have complete free access to all the site features through April 30, 2011.
Whether or not Access will provide a good return on your investment after that will depend on what fees they charge and whether or not their foundation clients really use the system to find projects to fund. But, the free trial is certainly a no-brainer, and sure to provide a positive ROI.
To pre-register and get the six-month free trial, go to access.foundationsource.com and sign up before October 1.
Showing posts with label funders. Show all posts
Showing posts with label funders. Show all posts
Monday, September 13, 2010
Wednesday, April 11, 2007
"Just the facts, Ma'am"?
Viewers of the old TV program, Dragnet, remember Sgt. Joe Friday repeatedly telling the witnesses he'd question about a crime, "Just the facts, Ma'am." He had no time to get mixed up in the emotional aspects, he just wanted names, numbers, and details.
Many fundraisers also take the Sgt. Friday approach. Whether it's in a foundation grant proposal, or direct mail letter, or a talk at the local Rotary, too many of us get so caught up in our fabulous statistics and data that we forget that we are in an essentially emotional business.
When I teach grant writing classes, I always tell my students, "The data may get the funder interested, but it's the emotional hook that puts the signature on the check."
I am reminded of that this week because of a phenomenon being fueled by YouTube. A video was posted a week or so ago telling the story of a Josh Adkins, a boy with terminal cancer and one final wish: to get into the Guinness Book of World Records for receiving the most get-well cards.
Other YouTube users posted replies and helped spread the Josh Adkins message. One of these videos ended up being featured on the YouTube home page, bringing in over 100,000 views (to this date).
Needless to say, there are now thousands of cards being sent to the address given for young Josh. (Note: The Guinness people no longer certify a record in this category since a British child received more than 200 million cards in the decade since he put out his request. Still, Josh is a real boy, who wants to receive cards, whether or not it earns him a record.)
The creator of the featured video, Tom Guarriello (an online buddy of mine and a great business consultant), has since posted a follow-up video talking about the phenomenon that he unwittingly participated in, and some of the reaction to it.
In this new video he mentions that some of the comments he's received are along the lines of, "Why should we care about this one kid, when so many others are also dying?" Tom very rightly answers about the power of emotional arguments to push logic and reason aside. The image of one sick boy hits us all (okay, most of us) much harder than charts showing the number of childhood cancer victims and survivors.
Which brings us back to what I teach my grant writing students: Put in the data, but don't be afraid to include the emotional hook too.
Yes, brag about how successful your organization is, and how many people you serve, and how it has improved their lives - but then illustrate that with a real client story. Put in that name (first name only, remember confidentiality) and create that image. Funders are human too.
After all, did you get into the nonprofit field for all the nifty spreadsheets and the huge paychecks? Or did you get into the nonprofit field to help people?
"Just the facts?" I don't think so.
Many fundraisers also take the Sgt. Friday approach. Whether it's in a foundation grant proposal, or direct mail letter, or a talk at the local Rotary, too many of us get so caught up in our fabulous statistics and data that we forget that we are in an essentially emotional business.
When I teach grant writing classes, I always tell my students, "The data may get the funder interested, but it's the emotional hook that puts the signature on the check."
I am reminded of that this week because of a phenomenon being fueled by YouTube. A video was posted a week or so ago telling the story of a Josh Adkins, a boy with terminal cancer and one final wish: to get into the Guinness Book of World Records for receiving the most get-well cards.
Other YouTube users posted replies and helped spread the Josh Adkins message. One of these videos ended up being featured on the YouTube home page, bringing in over 100,000 views (to this date).
Needless to say, there are now thousands of cards being sent to the address given for young Josh. (Note: The Guinness people no longer certify a record in this category since a British child received more than 200 million cards in the decade since he put out his request. Still, Josh is a real boy, who wants to receive cards, whether or not it earns him a record.)
The creator of the featured video, Tom Guarriello (an online buddy of mine and a great business consultant), has since posted a follow-up video talking about the phenomenon that he unwittingly participated in, and some of the reaction to it.
In this new video he mentions that some of the comments he's received are along the lines of, "Why should we care about this one kid, when so many others are also dying?" Tom very rightly answers about the power of emotional arguments to push logic and reason aside. The image of one sick boy hits us all (okay, most of us) much harder than charts showing the number of childhood cancer victims and survivors.
Which brings us back to what I teach my grant writing students: Put in the data, but don't be afraid to include the emotional hook too.
Yes, brag about how successful your organization is, and how many people you serve, and how it has improved their lives - but then illustrate that with a real client story. Put in that name (first name only, remember confidentiality) and create that image. Funders are human too.
After all, did you get into the nonprofit field for all the nifty spreadsheets and the huge paychecks? Or did you get into the nonprofit field to help people?
"Just the facts?" I don't think so.
Subscribe to:
Posts (Atom)
Popular Posts
- About Grant Writing Fees & Commissions
- How Much Should Board Members Give?
- How Many Board Members?
- Joining a Nonprofit Board of Directors: The Why and How of It
- The Engaged Board Member
- Posting annual reports online and donor poachers
- LinkedIn Launches Board Connect Service
- How do you allocate overhead costs?
- The Five Stages of Nonprofit Board Fundraising
- Multichannel Communications - Management & Tips