Grants Development and Management
Grant development and management is a comprehensive process crucial for securing funding from various sources for organizations and projects. Overall, grant development and management services play a vital role in helping organizations secure the resources they need to advance their mission and achieve their goals.
What are the major activities?
- Identify opportunities: The consulting firm researches and identifies potential
grant opportunities that align with the goals and objectives of their clients. This
includes government grants, private foundation grants, corporate grants, and
other sources of funding.
- Proposal development: Consultants work closely with clients to develop
compelling grant proposals that clearly articulate the project or program, its
goals, objectives, methodology, budget, and expected outcomes. This often
involves crafting a narrative that effectively communicates the need for funding
and the potential impact of the project.
- Budgeting and financial planning: Consultants assist clients in developing
detailed budgets that accurately reflect the costs associated with implementing
the proposed project or program. This includes direct costs such as personnel,
supplies, and equipment, as well as indirect costs and overhead expenses.
- Submission and compliance: Once the proposal is complete, consultants
manage the submission process, ensuring that all required documents and
materials are submitted on time and in accordance with the funder's guidelines.
They also provide support in navigating any compliance requirements associated
with the grant.
- Grant administration: After securing funding, consultants assist clients in
effectively managing the grant award. This includes tracking expenses,
monitoring progress towards project goals, preparing financial reports, and
ensuring compliance with reporting requirements outlined by the funder.
- Relationship management: Consultants maintain strong relationships with
funders and stakeholders, providing regular updates on project progress,
addressing any concerns or issues that arise, and seeking opportunities for
continued funding and collaboration.
Timeline & Financial Investment
Grant Development and management is a specialized skill set that requires deep knowledge of the world of foundations and how to successfully secure and compliantly manage grants. We require a minimum 6-month engagement, with the opportunity to renew thereafter. Our fee structure is $5,000 per month, plus expenses. This includes a grant development plan, proposal developmkent, bimonthly project management calls, and regular updates on the entire process including application submission/approval and grant management activities.
Feasibility Study
A feasibility study is a crucial process that provides insight into the potential for and level of support from prospective donors for a philanthropic campaign. It also gives you an understanding of how your organization is perceived by your closest supporters and the wider community. If you're considering launching a major capital campaign, starting a major gifts program or philanthropy program, or reaching a significant organizational milestone, a feasibility study could be the key to your success.
The study creates an opportunity for honest dialogue regarding your aspirations and your organization, which leads to authentic engagement from your donors regarding your mission. This conversation often inspires donors to consider making a gift. Furthermore, many interviewees who participate in feasibility studies become not just donors, but also volunteer leaders for your campaign.
What Are The Major Activities?
- Conduct an internal assessment of organizational readiness.
- Develop a preliminary case for support, a concise and compelling document to share and test the proposed plan with key stakeholders during the interview process.
- Identify, invite, and schedule potential study participants.
- Conduct 15-18 confidential, face-to-face interviews and 1-2 focus groups or a web survey.
- Analyze the data collected from the interviews and develop a written report with key recommendations about whether and how to proceed with a campaign.
- Present findings to your board of directors.
Timeline & Financial Investment
Conducting a feasibility study typically takes 3-4 months from the first meeting to the final presentation of the study report to your board of directors. A feasibility study takes time and an investment from your core staff and board members, including help identifying study participants, scheduling and coordinating the interviews, gathering relevant data, and acting as study informants. Our baseline fee for conducting a feasibility study is $28,500, plus expenses.