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    17 alternatives to grants

    by The NonProfit Times - April 4, 2012

    Grants have become one of the go-to sources for nonprofits that need funding for a project. Grant seeking can be an extremely time consuming process, though, so it’s crucial that you absolutely need a grant before you look for one.

    In his book “How to Win Grants,” Alan Silver laid out 17 alternatives or supplements to grant funding:

    • Sell unused assets and use the proceeds to fund the project.
    • Eliminate another service or program and replace it with the proposed project.
    • Charge fees to support some or all of the costs of a new service or program.
    • If you are already charging fees, increase them to include the cost of the proposed project.
    • Get a bank loan and pay it off with the fees you charge.
    • Request a local, state, or federal appropriation.
    • Use sources such as gifts-in-kind organizations to acquire new equipment, supplies, software, and other items.
    • Explore state and federal surplus equipment programs.
    • Recruit volunteer labor and expertise.
    • Improve the efficiency with which you provide the service.
    • Get a third party to pay for a portion of the costs, because the project saves them money in addressing the same problem or need.
    • Identify and secure a major contributor or sponsor.
    • Launch a fundraising campaign, beginning with your own board and stakeholders, or hold a one-time or continuing fundraising event.
    • Explore co-marketing arrangements with business to create income.
    • Create a for-profit business enterprise and use its income to support your project.
    • Join another agency’s proposal as a sub-grantee or subcontractor.
    • Combine two or more of these alternatives to assemble sufficient resources.

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