Do you think the federal budget cuts mean you can kiss the hope of a federal grant goodbye? You’re not alone, but you’re also wrong. Dr. M. Linda Wastyn, president of Davenport, Iowa’s Wastyn and Associates, and Robert Bradner, a partner at law firm Holland and Knight in Washington, D.C., busted that myth and others during the recent Grant Professionals Association National Conference in Baltimore, Md.
Like most endeavors, asking potential donors for money can be difficult, But, during the National Catholic Development Conference last fall, Brian Saber, president of Asking Matters, said that asking can be approached in five steps, with the person doing the asking being mindful at each step about his/her personality type or asking style.
No one expects nonprofit board members to predict the future, but planning is a vital part of their job.
Nonprofits have found that allowing user-generated content can be very helpful as a way to spread the word and to fundraise. Such a step, as with any involving the Internet, can also carry risks.
Nonprofit executives face so many challenges that a typical day can be yet another decision of which chainsaws to juggle and which to leave aside. It can be tempting to overlook that chainsaw of financial management.
A letter of inquiry (LOI) is the first chance to make a good impression on a funder, so take the time to get it right. “Make your LOI clear and energetic,” according to Holly Thompson, contributing editor for The Grantsmanship Center in Los Angeles. “You don’t have a lot of room to make your case, so make every sentence count.”
Motivating volunteers can be as important as motivating paid staff. And, it’s not just executives who are responsible but staff members can help, too.
More is good, and more more is better. And, more, more, more is even better.
Accepting the fact that fraud will happen is a big part of, ideally, preventing it or, more practically, minimizing the damage if it does occur.
Avoiding trouble on the federal Form 990 regarding compensation is often a matter of just making sure that I’s are dotted and T’s are crossed, small things rather than huge gaps. It can be extremely difficult to emerge from a governmental cloud, and especially frustrating if that cloud falls because of a small clerical error.