Key elements in employing effective funding strategies to secure the greatest potential for funding include:
- Building funder relationships to foster trust and collaboration.
- Assessing who needs to be included in the effort to ensure a comprehensive approach.
- Developing a budget that aligns with both funder and organization requirements.
- Crafting an excellent executive summary that is succinct and resonates with the funder.
- Writing the body of the grant to demonstrate that the organization can meet the intended outcomes while fulfilling all requirements.
- Establishing achievable outcomes and goals that align with funder expectations.
- Identifying leveraged resources to show the organization has a vested interest and 'skin in the game.'
- Securing support from key entities to strengthen the proposal.
- Providing liability insurance as a safeguard.
- Building and delivering a presentation that connects with the raters.
- Following up to maintain engagement.
- Effectively setting up the project once funding is secured.