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frequently asked questions about grants

frequently asked questions about grants - Lesson 01 Q Where...

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Lesson 01 Q: Where do I go to learn more about establishing a nonprofit organization? A: I'd be happy to give you several resources that will provide you with more information: Board Source: Building Effective Nonprofit Boards http://www.boardsource.org/catSearch.asp?SuperCatID=8 Life Cycle of a Public Charity (from the IRS) http://www.irs.gov/charities/charitable/article/0,,id=122670,00.html Business Filings: Nonprofit FAQs http://www.bizfilings.com/learning/nonprofitfaq.htm You may also want to investigate Anthony Mancuso's book How to Form a Nonprofit Corporation . It's available on Amazon, and here's the link: http://www.amazon.com/exec/obidos/tg/detail/-/0873374517/102-3867459- 4743339?v=glance. You may also find it at your local library. Good luck in your new nonprofit venture! Q: I've just started a nonprofit organization, and seed monies sound just like what I need. How do I go about finding seed money grants? A: Congratulations on your new venture! I'd be happy to tell you more about seed funds. Seed funds can often be hard to locate and obtain, but don't be discouraged! I recommend that you go to local foundations, corporations, and businesses— sources that will be affected by your proposed program—and ask them for support. These personal contacts with local community leaders and business owners who care about and understand what you are doing will be essential to a successful campaign. You'll need to write a concise letter of inquiry (or request) that describes your proposed organization and includes a projected budget for the funds needed in the next six months. Keep in mind that some funders will provide seed monies for organizations that can prove they have submitted their nonprofit-status paperwork and are simply waiting for their final status papers. In my experience, local foundations, businesses, or individual donors will support a fledgling nonprofit organization to help them get on their feet for the first year or two of operation. These local sources will be good friends and partners in your organization's establishment and success. But, once again, these funders are on the ground floor—possibly members of your founding board of directors. So remember,
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continually building relationships with your community and its funders is crucial in establishing and growing a new nonprofit. Q: How much do grant writers make? A: I can't tell you exactly how much grant writers earn, because salaries vary from region to region and state to state. However, I can give you some links to salary tables so you can get an idea of the possibilities. Check out the one from The Wall Street Journal 's site, CareerJournal.com, in the Supplementary Material section of this lesson. And then try these additional sites: Abbot, Langer & Associates: Pay Rates in Nonprofit Organizations http://www.abbott-langer.com/snosumm.html The NonProfitTimes: Salary Survey http://www.nptimes.com/Feb03/sr1.html Q: Can you tell me a little more about matching funds?
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