Several years ago, I worked with a nonprofit client who had received funding from a particular foundation many times in the past. The client felt confident putting the funder on their own grant calendar for the upcoming year, allowing me to focus my time on another funding priority because they were sure that the foundation would continue its support. Despite my recommendation, the client did not want to approve any research time for current funders. However, when the rejection letter came, they were surprised. After reviewing the foundation’s recent priorities, it became clear that their focus had shifted, and the grant proposal they submitted no longer aligned with their new direction. That experience was a costly lesson for the client, reinforcing how critical it is to research every funder, even returning ones, before applying. This extra step can make the difference between receiving funding and being rejected.

March Madness is in full swing, and all this talk about competition and brackets makes me think about how grant writing relates. Grants, much like professional sports, are competitive, and increasingly so. We can’t come in on gameday and put together a proposal without any preparation and expect to win big. To be competitive, your grant team must train and prepare to advance through the rounds and win awards. So, while building out/reviewing your bracket for college basketball, consider how these strategies can help your grant team gain a competitive edge.

Prospect research is the term commonly used for the process of identifying potential sources of funding for an organization or program. If your organization is a small or start-up nonprofit with limited staff or development support, the task of prospect research can feel both urgent and overwhelming. Fear not. Here are a few tips for beginning your prospect research process that will help start you on a path to success.

  We'll start with identifying grant-funding sources in Grants 101: Researching Grant Opportunities then qualify that research with Grants 201: Prospect Research. We'll guide you through the federal trends and tools you need to know in Federal Grants: Federal Find and Fit and consider the ethical questions...