Nonprofit Myths: #1 - Tax Exempt Status; Ownership
MYTH: Nonprofit and tax-exempt mean the same thing.
MYTH: I own my nonprofit.
Get Funding.
Create Change.
You are here
RstephensonJR's blog
Budgeting for Something Priceless
Don’t forget to calculate the value of volunteers who make the program work—drivers to take people to and from their destinations, corporate employees who show up to work with students. It’s important to present a budget that accurately demonstrates what a program actually costs, even if some of those costs are covered by volunteer work or in-kind contributions.
Standing on Some Pretty Good Shoulders
It is easy to get swallowed up by the day-to-day challenges of funding, managing, evaluating, directing and refreshing a contemporary nonprofit organization. Those whose work is dedicated to helping others might take a moment to help themselves with reminders of the tradition they serve.
Stakeholders, Defined
There is widespread agreement that a proposal for a grant carries with it the aspirations and expectations of a lot of different people—our current shorthand is “stakeholders”—but sometimes we refer to them without thinking about who they really are.
Writing the Proposal: The Hourglass Method
Good news! You’ve submitted a Letter of Inquiry (LOI) and been invited to follow up with a full proposal. Now it’s time to actually write the thing. Here’s a system for making sure that your proposal is inclusive, accurate and compelling. It takes a little time but it’s worth it.
Logic Models, in Plain English
There comes a time when a proposal needs to include a logic model. Many foundations don’t require one but an increasing number are asking applicants to go beyond objectives and show, in a descriptive chart, the route you plan to take to get to the destination.
The Ups and Downs of an Elevator Pitch
You meet a local business owner at the soccer game and you congratulate her for her kid’s inside touch and scissor kick. After the proud parental handshake, you’re walking to your cars and she asks “what’s your work?” Here it is—a chance to tell a local leader about your nonprofit. The only problem is that you’ve got to do it in about a minute or less.
Less May Be More
Great writers agree: it’s harder to write short than write long. Mark Twain said “a two-hour presentation, I am ready today. . .a five-minute speech will take two weeks to prepare.” Thoreau said “Not that the story need be long, but it will take a long while to make it short.”
Government vs. Foundation Grants
When it comes to applying for grants, most small to mid-sized nonprofits don’t have a lot of staff resources or a bountiful budget for consultants. The challenge is to decide what funding “suspects” are actually good prospects and to make choices about what to pursue. Often the decision is about whether to put more effort into public / government funding vs. private foundation grant-making.
Who Toots Your Horn?
One of the elements of a persuasive proposal is the credibility of the applicant. Nonprofits should think about what it is that establishes their stature and value to the community. Hint: it’s probably more than just your own claims about your successes or your longevity or your staff resumes.
Pages
You're welcome to link to these pages and to direct people to our website.
If you'd like to use this copyrighted material in some other way,
please contact us for permission: info@tgci.com. We love to hear from you!
A follow-up study of 385 of our graduates found documented that they won grants totaling over $21 million within just six months of completing the 5-day Grantsmanship Training Program®. Our training produces results!