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We have 91 guests and 3 members online| The funder’s perspective |
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Put yourself in the shoes of the funder – consider what you would want to know in their position, and how you would like this information to be presented. Listed below are some of the key principles for a good funding application. Clarity and conciseness Clarity and concisenessA clear, concise application helps funders deal with the large number of applications they receive. The following needs to be immediately apparent to anyone reading your application:
Access group’s backgroundFunders need to know something about the group and its work in order to ensure that the money will be well spent. For example, they might need to know:
Reliability, efficiency and cost effectivenessFunders will be looking for evidence that an organisation is efficient and cost effective. Your group needs to be meeting legal requirements and following good practice in management. What others think of your group often holds a lot of weight: funders need to know that the group has credibility with the users of the service, with other funders and possibly with other agencies in the area.
Demonstrate a clear needTo ensure that the money is used well, a funder needs to know exactly what the problem is. What need will the money help to meet? The problem should be:
You will have to show funders how you know that there is a particular need in your community. Personal knowledge and experience can be a useful indication, but it is important that you have evidence to support your ideas. There are a number of ways in which you can do this.
RelevancyFunders need to know that the problem is one that should concern them, and one that they are empowered to fund. A trust that targets homeless young people is unlikely to consider requests to fund an older person’s gardening scheme, no matter how good the cause. How money will be usedFor a project, a funder will want to know who does what, to whom and by when. For a capital purchase (such as a piece of equipment or building), what will be bought, and how will it add value to the work of the organisation? Then how will it be maintained once the capital cost is met? Funders like to see that the effect of their grant may be greater than the actual sum of money suggests – this is known as added value. This can be particularly relevant for projects that use volunteers. Try costing up how much it would cost to employ people to do the work of the volunteers. Total budgetA funder might want to know the total amount of money being put into a project, even if it is not all coming from them. The budget your group presents to the potential funder should be:
Too many funding applications fail because they do not state exactly how much they are asking for and how it will be used. Monitoring and evaluationIf a funder is considering giving a grant over time, they would want to know that the group is achieving its aims over that period. Letting funders know how work will be monitored and evaluated can reassure them that their money will be well spent.
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