With a prolonged recession and the plunge of the stock market came a diminishment of private foundation endowments, as we all know in the fundraising field. Now that the market is ticking upward again, looking like the only healthy sector of the economy (leaving aside big pharma), grantmaking is beginning to show signs of life once more. Grantmakers, however, have had a long period of soul-searching. This means that nonprofits seeking grants from non-government sources would do well to redo their basic prospecting. Yes, a whole new search! It's a great time to discover new sources of grant funding by redoing the search through the Foundation Center, local and regional news, Google searches, and networking through your board members.
For everything old is new again. Forget that stuff about there being nothing new under the sun. Under the grants sun, everyone in the position of disbursing grant funds has new ideas.
I'd love to hear about your experience in seeking grants from private and corporate foundations this last 12 months. My experience is that foundations that were tried and true sources for my clients reduced or refused grants many were counting on and new sources popped up. Does this ring any bells?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment