Knowledge base

What should be included in a letter of inquiry?

When funders ask for a letter of inquiry (LOI), they want a few pages that will make them excited about giving you a grant. Some foundations will then invite you to send a full proposal. But for many foundations, an LOI is enough to make a decision. That means a great LOI might win you funding for your project.

Topic(s)

Proposal writing
Knowledge base

How can I find funders that offer a particular type of support?

A types of support approach to grantseeking differs from a subject approach in that it focuses on identifying grantmakers that have expressed an interest in providing the specific types of support your organization needs. For example, there is no point in approaching a funder for emergency funds if the foundation only funds research or building/renovation projects.

Knowledge base

How do I start a nonprofit organization?

Starting a nonprofit organization can be an inspiring way to give back to your community and help those in need. However, it is important to understand all of the steps involved in this process before moving forward. 

Knowledge base

¿Qué es una auditoría interna de desarrollo? ¿Por qué es importante?

Recurso en español: La auditoría de desarrollo, o "fundraising audit" en inglés, se refiere a un autoanálisis institucional para evaluar la eficacia de los esfuerzos actuales de procuración de fondos de la organización y para identificar capacidades y debilidades en sus sistemas de desarrollo (personal, junta directiva, políticas internas, y prácticas). La auditoría sirve para evaluar la preparación de la organización para emprender nuevas inciativas de desarrollo de fondos y recursos.

Topic(s)

Fundraising
Knowledge base

What is fiscal sponsorship? How do I find a fiscal sponsor?

Instead of starting your own nonprofit, you can work with an existing 501(c)(3) public charity under a formal arrangement known as fiscal sponsorship. You can ask for grants and tax-deductible donations under your sponsor's exempt status. Fiscal sponsorship can also open a world of grant opportunities to individuals, such as artists.

Knowledge base

Where can I learn more about fundraising planning?

Foundation grants account for only a small percentage of the overall funding picture in the nonprofit world. It is therefore essential for nonprofit organizations to investigate and incorporate a variety of potential revenue sources. This process is known as fundraising planning.

Knowledge base

How are nonprofits funded?

Individual donations, corporate contributions, foundation grants and fee for services are some of many sources of income for nonprofits. While opinion varies as to what a nonprofit's "ideal" mix is, using several different sources to achieve sustainability is generally a good practice.