Advantages And Disadvantages Of Grant Projects

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Once the project has been specifically defined, the grant seeker needs to research appropriate funding sources. Both the applicant and the grantor agency or foundation should have the same interests, intentions, and needs if a proposal is to be considered an acceptable candidate for funding. It is generally not productive to send out proposals indiscriminately in the hope of attracting funding. Grant-making agencies and foundations whose interest and intentions are consistent with those of the applicant are the most likely to provide support. An applicant may cast a wide, but targeted, net. Many projects may only be accomplished with funds coming from a combination of sources, among them federal, state, or local programs and grants from private …show more content…

A review of the government or private foundation's program descriptions 'objectives and uses, as well as any use restrictions, can clarify which programs might provide funding for an idea. When reviewing individual CFDA program descriptions, applicants may also target the related programs as potential resources. Also, the kinds of projects the agency or foundation funded in the past may be helpful in fashioning your grant proposal. Program listings in the CFDA or foundation information will often include examples of past funded …show more content…

Later, the grant seeker may ask some of the grantor agency or foundation personnel for suggestions, criticisms, and advice about the proposed project. In many cases, the more agency or foundation personnel know about the proposal, the better the chance of support and of an eventual favorable decision. Sometimes it is useful to send the proposal summary to a specific agency or foundation official in a separate cover letter, and ask for preliminary review and comment. An applicant may check with the government agency or foundation first to determine its preference if this approach is under consideration. If the review is unfavorable and differences cannot be resolved, the grant seeker may ask the examining agency or foundation official to suggest another department, agency, or foundation which may be interested in the proposal. A personal visit to the agency's or foundation's state or regional office or headquarters (if available) may also be beneficial. A visit not only establishes face-to-face contact but also may bring out some essential details about the proposal or help secure additional advice or information. Federal agencies are required to report funding information as funds are approved, increased, or decreased among projects within a given state depending on the type of required reporting. Also, grant seekers may consider

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