Your foundation will stand for the projects that you choose to fund. You can prove your foundation’s mission statement through the projects that you fund. Once you have chosen to fund any projects, the information of that project will be attached to your foundation’s data forever. Here are some points to help you with assessing a good grant opportunity.
The quality of the proposal
A good project will give you as much information as possible. The information should be something that will help you see whether or not the project is going to be successful.
The reason that the project description is very important is because it will tell you whether or not the project’s purpose matches your foundation’s mission statement and your foundation’s focus.
The plan of the project
The plan of the project will help you assess the directions that the project is going to take in order to achieve the goals. You can see whether or not this is going to be successful based on your experience of looking at previous projects action plans.
Budget for the project
Is the budget reasonable and what’s the balance of the project between achieving its goals and how much budget it requires?
Advantages of using a software to manage your grant projects
- Design the application form to answer all the questions to let you know whether or not this is a good project to be funding.
- Ranking each project based on your criteria after you’ve set the objectives for the projects.
- Will not allow the applications to proceed to the next step unless they can provide all the information that you require in all the fields.
- Allow grantseekers to store any documents if required and will not get lost in any other applications.
There you have it, some tips on how you can successfully assess a grant project opportunity.
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