In Part One on this subject, I talked about my experience with people’s perception of grants. Easy? Not even close. Before one ever considers getting a grant, the must first realize that:
- It takes an incredible amount of research to find the proper possible grantors.
- Once the research is finished, you have to write a Letter of Intent exactly to the grantor’s specifications. If accepted, you write the grant proposal that way, too.
- It takes a long time to get any answer, positive or negative. A year is not uncommon.
- If you get it, great! If not, don’t expect to find out why.
- If you decide to go through this process, you’d better budget pretty exactly first.
- After you get the grant, everything must be documented for the grantor according to their specifications and forwarded to them periodically for their review.
- If you choose to hire a professional to do this, expect to pay properly. $100 per hour or more is normal.
Don’t wanna do that?
The term “crowdfunding” equates to “content writing” to me. Just as content writing is a term for writing supercharged by the internet, crowdfunding is just the old method of using subscriptions and pledges–PBS-like– to reach funding goals via internet use. It is faster, but easier? Nah.
The first thing that you have to do is decide on a platform. Kickstarter has emerged as the leader in the field, but there are hundreds of others like Indie GoGo and Crowdtilt. Each of them tries to differentiate themselves from the pack, so it is important to research them to decide which one is best for you.
I am currently involved with a campaign for the West Florida Literary Federation. As a nonprofit that feels confident about civic pride triggering enough sponsors to garner funds to supplement a traditional grant, we chose the crowdfunding leader, Kickstarter. The campaign:
http://www.kickstarter.com/projects/500voices/folk-art-and-interpretive-dance-meet-poetry-art-in
There are about 90,000 Kickstarter projects going on at any given time. Funding is fast, but still highly competitive. I spent over 100 hours exclusively on this project, for instance, and there are no guarantees. If we’re even $1 short of our goal, all is for naught. This system is “go big or get out.”
Oh, and no matter which forum you choose, you need to target your own potential sponsors. Sure, you could be featured on the front page and find lots of sponsors worldwide. People win the lottery, too. Good luck with that. Really.
My point is that grants are much harder to get than many think. Crowdfunding is faster and more user-friendly, but almost as hard.
When I was Regional Membership Director for the BBB in the 90’s, the president loved to be quoted in the press with the old axe “if it sounds too good to be true, it probably is.” He was onto something.
Grants and crowdfunding are vitally important, but far from easy. If anyone tries to make you think otherwise, a dropkick or something similar is advisable.
Grants are vital, as is crowdfunding–please don’t get me wrong. Like everything else, though, plan to work for them.