What does LOI stand for?
Letter of Inquiry
A written document that demonstrates your preparation of your organization’s fundraising efforts throughout a set time period (often one fiscal year)..
a.) Strategic Plan
b.) Proposal
c.) Fundraising Plan
c.) Fundraising Plan
What is the first step in the grant writing process?
a.) Search for prospective grant opportunities.
b.) Identify need.
c.) Develop general proposal and budget.
b.) Identify need
What's the difference between quantitative and qualitative data?
Quantitative-
numerical and can
be counted,
quantified and
mathematically
analyzed
Qualitative- used
to describe
meaning and is
generally non-
numerical
True or False. It's better to apply for as many grants as possible than to focus on applying to a few grants that align closely with your mission and project.
False.
True or False. The majority of nonprofit funding comes from grants.
False. Nonprofit revenue comes from a variety of sources.
Name three different types of data sources?
Document Analysis (i.e. program applications, financial info, historical documents)
• Surveys
• Pre and Post Test
• Interviews
• Focus Groups
• Observations
Which of the following is not one of the keys to nonprofit fundraising success that we talked about in class?
a.) Focus on generating new support
b.) Know your donors
c.) Build trust in donor relationships
d.) Focus on current supporters
a.) Focus on generating new support
A nongovernmental, nonprofit organization with funds (usually from a single source, such as an individual, family, or corporation) and program managed by its own trustees or directors.
a.) Private Foundation
b.) Family Foundation
c.) Community Foundation
d.) Corporate Foundation
a.) Private Foundation
What is a budget justification/narrative?
A brief description that may accompany a budget. It
can be used to clarify specific line items, explain
how the costs were estimated, and/or justify the
need for the costs.
Name two sources of nonprofit funding (i.e. grants)
Individual donations
Corporate sponsorships
Fees for services and goods
In-kind donations
The Goals and Objectives section of a grant proposal is one of the most important. Explain the difference between a program goal and program objective.
Program goals are broad statements of desired overall outcomes — not specific as to when or how.
An objective is a specific statement describing a particular, expected program outcome.
Objectives indicate to the reviewer exactly how you plan to achieve your goals.
Explain the importance of the sustainability section of the grant proposal from a funder's perspective.
Define In-Kind Donations and provide two examples.
In-kind contributions are donations of goods, services or time — instead of cash.
Examples- food, clothing, building your website
Name the 8 basic elements of a grant proposal.
Letter of Inquiry
Statement of Need
Goals and Objectives
Program/Project Description
Evaluation Plan
Sustainability Plan
Organizational Info
Budget