If you had to complete binders full of reporting, metrics, updates, check-ins, and plans, to apply for, receive, and use a funding award, would it make a difference in how you engaged in the grant and that relationship? Would it help you to know how others are awarding and managing these awards?
Today’s Fast Build Friday topic is the infrastructure trends to watch in 2021. Nic highlights the first of two 2021 trends that she wants to talk about in a bit more detail. It is the first part of a two-part series.
The first infrastructure trend that Nic thinks we should be paying close attention to is due diligence for funding awards. She thinks we are going to see a real shift within the diligence space and we might even see it vary significantly by field, recipient, region, and funder.
And if we ignore the diligence trend, we may end up providing awards that are intended to be flexible, but are so tied down with diligence requirements pre, during, and post-funding award that we hinder how that grant could actually have been envisioned and used by the grantee.
How will you monitor diligence requirements in 2021? Let us know in the comments!
You can follow the link below to watch Episode 38.
Do you think your nonprofit infrastructure allows you to seamlessly receive and manage significant grants?
This week’s Fast Build Friday topic is how to receive and manage significant grants with organizational integrity.
We spend a lot of time talking about good grant making, but not as much time talking about good grant “receiving.”
Having built infrastructure for #nonprofits all over the world to receive and manage significant grants, I share my 3 recommendations to design an infrastructure that allows an organization’s values to confidently guide how that organization accepts funding.
How are you managing and receiving grants?
You can follow the link to watch Episode 12.
If you are not making grants to individuals because you do not know how or are afraid of what it might entail, you are missing a key component of your strategy.
Making grants to individuals is a critical part of how we change outcomes for vulnerable and marginalized communities.
Today’s Fast Build Friday episode is about making grants to individuals. In it, I share my 2 key considerations for building sustainable individual grant programs all over the world.
Are you making grants to individuals? What considerations do you suggest we keep in mind?
You can follow the link to watch Episode 11.
We are in the midst of the 2019 novel coronavirus (COVID-19) pandemic and our lives are evolving on an almost daily basis. Industries globally are feeling the financial effects of the virus. The travel industry, for example, which is comprised of airlines, hotels, and parts of retail, restaurants, and technology is estimating that the drop in the industry’s economic activity could be as much as US$1 trillion. And the music and film industries are each projecting a US$5 billion loss. Millions in revenue are being lost daily across most industries.
In our last article, I discussed the two reasons for the hesitation, reservation, and aversion towards flexible funding. Once those reasons are internally addressed, foundations and funders that currently provide no or a limited number of unrestricted or flexible funding awards can transition to bravely integrating this type of funding into their funding strategies. Discussing…
Over the past few months, a buzz has been created by the fact that some of the largest philanthropies in the United States have decided to increase their general support awards to their grantee organizations. Similarly, people have also been discussing Amazon founder Jeff Bezos’s award of unrestricted funding through his Day 1 Families Fund…
Remember the unicorn funding for infrastructure capacity building I wrote about in my last blog post? In it, I described what is needed for a catalytic conversation about funding infrastructure capacity building. The next step is being brave enough to determine how to fund a nonprofit grantee organization and build its infrastructure capacity. To do…
I have noticed an alarming trend. A nonprofit grantee organization receives funding for its work from several funders, but a cursory look into the organization’s infrastructure reveals that the organization is dangerously fragile, almost subject to collapse; its funding is inconsistent; it is seriously understaffed; its processes are undeveloped or underdeveloped; its leaders are grossly…
When foundations want to award grant funds, well, rapidly, they often create processes that get these funds to grantees in considerably less time than their standard grant processes will. This fast-track process is usually dubbed a “rapid response” grant process. And when this process is created, many celebrate, and others write articles praising the foundation’s…