No grant is an easy win these days. Grant processes are often complex and time consuming. Many applicants get tripped up by simple mistakes and by trying to hurry the all-important submission step. Here are 5 points to consider when deciding whether or not to apply for a grant.
Before you plunge in and apply for a government grant, consider why you are applying, is the grant suitable for you and what are the potential benefits / returns to your business?
It’s not uncommon for organisations to reduce personnel and overhead costs by outsourcing day-to-day back office functions such as accounting or IT – however it’s less common to outsource specialised functions such as research, development of fundraising strategy or components of fundraising such as grant writing.
The investment of time in setting up a system to support the grant application process, often referred to as grant readiness, allows organisations to identify funding opportunities that align with their overall strategy and most importantly avoid the practice of trying to fit a square plug into a round hole.
Many grant providers require applicants to have either Deductible Gift Recipient (DGR) or Tax Concession Charity (TCC) status. Here's what these terms mean.