Our Foundationsearch support teams speak with over 10,000 non-profits and foundations each month. pandemic relief, there are some very compelling other reasons why your organization should emphasize foundation fundraising Strategies in 2021 and beyond.
Those reasons are
Predictable giving
– Foundations exist to donate to charity, unlike individuals and corporations, who have a variety of shifting interests and priorities that are dependent on a robust economy. Foundations often publish giving guidelines relating to geographic and philanthropic areas of giving interest – furthermore, analysis of giving through time indicates that most foundations maintain a strong, consistent focus in the areas they support.
Low risk / low cost
– unlike high expenditure / high risk fundraising efforts like golf tournaments and galas, foundation fundraising requires very little upfront investment, typically $5,000-$15,000, and with the average single foundation grant amount of $59,300 (2019, 2020), it provides the most cost efficient method of fundraising – all that is required to start is a funding database which identifies good funding prospects, a good letter, and a few stamps and envelopes
Growth
– the most recent CCS Fundraising survey (August, 2020) indicates that foundation funding was the fastest growing giving source since 2015-19, growing at a rate of 5.7%, compared to 3.2% for giving by individual donors. Foundations gave $72 billion, in the form of an estimated 1,164,000 grants – that is more than one grant for every two charities in the US so your odds of getting funded – if you apply of course – are good.
Increased credibility for you and your organization
– well, once you get funded by a foundation that is. When you are successful in attracting a foundation grant you will open up many doors in the foundation and corporate world for your organization for years to come – you have proven that you are worth funding and can deliver.
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