Grant Services - Advice and Tips

Tips on Finding Matching Funds for Grants

Wed, Dec 26, 2012 @ 14:12 PM / by Alisyn Franzen

Grant applications have detailed requirements, and often, one of those requirements is that the grant funding amount be “matched” by additional funds. This can bring forth a predicament. First of all, where do you find matching funds? And what if you do not receive the grant funding that was to require the “match?” The following are sometips on how you can find matching funds for grants that require them. And remember, we are here to help you succeed. Contact one of our professional grant writers if you have a question or need additional help.

  • Search locally. Many businesses set aside a certain amount of “donations” to provide each year. Explain to local businesses what you are trying to receive funding for, and ask them if they would be willing to match a portion, if not all, of the applied for funding. Try to ask businesses that would make a logical partnership with your funding goals. For example, it would make sense to ask a pediatrician’s office or day care center to match funds provided to a center for underprivileged children. However, it would not be as logical to ask a local liquor store or pub to support a center for underprivileged children. The appeal for the local donors to amplify the impact of their dollars is a strong one.

  • Develop long-term, positive relationships. An important part of fundraising is ongoing “friendraising.” Businesses and individuals that know you and your positive contributions are much more likely to contribute than those who see you only when you enter their office, hand out, palm up.

  • Search the industry. Find agencies with goals that match your, and see if they might be willing to help support a proposal. Again, the ability to stretch their dollars can be compelling.Matching Funds

  • Plan inquiries around business’ fiscal year. A business’ tax year operates from January to December.  Some businesses have fiscal years that don't match the calendar year.  Find out their calendar for both.  The earlier in the fiscal year that you ask a business to donate, the more likely it is that they will still have money left that had been set aside for donations. The reverse can also be true. Many times near the end of the fiscal year, businesses are looking for charitable deductions to offset tax liabilities.

  • Search other agencies. Agencies like the National Endowment for the Humanities offer grants on a wide variety of topics. Sometimes these grants could be used towards matching funds on other grants.

  • Look for “hidden” in-kind matches. Many times you may be able to claim an in-kind match for some service that you already provide. You can place a value on volunteer services, for example, or space you provide, or transportation (as in the church example above), or donated goods you distribute. Contact us if you have questions on how to place a value on these types of matches.

  • Spend time. Don’t cut short the amount of time you use to seek out and apply for matching funds. The more effort you invest in the process, the more likely you are to receive funding.

 

These are just a few of the many ways to secure matching funds for a grant. At the very least, your groundwork will have earned you some good relationships, and that in itself is important. We are here to help you reach your funding goals. We offer a variety of services at reasonable rates for every step in the grant writing process. Contact a grant expert today for more information on how we can assist you.

 

Image credit: allison.johnston

Topics: grant services, grant application hints, matching funds, grant writing help, find matching funds for grants, find matching funds, grant writing, grant application tips, in-kind funds

Alisyn Franzen

Written by Alisyn Franzen

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