There are many people who would like to assist their fellow man, but simply do not know how to go about it. Many who would like to start a non-profit organization have no idea how to get the ball rolling. We see others in need and wonder; what can we do?
If you have a vision and a passion towards a cause, Grant Oath can help you to achieve your goals and your dreams, and in the process, fulfill the dreams of those less fortunate, or the dreams of those who support a cause that is ignored, because of a lack of funds to advocate for it.
Your county, state and federal government have grant funds slated for allocation to nonprofits that conduct activities for communities in need. There are millions of dollars, in the form of grants, just waiting to be utilized. However, understanding the process of obtaining grants is daunting. Because of this, many NGO’s (non-governmental organizations, which operate independently of any government, usually to address political or social issues) are closing their doors, right at a time, in this country, when their help is needed more than ever!
How much your NPO (non-profit organization) requires will depend on the scope of the organization’s goals. Influx of donations may be high, but, so too, will be the output for the services the NPO is offering. Donations are not a guarantee, and can vary widely from year to year. Therefore, consider that you are going to need grant assistance while you become established, and to buoy you through the following years.
Too often, people will try to start a non-profit with high hopes and no money. That doesn’t ever get anyone, anywhere. Grants are the answer!
An NPO should consider that it will need at least one third of its projected revenues in reserve to stay afloat or at LEAST 6 months of “reserve money”. This is money which is typically not utilized over the course of operations, but as a buoy may, occasionally, need to be “dipped into,” in order to keep the operation moving forward. Every NPO needs to develop a realistic budget of anticipated donor sources and overhead costs.
According to grantthorton.com, NPO’s typically over-anticipate donations and under-anticipate costs, by about 25%. A successful business model for an NPO would anticipate that revenues would increase each year, but there are numerous circumstances which may affect this, not the least of which is economic instability, which can occur without notice.
If an NPO anticipated they would be generating one-million dollars in revenues in the first year, then they would need to have about $335,000 of that held in reserve. Moving forward, that amount would need to be increased as revenues increased; building a fund that would cover costs for five-years. This amount is for risk coverage.
Grants are affected very little, if at all, by the economy. Often, grant funds are required to be utilized as stipulations for other types of county, state and federal funding programs.
Taking all of this into consideration, it becomes clear that a critically important resource for NPO’s is the utilization of grant funds.
Grant Oath will guide and assist you, with the utmost due diligence, in these activities. Grant Oath fully supports and administers the grant process, before, and after the grant is written.
Navigating the waters of grant acquisition is, at best, a challenging task. Grant Oath knows how to address this challenge, find the grant that suits your NPO, and draft your essential, highly comprehensive, proposal. There are many aspects of a grant proposal which need to be considered; inclusion of which culminates in the creation of an in-depth document which effectively places your NPO at the top of the list, for consideration.
You need the professionalism of Grant Oath to make your cause shine.
There is a popularly known phrase that states “anyone who represents themselves in court has a fool for a lawyer”; without a professional to represent you, your chance of being successful in your mission decreases greatly. While, publications can be found which list nearly a thousand pages of potential grant opportunities; finding the one that perfectly matches your niche takes extensive research. Let Grant Oath save you the frustration of trying, on your own, to get the grant funds you need and deserve.
Of the many cost considerations for starting an NPO, which may include Incorporation, Reserve a Corporate Name, Register a Trademark, Federal Tax ID #(EIN),501(c)(3), Basic Insurance Coverage (General Liability, Property, Directors & Officers, Worker Compensation, Auto, Health), Website, Employees (Salaries, Federal/State Unemployment Taxes, Social Security/Medicare Taxes), Marketing, and Office (Rent, Utilities (Wi-Fi, telephone, electric), Computers, Furniture, Postage, Letterhead, Business Cards and Other Office Supplies, one of your first, most important and beneficial business investment costs, will be putting Grant Oath to work for you.
Don’t let the dream die, just because you don’t have Grant Oath in your corner, helping you win the fight!
You have our oath, and your success is our priority!