Frequently Asked Questions
Does Sound Grants work for a contingent fee or a percentage of the grant award?
No. The cost of preparing a grant proposal cannot be paid from a grant unless such costs are listed as eligible in the Request for Proposal (RFP). Most foundations, government sources, and other grant making organizations will not permit you to use grant funds to pay a grant writer. The grant writer must be compensated for his or her time no matter if the proposal is funded or not. Many quality proposals do not get funded despite the fund seekers’ seemingly strong efforts and excellent work. Funding decisions depend on many variables, such as the number of applications submitted, the whims of the reviewers, geographic considerations, change in funders’ priorities, and other factors that may never be known. In short, grant preparation costs are usually paid from other agency resources, such as private donations or reserves.
What does Sound Grants charge to prepare a grant proposal?
The cost of preparing a grant proposal varies. Some factors impacting the cost include:
- The client’s responsiveness to the grant writer’s need for specific information;
- The complexity of the RFP;
- A compelling need for the project or program being proposed; and,
- The organization’s overall readiness to apply for grant funding.
Contact Sound Grants for an estimated cost of your proposal preparation needs.
Where can I get a grant to start my own business?
This question comes up repeatedly because individuals have been led to believe there is “free money” out there somewhere. The short answer is that there are few sources for grants to start or expand a business. Occasionally funding can be secured through government sources for research and development or technology-based initiatives. The majority of grant funding is allocated to 501(c) (3) non profit organizations.
How long does it take to receive funding once a grant proposal has been submitted?
The length of time between submission and actual receipt of funding varies by funding source. A few foundations make funding decisions on a monthly basis, but most take three or more months. Some may take as long as nine months or a year. Agencies seeking funding should consider these varying decision-making time frames as they undergo their program and budget planning processes.
Does Sound Grants have personal relationships with various funders?
Although Sound Grants is acquainted with many different funders, our role in the development of a particular proposal would normally be transparent. Relationship building with foundations or corporate funders is always the responsibility of agency seeking funding.
Funders often ask for the goals and objectives of a particular project. What is the difference between goals and objectives?
Confusion about goals and objectives is quite common. A goal is simply a broad statement about where you picture your organization, project, or target population at the end of the grant period. An objective, on the other hand, is a major milestone on your path to the goal. Objectives are attainable and help keep goals realistic.
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