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When It Comes to Prospect Research, More Is Not Always Better

Grant Professionals Association

Tools such as Instrumentl, Foundation Directory, GrantStation, and even AI chatbots make prospect research easier, but it is a time-consuming and nuanced process to use them effectively. Finances: How much money does the funder have to grant? Do they appear to be spending down their assets?

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Choosing a Grant Database Based on Your Needs and Budget

Peak Proposals

To answer these questions, below we discuss several types of grant databases and provide an overview of three specific databases— GrantStation , Foundation Directory Online (FDO) , and Instrumentl —to give you a sense of what grant databases can offer. Instrumentl , profiled below, is another.

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GRANTEGY: Don’t Leave Your Grants to Chance Series

Grant Consulting Services

Research aims to discover knowledge that will provide the answers needed to move forward with a potential grant application. With more competition and easier online applications, we must be more strategic about which grantmakers we align with. References Citation: GrantStation. ” GrantStation, 2022.

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Why is Grant Research So Important?

Grant Consulting Services

Research aims to discover knowledge that will provide the answers needed to move forward with a potential grant application. More competition and easier online applications mean we must be more strategic about which grantmakers we align with. Researching potential grantmakers is an essential part of the grant development process.

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The Importance of Grant Research

Grant Consulting Services

The purpose of research is to discover knowledge that will provide you with the answers you need to move forward with a potential grant application. This also affects your application because organizations want to know exactly how you plan on using their money. So, what do you do? One word: research.

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Grant Prospect Research: Eight Places to Look

PKS Grants & Accounting Solutions

Candid Foundation Directory Online (FDO) : Most grant professionals rely on this database to find any of the 225,000 private foundations in the USA, even when the funders themselves do not have websites or do not accept unsolicited applications. GrantStation : This is another reliable database for finding grant prospects.

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So You’ve Been Asked to Apply for a Grant — What Now?

The Fundraising Coach

Instrumentl and GrantStation are both popular choices in this category. One helpful rule of thumb we recommend is to prioritize grants with applicant success rates of 20% or greater. Better to invest the time in understanding the guidelines now than struggle through the application process later and realize you’re off-target!

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