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How To Fund Capital Projects with Grants 3 года назад


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How To Fund Capital Projects with Grants

Hey there! Today we are going to talk about how to fund capital projects with grants! Our students have been asking us about this and we were so happy to make a video because this is Meredith's zone of genius! If you are interested in becoming a grant writing unicorn, check out our free training on how to become a freelance grant writer 👉 https://www.learngrantwriting.org/web... Capital projects are new construction. Grants will fund the material costs of building new infrastructure. When you are getting ready to figure out how to get a complex capital project funded, here are two things to do first: 1️⃣ Figure out how much your project is going to cost and develop a budget 2️⃣ Put together a funding strategy! Grants are like dominoes. You can stack funding sources and leverage existing funding to pursue additional grants. A funding strategy will outline which grants to pursue and in which order. To learn more about how to create a funding strategy, take our free mini-course on how to write a winning grant in 7 steps 👉 https://www.learngrantwriting.org/fre... 5 Tips: 1️⃣ What is the local "skin-in-the-game"? Your client or you as the organization should be first in. Projects should have 20% of their own money in the capital project. 2️⃣ Right-size your project. 3️⃣ Phasing your project 4️⃣ Should we get a loan to help us fund this project? 5️⃣ Partnerships TIMESTAMPS: 00:00 How to fund capital projects with grants 16:01 Tips for getting that first grant to build your project 00:41 What is a capital project? 01:29 Figuring out the budget 02:10 Creating a funding strategy 03:45 Example of a student getting a YMCA funded 07:10 5 Tips for securing grant funding 07:11 How much money should the organization should put in of their own money? 07:53 How to "right-size" your capital project 10:48 How to fund phases of capital projects 11:41 Should I get a loan if I want to fund a capital project? 13:18 Partnerships to help secure capital projects 16:00 Tips for finding the first grant for your capital project 17:49 Taking on a capital project as a grant writer

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