Basics for Seeking Grants and Other Funding

For a nonprofit organization to fundraise successfully, there are foundational steps that must be in order first. These basics, such as governance structure and recognition as a legitimate nonprofit, come prior to the issues of addressing how to ask for money and where to get it. People and foundations do not just hand out money; Ted Turner is not going to walk up to your door with a briefcase full of a million dollars and the Gates Foundation is not going to be inspired by the name of your organization and bank wire funds. Organizations need to have certain things in line, legal and otherwise. This article provides an overview of these foundational steps that must be in place before asking for money.

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