Hey there! This video is going to break down the differences between grant writing and fundraising.
So what is a grant? 💰 A gift of money awarded to an entity so that the entity can achieve a specific goal or purpose. This gift is awarded from government agencies, foundations, or corporations and typically, the gift has to be used in the ways that the funder specifies. Tribal organizations, non-profits (501c3), and faith-based organizations are eligible to receive grant funding.
At the most basic level, grant writing includes preparing and submitting a proposal narrative or application to a grant-making agency.
Successful grant writing ultimately results in increased funding for your organization! 🙌
So who writes these grants? All different kinds of folks write grants! Check out this video if you think grant writing might be for you 👉 https://www.learngrantwriting.org/webinar-videos/discover-grant-writing
Grant writing can be tough work, but we stick with it because the work positively impacts the organization and communities we care so deeply about. 🧡
How does this differ from fundraising? 🤔
Fundraising is generally defined as the process of soliciting financial support. Central to the idea of fundraising is the collection of cash donations.
At its foundation, fundraising consists of ways for charitable organizations to build relationships, bring in foundation support, and attract new donors. There are many key pieces in the fundraising process including finding prospects, marketing automation, consistent branding, donor retention, giving days (like Giving Tuesday), and event planning.
So what’s the difference between grant writing and fundraising?
Simply put, fundraising is how you raise money for your organization. Grant writing is one type of fundraising activity. Grant writing includes asking foundations or government entities for support while other fundraising activities might target individuals and businesses.
Check out this blog post to learn more 👉https://www.learngrantwriting.org/blog/difference-between-grant-writing-fundraising
Ready to become a grant writer? Check out our grant writing training: Grant Writing: From Start to Funded 👉 https://www.learngrantwriting.org/grant-writing-training
Questions? Thoughts? We’d love to hear from you!
🧡 The team at LearnGrantWriting.Org
TIMESTAMPS:
00:00 What is the difference between grant writing and fundraising
00:25 What is a grant?
00:48 What is grant writing?
02:00 What is a funding strategy?
02:30 Relationship building with funders during the grant writing process
03:45 What happens once a grant has been awarded
04:11 What grant writing does not include
04:48 What is fundraising?
07:18 Understanding a development strategy for fundraising
08:08 What fundraising does not include
08:15 The differences between grant writing and fundraising
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