Developing and sustaining good relationships with institutional funders provide those avenues to new funding and help maintain current support. Ask your board and staff who knows whom at what institutions and how those relationships can be leveraged to gain a competitive advantage, Slocum said.
Beyond relationships, foundations are focusing on results more nowadays than ever before. Funders are looking for measurable outputs that demonstrate success. Funding decisions rely more and more on assessing the value of an organization’s programs, and foundations need to see evidence that what you do works. Find sensible ways to prove your doing good work, demonstrating the effectiveness and efficiency your organization has in carrying out its mission, Slocum advised.
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- Foundation Center
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