Is your Non-Profit Organization ready to be funded?
Has your non-profit organization been receiving funds lately or are you struggling to secure sufficient funds to enable you to advance your work? You are probably wondering why being awarded grants has not been an easy task to accomplish. Gaining admittance to the “fundable club” requires your non-profit organization to gain a competitive advantage by raising its credibility and enhancing its visibility in the funding landscape.
In this blog, we explore how both large and small non-profit organizations can enhance their competitiveness by improving and demonstrating their grant management capabilities through Certification to the international standard for Good Financial Grant Practice (GFGP)
The notable red flags
Regardless of the growth stage of a non-profit organization, seeking grants, meeting the due-diligence requirements, demonstrating capabilities to manage funds effectively and gaining grant makers’ trust can be a daunting process. Amplifund's State of Grant Management Report shows that organizations are giving little attention to positioning themselves to meet the demands of the funding landscape/donor community. Some of the red flags associated with inefficient grant management capabilities in organizations include:
The green flags: how to be grant ready!
Grant ready organizations should anticipate a grant maker’s expectations and work towards getting funders to trust that they can manage grants efficiently in a transparent and accountable manner.
The National Center for Charitable Statistics reports that approximately 1.6 million non-profits are registered in the US alone showing the intense competition to access limited funds. In addition to ticking off a basic grant readiness checklist, it is essential for non-profits to build a solid base and increase their competitiveness. This can be done through:
Certification to GFGP standard: The solution to achieving your grant readiness status
Non-profit organizations need to determine their readiness before going on a mission to seek for grants. Through evaluating and improving your organization’s grant readiness status, your organization will be able to: enhance its visibility and credibility and maximize prospects to attract more funding. Subject to a successful audit, your organization will receive a GFGP Certificate of Compliance from a licenced GFGP Certification body as a mark of excellence; demonstrating that your organization has robust internal policies, processes and procedures embedded in daily operational activities, and is “ready to be funded”.
The GFGP standard is one of the three components of the Global Grant Community (GGC), which is a platform of the African Academy of Sciences that uses the disruptive power of technology to digitize, standardize and de-risk funding globally.
Through the simplified and digitized pre-certification assessment platform, your organization can:
Getting ready to be funded is not a simple process but by following these guidelines, your organization will be better placed to be “grant-ready” and enhance its competitiveness in the funding landscape.
Blog written by Winfred Muasa, the Global Grant Community Program Officer at the African Academy of Sciences.