Relying on grants

Description

Relying on grants involves securing external funding from governmental, philanthropic, or institutional sources to support specific projects, operations, or organizational sustainability. This strategy addresses financial shortfalls, enables program expansion, and supports innovation where internal resources are insufficient. Essential actions include identifying suitable grant opportunities, preparing compelling proposals, ensuring compliance with funder requirements, and managing awarded funds effectively to achieve targeted outcomes and demonstrate impact, thereby remedying resource constraints and advancing organizational objectives.