Grants Assist Australia is a grant writing team with a centralised database containing over 1000 grants offered by the Federal, State and Local governments, philanthropic organisations and other institutions that offer a helping hand to businesses in need.
Additionally, access the most up to date information when it comes to grants, subsidies, incentives, scholarships, rebates, concessions, and more are available through Grants Assist. In the following article, Grants Assist Australia reviews how to create a compelling grant budget, detailing the best steps for approval.
Crafting a grant budget that can help achieve financial goals, especially in today’s day and age, can be a welcome breath of fresh air in one’s world of payments and savings.
Grants Assist Reviews that it is critically important that any grant budget meet the stringent standards of planning and intentions which grant makers need to see to approve the proposal. Creating a compelling grant budget starts with knowing the guidelines, the cost of a project, the revenue it may bring in, and presenting this information clearly.
In this article, Grants Assist Australia reviews that it will be clear what a budget-planner should know and how best to communicate the need for a grant.
How to Craft a Compelling Grant Budget
Grant budgets are an incredibly important, foundational step for getting a grant for any non-profit project. Unfortunately, crafting one that is compelling and interests the grant maker is not always easy.
It can be more than a little tricky to know what information to begin gathering, much less how to communicate it and what the focus of the budget should be. With that in mind, Grants Assist reviews a list of steps needed to craft a compelling grant budget on the road to success!
- Know the Guidelines
- Know the Cost and the Payback
- Communicate Effectively
In the following summaries, Grants Assist Australia reviews each step in more detail so that the path to crafting a compelling grant budget will be smooth and easy to travel along.
Know the Guidelines
If a person creating a grant budget does not understand the guidelines for that grant, it does the opposite of compel whoever reads it. In fact, it demonstrates a lack of interest in what the person making the grant wants or expects, and an overall lack of planning.
To avoid this, Grants Assist Australia reviews that the planner should look at the eligibility of the organisation. Is the awardee in a good location, geographically, or does it fit the organisation offering the grant’s values?
Make sure that the amount listed aligns well with what the project needs, and pay attention to anything that the grant should not be used for.
Know the Cost and the Payback
Another area of knowledge and mindfulness that should be established, and then communicated in the budget for the most compelling results, is the cost of the project.
Grants Assist reviews that it is important to get exact numbers on not only the price of assets needed for the project, but also the amount of time for each individual involved. Be very specific.
The same goes for the projected revenue of the non-profit cause. Exact numbers detailing sources of revenue and how much they will bring in can only help the cause of a person seeking a grant.
Finally, it is time to bring all of the information gathered together in a way that is as compelling as possible. Make sure the actual numbers in the budget (i.e. cost, revenue, time spent) are reflected perfectly in a narrative that explains each aspect.
Make sure everything that is in the written narrative in terms of numbers is also in the spreadsheet of costs. Grants Assist reviews that this builds trust, as well as the sense that the person receiving the grant has a firm grasp on all the variables of the project.
The most important factors to remember when learning how to craft a compelling grant budget is to gather all of the necessary information. This will help anyone who hopes for their grant to be approved to communicate very clearly, which will add to the overall compelling grant budget that merits approval.
Grants Assist Australia reviews that this information includes the guidelines necessary for the grant itself, proving that the person seeking the funding understands the interests of the grant maker. Other things necessary to learn and communicate are the cost of one’s own project in great detail, as well as what one hopes to gain out of the project.
All in all, the key to crafting a compelling grant budget is to know the right information so that communicating it in a clear, trustworthy way through the grant budget is easy.