Future Funding

by Cynthia M. Adams, CEO, GrantStation.com

The Future Funding section of the LOI summarizes a plan for continuation after funds from this grant and others have been expended.

Not every project needs to address future funding, but it can strengthen your proposal by demonstrating that you won't be dependent upon one funding source forever. Most grantmakers are buying a piece of the future. It is in their best interest to see your project continue. (If their guidelines don't ask about future funding, you can add this information in the budget summary).

As you develop a funding strategy, remember that grants are not the only source of money for nonprofits. There are also membership dues, investment income, government contracts, program-related investments, earned income and numerous other methods of fund raising.

If, for example, you are building a new facility and part of that facility will be rented out to a certain organization, then you could mention the organization, and its commitment to leasing from you. This particular paragraph might read:

The Shelton Food Bank will build a 25,000 sq. ft....