2009 was a difficult year for many churches and Christian ministries and 2010 should prove equally challenging. Many ministries have seen a dip in donations and have had to limit expenditures and make hard decisions on new programs. We realize that organizations feel like they do not have the financial resources to direct toward grant development at this time. However, we know that implementing a grant writing strategy is more important NOW than ever.
Several factors lead us to this conclusion:
The Market is cyclical…just as many foundations lost money in the current market many others will gain as the market turns. Over 3,198 NEW Foundations started in 2009 alone with assets totaling over $2.3 BILLION. Many of these foundations are endowed and many are invested in the stock market. They started investing in this very low market and will see a HUGE increase in resources over the next few years.
These NEW foundations have less-established giving habits and are ripe for you to begin to develop relationships with.
Many organizations “got caught” by the economic downturn. They secured nearly all of their funding through one strategy (individual donors, service fees, church missionary support, etc.) and had no contingency funds or plans for when this funding source became stagnant or contracted. Grant funding is not the solution…it is part of the solution as a diversified funding strategy for your organization. NOW is the time to start to implement a diversified funding strategy, preparing for the future, so that future economic instability does not threaten the future of your ministry.
Here-4-You Consulting & Grant Writing is offering huge discounts to organizations in honor of our 10th Anniversary.