Grant Writing Information

There are many grants in every community that a nonprofit could apply for funding.   Below are some places that your organization can consider and a sample grant application to help you get started.

Describe in a few sentences what your organization would use the funding for:

XYZ Organization will use funding to provide financial literacy / money management classes to low-income people in the XYZ Organization service area. The money will be used for the Money & ME curriculum, incentives, snacks/meals, training for volunteers, and childcare.

Describe in detail how the funding would be utilized and implemented: 500 words.

XYZ Organization recognizes that many low-income people do not have basic financial literacy skills which leads to poor money management. Often these people spend money on things they want instead of things they need. They have not learned the importance of savings or developing a basic budget. There are language and cultural differences between low-income and middle-income people. The Money & ME curriculum and training addresses these differences.

Money & ME was created specifically for low-income people. While it was in development, many focuses groups identified that there is a language difference between low-income and middle income. For example, if you ask a low-income person if they owe debt, he or she will typically say “no.” However, if you ask that same person if they owe money to a pawn shop, a pay day loan, or a friend or family member, he or she would say “yes.” Another difference is other curriculums talk about “finances.” This is another word that is not commonly used among low-income people. Money & ME addresses how people manage their money. The word “finances” is not used. Those are just two of the many differences that Money & ME addresses when teaching low-income people.

The Money & ME Program provides a “Train the Trainer” model to ANYONE who would like to help low-income people take control of their money. This training is an online training that focuses on three areas:

  1. Cultural sensitivity to low-income people.
  2. Content of Money & ME program
  3. Logistical: How to have a successful Money & ME program at any organization.

Another very important part in helping low-income people is to recognize the need to “incentivize” the program. Although it would be nice for low-income people to recognize that they need help with money management skills, that is not the reality. Many people calling the “Love INC Helpline” are calling because they need help with food and furniture. When asked if they would like attend a money management class the response is typically “they don’t need it.” The higher the incentive, the more likely a person is to attend the program. A minimum incentive to encourage attendance is $20.00. Typically, a third of the people that sign up for the program attend the program with a $20.00 incentive. With this grant, we would like to offer $30 to increase attendance at each program. It is unfortunate that an incentive is needed, but it is true and that needs to be addressed to ensure a successful program.

In conclusion, XYZ Organization would like to help low-income people, but our budget is limited. With additional funding, XYZ organization can train 4 volunteers at 2 sites. By having multiple sites and multiple programs throughout the year, people with transportation limitations are more likely to attend.   People in our community can learn basic money management skills.

Sample Budget (NOTE:  Cost will go down for each additional program because organization will have paid for Annual Subscription License and Train the Trainer Online training.

A pre and post-test will be done with every participant to measure skills learned. (i.e. price per ounce, building a budget, importance of savings, etc.)How will the anticipated results or outcomes be measured to evaluate the impact of the grant funding?  Limit 50 words

Sample Budget (NOTE:  Cost of program can be reduced the more programs are offered because of the annual subscription and training are paid for.)

Approximate number of people this project will benefit.

20

Specific population served by this project.

Low-income people as defined by federal poverty guidelines living within (define area).

Please describe the anticipated results or outcomes of the project.  Limit 50 words.

People attending the program will gain an awareness of their own spending habits and identify behaviors that can be changed in regards to money management. People will learn how to become smart shoppers and identify spending areas that could be changed.

Matching Grants

Some grants would like the organization to “match” the amount of money that is being requested.  Sometimes a non-profit doesn’t have the funding available to “match” the amount being requested in the grant.  Matching doesn’t have to be actual dollars.  It is important to look at the resources available to the non-profit and assign a value.

  • Volunteer labor
  • Facility Usage
  • Clean-up
  • Donated food for snacks or meals
  • Gifts in kind (promotional materials received for free from outside source, expert advice, donated materials, etc.)

Examples:

The average hourly value of a volunteer is $20/hour.  (You can look up what it is for your state online.)  If you need four volunteers helping eight hours each the value would be 4x8x$20=$620.   You can use $620 for volunteer labor for the matching grant.

A building charges $1000 for a day for other events but is willing to let you use it for free.  That is $1,000 you can use for the matching grant.

2019 Money & ME Pricing Sheet