Your first research task is to find funders
whose giving interests match your organization's needs. This information
is available in various directories and databases that list grantmakers
by subject, type of support and geography. Directories and databases
contain information compiled from surveys, foundation publications
and tax returns.
In this first step, you will develop an initial prospect list by
skimming information about funders and their funding areas, support
types and geographic preferences. Ideally, your initial prospect
list should consist of 12 to 15 funders.
At your first experience with a particular directory or database,
we recommend that you scan the subject list before you begin. A
subject index lists funders by their field or program area. Examples:
arts, civic affairs, drug abuse, health services, mental health,
race relations, science and technology, theater, women, youth.
The types of support index lists funders' grant type (as detailed
in this site's section What
Do You Need Funding For?), including general
operating support, program or project support, capital
support, endowment
funds, grants to individuals, publications, restricted
project support, seed
money and technical
assistance.
The geographic index tells where a grantmaker funds. Most funding
is geographically based, so concentrate on local resources first,
usually the closer to home the better. Some grantmakers fund in
additional locations, nationally or internationally.
To identify possible funders and make an
initial prospect list, you will need to review a lot of information.
Compare information from various sources to develop a more complete
picture of the funders who donate to organizations and programs
that resemble yours.
Please note:
- information sources often classify subject terms differently
- many organizations and programs fall into multiple categories
While you want to be thorough, consider
this a broad sweep rather than going into too much depth.
In addition to formal research from sources
including the Donors Forum Library and Philanthropy Centers and
directories such as FC Search and the Directory of Illinois
Foundations, you will find significant value in by perusing
donor walls and lists, reading annual reports, and discussions
with other nonprofits and your board of directors.
Search
the Donors Forum Library catalog online
to see our materials and online databases accessible from the
libraries to help you research potential donors.
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