The Grant Doctors 365

The Grant Doctors 365 / 101620

Grant-funded initiatives rarely last forever. The big mystery is how to keep the momentum rolling after initial funding ends. And, what should sustainability look like? Does it mean continuing a program at 100% strength or can it be downsized to a point where existing funds and other sources of revenue can support it? Here are a few keys to sustainability: First, start by conducting a funding assessment. What funding do you currently have available that could be redirected to supporting your new program after other funding expires? Everything should be on the table. Second, blended funding is your friend. Don’t launch new programs with a single funding source. Third, develop programs with scalability in mind; that is, design them so they can be easily expanded and contracted based on available funding and demand. Fourth, income generation is also your friend. Consider how your programs can generate revenue to offset some expenses. Fifth, explore new frontiers. Always keep your eyes and ears open for new funding opportunities and new ways to partner with other organizations.