Finish watching the Grantspace video (above). What else did you find interesting/helpful/beneficial?
Grantspace video included a lot of information that I found interesting or beneficial to learn more about grants and what work goes into funding non-profit organizations. One of the things that I found interesting was the fact that most funding comes from individual organizations and is usually not all from big funding groups. Most of the individual funding is around 77% (including both individual and bequests) which I thought was very interesting because of the fact that it’s a lot more than 50%. The second thing that I found interesting or beneficial to know was the third point in the video about how foundations have to give money away. IRS rules states that private foundations, in order to be qualified as a private foundation, have to give away at least 5% of the profits they made the year before. The more assets that they attain for the year, the more they will be required to give away and that is how the IRS regulates these foundations. The last thing that I found to be interesting or beneficial was the ninth point in the video where it talks about knowing someone who gives out grants is an easier way to get rewarded one. I thought this was beneficial mostly because when I was younger I had someone say to me “it’s not what you know, it’s who you know”. For me, that saying is coming full circle in this particular subject because it falls into that category as well. It really is who you know because if you know someone with a grant, they might work with you, or talk to other board members or donors for better recognition and credibility.
