A proposal for funding, which is usually submitted to a potential donor, is a document or application, primarily used to apply for a loan in order to complete a particular project. A well written proposal for funding will enlighten the donor, all the essential details about the planned project.
So, before start writing a proposal for funding, it is crucial to carry out adequate research, planning, and thinking. Usually, the proposal for funding is to convince someone, about the organization, its new project, and the feasibility of the project. More than the description of the proposal, it has to be done in a manner that will influence the donor to give money.
Every proposal for funding is individually customized to the funder, yet there are many basic set of laws which applies to all the proposals. A proposal for funding should principally include, who the organization is, the identity of the organization, the strength, weakness, and opportunities (the SWOT analysis), and the past record of the organization; all these will give the donor a confidence that the organization is a “good risk”. So the outlook of the proposal should be in such a way that the problem undertaking in the areas specified in the proposal is important, and that the probable outcomes are important.
The main points to be incorporated in the goals and objectives of the proposal for funding are the aim of the project, how it can be achieved, and who all the beneficiaries are.
The main sections which have to be incorporated in a proposal are the project title, overview, information about the organization, problem identification, the details of the project, resources available, resources needed, an evaluation plan, appendices, and bibliography/references.
The goals and objectives, problem identification, opportunity to deal with the problem, the qualification of the organization to address the concern, and methods are reflected in the main body of the proposal for funding. There should be a well balanced relationship between the method described in this section and the objective mentioned earlier.
The main points to be incorporated in the Resources needed section are personnel, facilities, equipments, budgets and equipments.
All the significant information which helps to support the viability of the proposal but need not be in the main section should be incorporated in the appendices. For example; the work plans, organization’s annual reports, all the financial and statistical reports, the organization chart, letter of support, and every other reports which will help to create the organization’s credibility and the projects viability.
In summary, a proposal for funding needs to prove that the organization is a sound and responsible one, skilled to carry out its objectives.