The Funding Life Corporation teams with multiple organizations and engages with educators, researchers and non-government entities to affect change in a wider variety of areas. The primary focus of our efforts is to help improve the quality of life for as many people as possible, and to bring people together with a restorative sense of community.
We employ multiple strategies across our enterprise so purposefully employ flexible processes to accommodate our diversified efforts. All of our grant programs revolve around collaboration and transparency. The areas within which we work often require support from multiple partners and related communities. Consequently we engage with our Grantees and partners in a spirit of trust and open communications. We join together in taking risks and searching for new and creative solutions to problems.
Once we identify an area of focus, we utilize a standardized process of continual discovery and program clarification which is completed in partnership with our extended community of team members to develop proposals that align with our strategic priorities and overarching goals.
Our project coordinators work to identify ideas that support our strategic research and development priorities. They search out and consult with recognized thought leaders as well as emerging researchers in each respective field and then consult with other partners in the field. The goal of this work effort is to create a conceptual mission plan. and feasibility determination. This process concludes with an internal feasibility determination and, if appropriate, a strategic partner alignment plan.
We use a variety of ways to explore and refine concepts, with the help of organizations in the field. Regardless of the approach, we are committed to understanding the perspective of others, in order to further shape the proposed body of work.
- Direct solicitation. When we know that an organization or an individual is well-suited to perform the identified scope of work, we may directly solicit an early phase concept proposal from that organization or individual.
- Consortium Development. In some cases, we invite one or more organizations to discuss the concept with us and explore their interest and their capacity to undertake the work. If those organization have the expertise, capacity, and interest, we may invite them to submit a collaborative concept proposal.
- Request for proposal (RFP): When we want to broaden our network or fund multiple organizations or individuals for a project, we may issue an RFP for that specific scope of work. In some cases we may issue a Multiple Award Contract (MAC), where a group of organizations and/or individuals compete to perform work on a program that is continuing to evolve or which might have a broader scope of effort. Individual task orders will then be issues out to the multiple award contract community for collaborative or competitive assessment. Public RFPs are posted on our website; private RFPs are directed to specific organizations.
We give applicants guidelines and templates for developing project proposals and budget proposals. A project coordinator is assigned to each development effort and is responsible for reviewing submitted materials with internal and, at times, external experts and works with the applicant to integrate recommended changes.
the Project Coordinator is responsible for conducting and completing our due diligence. They confirm the applicant organization’s tax status, determine how to structure the transaction, and assess potential risk.
Investment proposals are reviewed at various levels within our organization. A Program Director makes the final decision about whether to fund the proposed grant or contract. Before funded activities can commence, the foundation and the partner organization sign an agreement that includes intended results, targets, milestones or reporting deliverables, and a payment schedule.
During the life of an investment, the program coordinator and technical partners discuss how they will work together and keep in close communication to understand progress and challenges of ongoing work. By maintaining clear and consistent communication, the team is able to share feedback early and often.
At the end of the project, the partner will work with the project coordinator to submit a final report that summarizes the results achieved and lessons learned.