We are improving our process for making and managing grants and other investments. Our goal is to increase impact and provide more time to innovate and build strong relationships with you, our partners, to ultimately achieve results for the people we serve, together. The Funding Life Corporation recently launched a standard, streamlined process that will be used for most 2019 grants and direct charitable contracts.
We do not make grants outside our funding priorities. In general, we directly invite proposals by directly contacting organizations pr individual Principal Investigators. We might occasionally award grants through published Requests for Proposals (RFPs) or letters of inquiry, but this is the exception not the norm.
Our new process is designed to focus documentation and analysis on the key topics and to reduce unnecessary work. The process helps us work more effectively internally, reducing questions of grantseekers and rework late in the development of an investment.
As part of our operating model, we delegates decision making on grants and contracts to leaders across our organization. With our new process, decision makers are identified at the early stage of an investment. Check-in points are built in to help ensure that decision makers are informed about and can raise questions during development, rather than holding all questions until the end.
What we do not fund...
The majority of our funding is proactive and made to U.S. tax-exempt organizations that are independently identified by our staff.
Please keep in mind that although your project may appear to fall under the guidelines of what we fund, the area of funding may not accept unsolicited proposals.
Examples of areas the The Funding Life Corporation does not fund:
- Political campaigns and legislative lobbying efforts
- Projects that exclusively serve religious purposes
Q. What documents will grantseekers need to complete?
A. The typical set of documents includes a proposal narrative, a budget and narrative, and a results framework and tracker. The grantseeker may also complete a concept memo at a very early stage to outline an investment.
Once a grant is approved, the grantee will typically rely on the results tracker, progress narrative, and fiscal reports to report formally on progress, challenges, and financial status.
Q. How will investment results be measured and reported on?
A. A quarterly progress report is utilized to help the prospective grantee plan for how they will measure results (i.e. outcomes and outputs) and report on progress against them over the course of the investment. This report will be used during the investment development and management phases of the grant. The Progress/Final Report Narrative will also be used by the grantee at each reporting period to provide a descriptive summary of progress toward results.