What are some of the tools and resources that you use to research and identify social impact funders?

1 Define your funding needs

Before you start looking for funders, you need to have a clear idea of what kind of funding you need, how much, and for what purpose. Different types of funders have different criteria, expectations, and processes, so you need to align your funding needs with the most suitable sources. For example, do you need seed funding, growth capital, or operational support? Do you need grants, loans, equity, or a mix of them? Do you need unrestricted or restricted funding? Do you need short-term or long-term funding? Answering these questions will help you narrow down your search and target the right funders.

2 Explore online databases

One of the most convenient and comprehensive ways to find social impact funders is to use online databases that collect and organize information on various types of funders, such as foundations, corporations, government agencies, or impact investors. Some of the most popular and reputable online databases for social impact funders are Candid, Foundation Directory Online, GrantStation, and ImpactBase. These databases allow you to search for funders by location, sector, issue, size, type, and other filters, and provide detailed profiles of each funder, including their mission, funding priorities, application guidelines, and contact information.

3 Network with peers and experts

Another effective way to find social impact funders is to network with peers and experts who have experience or connections in the field. You can join online communities, forums, or groups that focus on your topic or sector, and ask for recommendations, referrals, or feedback on potential funders. You can also attend events, webinars, or workshops that are relevant to your field or sector, and meet funders or intermediaries who can introduce you to funders. Networking can help you build relationships, gain insights, and increase your visibility and credibility with funders.

4 Research funder websites and reports

Once you have a list of potential funders, you need to do more in-depth research on their websites and reports to understand their goals, strategies, and preferences. You can look for information such as their vision and mission statements, their theory of change, their current and past grantees or investees, their impact indicators and outcomes, their funding criteria and process, and their application forms and deadlines. You can also read their annual reports, newsletters, blogs, or social media posts to learn more about their activities, achievements, and challenges.

5 Prepare your pitch and proposal

After you have done your research, you need to prepare your pitch and proposal to convince funders that your project or initiative is worth supporting. Your pitch and proposal should be clear, concise, and compelling, and highlight your unique value proposition, your social impact goals and metrics, your team and partners, your budget and timeline, and your sustainability plan. You should also tailor your pitch and proposal to each funder, and address their specific interests, questions, and expectations. You should also follow their guidelines and instructions, and submit your pitch and proposal before the deadline.

6 Follow up and build relationships

The last step is to follow up and build relationships with funders after you have submitted your pitch and proposal. You should thank them for their consideration, and provide any additional information or clarification that they might request. You should also keep them updated on your progress and achievements, and invite them to your events or activities. You should also be open to feedback, suggestions, or opportunities for collaboration from funders. Building relationships with funders can help you secure funding, increase your impact, and create long-term partnerships.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?