Ep. 58: How to Knock your Letter of Inquiry out of the Park in 10 Steps!

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Hi Changemakers, A Letter of Inquiry is a gateway to funding. This Letter of Inquiry, not to be confused with Letter of Intent, can be the difference between a foundation accepting a full application from your nonprofit or shutting you down. These are 10 steps to Write a Successful Letter of Inquiry that will secure your Invitation to Apply for a Grant #1 Alignment You will normally find requests for Letters of Inquiry from private foundations. Basically, they want to get a snapshot of what your nonprofit is all about before they consider inviting you to share more in a full proposal. Just because there is tons of money out there, doesn’t mean you should apply to every single foundation in the world. #2 Overall Tips on Format Be succinct. No flowery prose here. Be logical and make sure you include an objective, goal, and budget. Do not use cute, flowery, or whimsical language. Save that for your blog or journal. #3 Salutation Include the date you are submitting at the top of the page, as well as the person’s name and title of who it should be addressed to (find a NAME – never just write ‘To Whom it May Concern’), and the address of the foundation. Utilize the good ole' fashioned, “Dear NAME of PERSON”. #4 Introduction (one short paragraph) Unless otherwise required by the foundations you will include steps #3 through #9. Your opening paragraph is where you get the attention of your reviewers from the foundation. Keep this paragraph very short. Do not explain the need and how you will roll out the project, yet. #5 The Need or the Why (2-3 Paragraphs) You’ve already stated what you need, now state why you need it. Give a few stats to back up the need. Try to utilize stats or surveys that are within the previous five years. #6 Project (2+ paragraphs) Explain your goal List the objectives List the activities List your partners #7 Outcomes and Evaluations (1–2 paragraphs) What are the main outcomes? How will you evaluate this? #8 Validation of your Nonprofit (1–2 paragraphs) The last part is where you get to explain why your nonprofit is a rock star. Tell why your nonprofit is the best to carry out the activity. #9 Budget (1–2 paragraphs) Most funding sources would like a snapshot of the budget. If you have space include a little snapshot of a graph of the money. #10 Conclusion (1 short paragraph) Provide a ‘Thank you’ and appreciation for the reviewer’s time. Also include a contact name, email address and phone number. These are the 10 steps to completing a successful Letter of Inquiry. The other thing is by doing this Letter of Inquiry you really have to get clear on your project. The 15-page grant will feel like a cinch after doing this Letter of Inquiry! Favor, please? If you love this podcast, would you please do me a favor and leave a review on iTunes or your podcast listener? This helps others find the podcast and I read each and every review! If you have any questions, feel free to email holly@grantwritingandfunding.com I’d love to connect with you! YouTube: https://www.youtube.com/channel/UCWzIfwJt0az9KKwKz1Uc8vg Instagram: https://www.instagram.com/hollyrustick LinkedIn: https://www.linkedin.com/in/holly-rustick-0765b817/ Facebook: https://www.facebook.com/grantwritingandfunding/ Pinterest: https://www.pinterest.com/grantwritingandfunding/ Thanks for listening! Holly Rustick Expert Grant Writer & Bestselling Author https://www.grantwritingandfunding.com/ ✨✨ Visit www.grantwritingandfunding.com to get the proven G.R.A.N.T.S. formula to write winning grants ✨✨