Altum is delighted to share the results of the Spring 2015 State of Grantseeking report, conducted in partnership with GrantStation.
The Spring 2015 State of Grantseeking survey found that there was a decrease in the rate of funding from most sources, including a 2% decrease in funding from community foundations and a 4-5% decrease in funding from all government sources.
While foundation giving reached an estimated $54.7B in 2013 and 2014 giving is expected to be higher, grantseekers report challenges when pursuing grants, including lack of time and staff to pursue grants and increased competition for funding.
Other key findings from the survey include:
- The median largest grant awarded was $43,800, the lowest since Spring 2011;
- Grant funding comprised a greater percentage of the annual budget for medium-sized organizations than for either small or large organizations;
- Frequency of funding from different sources correlates to organization size. For example, while 18% of small organizations (budgets under $100,000) report that their largest award source was community foundation grants, 43% of extra-large organizations (budgets over $25 million) report that their largest award source was the Federal government;
- Organization focus area suggests types of funding sources to pursue. For example, arts and culture organizations may want to target local government grants in addition to private foundation grants, while animal-related organizations should focus primarily on private foundations.
Download the Spring 2015 State of Grantseeking Report.
Organizations using PhilanTrack reported higher success rates than the average organization in the survey. Specifically:
- PhilanTrack respondents reported sources of funding at rates ranging from 13% to 80%, compared to 11% to 76% for all organizations. In other words, PhilanTrack users received funding from all grant sources at rates higher than the average survey participant;
- The median largest award for PhilanTrack organizations was $49,945, 14% higher than the median largest award for all organizations in the survey.