Funding Sources Paper

651 words - 3 pages

University of Phoenix/BSHS/452 September 27, 2009 This paper will discuss the following by explaining the match between human service agency goals and funding guidelines, the importance and process of established social service agency and funder collaborative support toward securing funding and Requests for Proposals (RFPs) and funding agent guidelines. Agencies requesting funding must meet 501C nonprofit status pursuant to the IRS code and a copy of the IRS determination letter shall be submitted with the request for funding. Agencies requesting funding must submit financial statements, Profit and Loss Statement, and/or budget for current program year and the budget for upcoming program ...view middle of the document...

The RFP process creates formation to the accomplished decision and allows the risks and benefits to be identified openly. The RFP purchase process is longer than others therefore is used merely where its advantages outweigh its disadvantages and delays caused. The additional benefits of contributions from a wide range of functional experts guarantees that the solution chosen will match the company's requirements. The RFP may dictate to varying degrees the exact structure and format of the supplier's response. The originality and modernization that providers select to develop into their proposals may be used to evaluate providers proposals against each other, at the threat of failing to capture consistent information between bidders, and as a result getting in the way of the decision making process. Effective RFPs typically reflect the strategy and short/long-term business objectives, providing detailed insight upon which providers will be able to offer a matching perspective. Contacting the grantmaker before writing a proposal is...

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