metrics to drive grant performance · 2019-09-12 · • social media sites. fr ... •do you set...
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Metrics to Drive Grant PerformanceTammy TilzeyDirector, Foundant for Grantseekers
Diane Demarest Director of Grant Development, Jannus, Inc.
We will address:
• Clarifying your grants goal
• Metrics in the field of grant writing
• Data driven metrics
• Gather and analyzing your data
• Looking ahead – benchmarking grant performance
Do you know your goal?If you don’t know where you’re going, you’ll probably end up somewhere else!
• What does your organization expect?
• How is it quantified?
• How do you know if you’ve succeeded?
• Should you be asking? Or telling?
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• 23% of your Budget?
• X times Grant Writer’s Salary?
• 10% more than last year?
• 18% of what you submit?
• How much you need to meet your budget?
What ‘Should’ Be our Grant Award Goal?
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S e t t i n g Ta r g e t s f o r G r a n t F u n d r a i s i n g G o a l s
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Recipe
TRACK WHAT YOU ARE DOING TODAY
COMPARE WITH BENCHMARKS
USE DATA TO SET FUTURE GOALS
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How do you track grants?
❑ Excel Combo: Excel Spreadsheets + Calendars + Binders + Whiteboards + Stickies + File Systems
❑ Grant Database, Donor Management System (DMS/CRM)
❑ Fiscal Office Reports
❑ Nothing Yet
Essential Grant Metrics Dashboard KPIs – Key Performance Indicators
• Basic Status:• Number / Amount grants Submitted • Number / Amount grants Awarded vs Denied• Win Rate
• Key Variables to Break Down:• Type of Funder (Federal / Foundation / Corp)• Repeat Funders vs New Funders• Which Program / Initiative Funded
• Growth Initiatives:• New Funders Researched / Applied to• Average Amount Awarded• Contacts / Meetings / Etc to Build Relationships
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https://resources.foundant.com/grantseeker-resources/8-grant-reports-metrics-kpis
• Monthly Activity Reports
• Number of LOIs & Grants Submitted
• Number of Funder Reports Submitted
• Progress on Goals: Year-To-Date
• Amount Awarded/Denied/Submitted/Planned
• Update on Initiatives
• Professional Development
• Grant Management System
• Capacity & Resource Planning (hiring, outsourcing, interns, etc.)
Tracking your Progress Towards Goals
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Track Your Information
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Funders: Elements to Track
• Deadlines
• Decision Process
• Funding History
• Funder Name• EIN / 990s• Funder Type• “Buckets” (Repeat, Strategic, New)• Areas of Interest• Geographical Focus• Min/Max Funding• Key Contacts / Board Members• Address• Website• Social Media Sites
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Grants: Elements to Track
• Funder Name• Grant Name• Key Contact at Funder• Submission Link / Login• Owner• Status (Pending, Awarded, Denied)• Type of Funding• Restrictions• Programs Funded• Award Details (Matching, Multi-Year, etc.)• Reporting Requirements/Deadlines
• Amounts• Amount Requested• Amount Awarded• Amount Received
• Dates:• Proposal Deadline (Or Open)• Date Submitted• Decision Date• Date Received• Grant Term
PRACTICE DATA
Data for Gina Grant Writer's Non-Profit
2016 2017 2018 2019 Projection
Grants Status of Submissions by Count
# Awarded 15 20 25
# Denied 10 10 20
Total Submitted 25 30 45
Calculate Success Rate 60% Awarded/Submitted
Grant Status of Submissions by Dollars
Total $ Awarded 750,000$ 900,000$ 1,000,000$
Total $ Denied 325,000$ 375,000$ 375,000$
Total $ Requested 1,075,000$ 1,275,000$ 1,375,000$
Success Rate 70% $ Awarded/$ Requested
Applied by Source
Private foundation 22 19 30
Corporate grantmakers 2 5 7
Government (Fed, State, Local) 2 6 8
Total Submissions 25 30 45
How has % of Foundation Grants changed?
D a s h b o a r d s a n d g r a p h s
Exploring Ways to Share Your Data
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Sharing Your MetricsA dashboard view is a good method to quickly monitor your Key Performance Metrics.
• Describing grants at different stages
• Quantify and visualize your efforts and results
• Comparing year over year
• Making a case
• Projecting for future year
• Preparing to visit with a funder – what is your history with them?
• Reporting to your board informs fiscal decisions.
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Grants by StageA summary of what stage each grants and sponsorships applications are at one point in time, is a good progress update of your grant efforts over time .
Phase Research Planned In-ProgressLOI
SubmittedProposal
SubmittedAwarded Denied Pending Closed
Number Proposals July 1, 2018
25 10 3 1 14 9 3 2 5
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Meaningful DataChoose the data that supports the story you want to tell.
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Based on this information what does the grant writer’s success rate look like?
Awarded / Awarded + Denied = Success Rate
53 / (53 + 34) = 60.9%
Meaningful DataThe data you choose can tell more than one story.
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$8,483,218
$2,735,110
$4,935,911
$1,174,501
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
$8,000,000
$9,000,000
Comparison by Status July 1, 2018-April 30, 2019
Awarded
Denied
Pending
In Process
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Based on this information what does the grant writer’s success rate look like?
Awarded / Awarded + Denied = Success Rate
$8,483,218/ $11,218,328= 75%
53
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Overall success is about 64%
(numbers of grants) but when
you compare the success in
each source – about 50%
success rate for Corporate
and 53% for Foundation
grants but among
Government applications 86%
are successful.
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Ways to Describe Success
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Another way to illustrate the data
S e t t i n g Ta r g e t s f o r G r a n t F u n d r a i s i n g G o a l s
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Recipe
TRACK WHAT YOU ARE DOING TODAY
COMPARE WITH BENCHMARKS
USE DATA TO SET FUTURE GOALS
Benchmarking
• Did you follow someone who left a good record?
• Do you set your goals based on your previous year’s performance?
• Consider State of Grantseeking Survey to benchmark against national trends.
The 2019 State of Grantseeking Report; Grant Station https://grantstation.com/sites/default/files/2019-05/The%202019%20State%20of%20Grantseeking%20Report_0.pdf
• Size of organization budget
• Type of organization
• % of budget made up by grant funding
• Foundation v. Government (Private v. Public)
• Size of largest grants
Compare apples to apples!
Benchmarking Parameters
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State of Grantmaking Survey Defines Agencies this way:
Budget Range Range Name % of Respondents Median Budget
Under $100,000 Small 19% $40,000
$100,000 - $999,999 Medium 35% $350,000
$1 Million - $9,999,999 Large 31% $2,770,350
$10 Million - $24,999,999 Very Large 7% $14,500,000
$25 Million and Over Extra-Large 9% $65,000,000
Benchmark for Comparison
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Sources of Awards Very Large Org Data New Hope Data
Federal Gov 36% 59%
State Gov 22% 31%
Local Gov 6% 0.30%
Private Foundation 29% 9.6%
Corporate 7% .13%
Total 100% 100%
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Mix of Funding Sources as % of Grant Budget
Indicator (Medians) Grantseeking Report
Largest Federal Gov Award $425,00
Largest State Gov Award $150,000
Largest Local Gov Award $ 92,000
Largest Foundation Award $ 50,000
Largest Corporate Award $ 25,000
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Data for A Very Large Organization
**These are all the Medians of the largest award of all survey respondents (the number in the middle of a set of numbers.
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Median v. Average AwardsGina Grant Writer's Data
Grants
Awarded
2016
Average
Grant 2016
Median
Grant
2016
Total 15 $50,000 $20,000
$250 $250
$250 $250
$300 $300
$1,000 $1,000
$1,500 $1,500
$2,900 Avg w/o $2,900
$8,300 Outlier $8,300
$20,000 $26,785.71 $20,000
$25,000 $25,000
$25,000 $25,000
$30,000 $30,000
$35,000 $35,000
$75,000 $75,000
$150,500 $150,500
$375,000 $375,000
$750,000 Total $750,000
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How does New Hope compare?
Indicator Grantseeking Report Largest Median Award
New Hope –Largest Awards
New Hope-Average Award
New Hope-Median Award
Largest Federal Gov Award $425,000 $2,041,613 $379,925 $187,500
Largest State Gov Award $150,000 $2,458,154 $ 285,744 $45,000
Largest Local Gov Award $ 92,000 $18,000 $ 7,600 $ 5,000
Largest Foundation Award $ 50,000 $112,403 $ 27,250 $ 17,250
Largest Corporate Award $ 25,000 $5,000 $ 2,600 $ 2,500
Gearing Up for Capacity: https://resources.foundant.com/granthub-documents/gearing-up-for-capacity
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What Benchmarks Would Meaningful for you?
- for your Supervisor?
- for your Board?
Giving USA 2019 Report
https://givingusa.org/giving-usa-2019-americans-gave-427-71-billion-to-charity-in-2018-amid-complex-year-for-charitable-giving/ 30
S e t t i n g Ta r g e t s f o r G r a n t F u n d r a i s i n g G o a l s
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Recipe
TRACK WHAT YOU ARE DOING TODAY
COMPARE WITH BENCHMARKS
USE DATA TO SET FUTURE GOALS
What’s Next? How to use your metrics:
QualityEstablishing metrics to establish a solid, repeatable, and proper grant process.
• The percentage of grants that went through proper signoff and have all important grant documents archived.
• Number of staff trained in tracking, grant writing, evaluations
• Number of LOIs that were invited for full proposal
ROI (Return on Investment)You can use your metrics to predict the return on investment for additional tools & resources to continue building your sustainable grant practice.
• Show the impact of professional development –has your success rate changed?
• Show impact of grant management system – can you submit and manage more successful proposals?
• Estimating the number of number of proposals one FTE can complete in 1 year.
• Setting a benchmark for minimum size grants to go after (I.e. nothing under $25k). When you look at the time invested in small grants that are awarded you could still end up ahead by doing them.
33Metrics to Drive Grant Performance: https://resources.foundant.com/blog/metrics-to-drive-grant-performance
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Bonus: Using Your Metrics to Get Support for a Tracking Solution
• Opportunity Costs: Have you ever missed a grant application deadline? A report due date?
• Capacity: Do you struggle to quickly articulate the work required to successfully execute on your grant process to meet your fundraising plan?
• Strategic Growth: Are you looking for strategies to be more effective, to increase the maturity of your grant process?
• Funder Support: If you present your need for a better solution, you could get assistance with related costs. Here is an outline of how to approach this: https://resources.foundant.com/granthub-documents/gearing-up-for-capacity
QUESTIONS?
Thank You
ResourcesGPA Strategy Paper: Designing Performance Metrics for Grant Professionals: Recommendations from the field: http://www.informz.net/GPASSOC/data/images/Strategy%20Papers/Strategy_Papers_Volume_6_Issue_2.pdf
8 Grant Reports (Metrics and KPI’s for Grantseekers): https://resources.foundant.com/resources-foundant-corporate/8-grant-reports-metrics-kpis
Metrics to Drive Grant Performance: https://resources.foundant.com/blog/metrics-to-drive-grant-performance
Gearing Up for Capacity: https://resources.foundant.com/granthub-documents/gearing-up-for-capacity
The 2019 State of Grantseeking Report; Grant Station https://grantstation.com/sites/default/files/2019-05/The%202019%20State%20of%20Grantseeking%20Report_0.pdf
Presenter Contact Information:Tammy Tilzey [email protected] Demarest [email protected]