A grant proposal is a formal and detailed request for access to funds. The funds may come from a variety of sources - either the government or other private institutions. A grant is a means by which the government or another institution offers financial assistance to individuals or other organizations with the aim of using the money for a specific project. Depending on the organization offering the grant, the topic and scope of the project varies widely.
The specific details regarding the application for a grant also depends on the organization offering the funding. In some cases, one only has to initially fill out an application form to determine if the project is qualified for a grant. In many cases, though, the applicant has to submit a full grant proposal, which outlines the project together with the possible costs involved. Funding organizations usually have a document called a Request for Proposal, which will tell applicants exactly what is needed to submit a grant proposal.
Some salient points that have to be included in most grant proposals are:
- A cover letter which will serve as a summary for the entire grant proposal
- An outline of the needs and goals of the project
- A detailed plan of action, including costs.
Writing a grant proposal is a skill and usually requires experienced people in the field. There are professional grant writers offering their services to people who want to apply for a grant. In most cases, it is better to take on their services to ensure that your grant proposal is well-written, which only help increase your chances of getting a grant.