I want an efficient way to evaluate funders

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6 ways Instrumentl can help you efficiently evaluate funders

1

Analyze a funder’s past giving trends by looking at their 990 report snapshots. These contain rich data on a funder's historical giving trends, so you can easily tell if they’ve awarded similar grants to your location, the historical grant amounts, and if they've awarded similar giving purposes to the funding purpose you are looking for.

Dashboard for The Ford Foundation showing key financial stats from 2010 to 2017 with total giving in dollars, peaking around 2013 and 2017 just over 500 million dollars, and a U.S. map highlighting the location of 2,992 awarded grantees in 2019, with New York state shaded darkest, indicating the highest number of awards.
Bar chart titled 'Top 10 NTEE Codes' showing funding amounts given over the past 3 years to organizations by NTEE code, with Ethnic Studies receiving the most at around $750K, followed by Women's Studies, Urban Studies, Interdisciplinary Research, International Studies, International Human Rights, Civil Rights, Social Action & Advocacy, Lesbian & Gay Rights, Urban & Community Economic Development, and Arts Education receiving the least funding, all amounts below $800K.
2

Review an organization’s NTEE codes and NTEE subcategories in a single glance: it is a great way to determine if the amount you are requesting is appropriate and aligned with the foundation’s giving history, and whether or not you're eligible to apply.

3

Check the average grant amount and median grant amount the funder has given in the past to assess whether or not this grant is worth pursuing. Sometimes foundations might fund more than their minimum, which is good to know.

Grant range and sizes snapshot for recent years showing most common grant at $25,000, minimum $2,500, median $43,889, average $67,324, and maximum $1,250,000. Bar chart displays number of grants awarded in the past 3 years by range: under $5K about 90, $6K-$20K about 120, $21K-$50K about 195, $51K-$99K about 160, $100K-$499K about 110, $500K-$1M about 110, and $1M+ about 80 grants.
Silicon Valley Community Foundation 990 report showing past awards received for 2020, including Alaska Airlines Foundation grant of $20,000 for addressing economic impacts of COVID-19 in Alaska, and American Online Giving Foundation Inc grant of $64,434 for general support.
4

Use Recipient Profiles to look up any grant recipient and see their list of funders. With this type of reverse search, you can also analyze the geographic distribution of past grantees, and build a whole new list of prospects in minutes and find more good-fit funders faster.

5

Analyze the ratio between new and repeated grantees by looking at the funder's historical giving. This can give you an idea of how open they are to new nonprofits that don't have a track record of successful projects.

Stacked bar chart titled 'Openness to New Grantees - Total Giving' showing the number of grants from 2012 to 2019, divided into new grantees in teal and repeat grantees in purple, with a note that 23.44% of awards in the past 3 years went to new grantees.
Screenshot of a saved grant tracker for Environmental Protection; Wildlife Preservation - Animal Welfare by Horne Family Charitable Foundation, showing deadlines, grant amount $5,000 to $25,000, fields of work, applicant type nonprofit, and a 990 tax filing snapshot with past grantees, median grant amount, and funder address. The right side displays project info set to Animal Advocacy, a notes box, status marked as Researching, tasks section, and documents upload area with files named category.png, grant_planning.xlsx, q3-status.xlsx, and team_report.pdf.
6

Effectively record and store research you've conducted so that you can reference it later, discuss it with your team, and prioritize your grant opportunities.

Did you know you can increase your grant output by 1.5X by using Instrumentl as your institutional fundraising platform?

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Close-up of a person with curly brown hair, wearing bright purple lipstick, looking directly at the camera with a neutral expression.
I started getting all these emails—you have new matches, you have new matches… So I go into Instrumentl and I’m thinking to myself: holy cow. After an hour or so of looking at those foundations, I go to my ED’s office and I say—I want to buy this. I want to have this.
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‍- Toni Curry, Development Director at Pro-Choice North Carolina
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What else would you like to do?

Instrumentl is much more than just a grant research tool. Here's why nonprofits love using Instrumentl for grant management all year round: