Point One: Something they mentioned in the beginning of the video that stuck with me is that in order to receive grants, the nonprofit must be able to display a sustainable income (one that does not solely depend on grants). They explained that the sustainable income is largely made up of individual donations and bequests, which also come from individuals. Grants and foundations actually only make a small portion of the chart of where a nonprofits income originates.
Point Two: Private foundations are not alike to one another, but they often consist of three main types (although others also exist). The speaker split the three main ones into Independent, company-sponsored, and operating. Independent (private) foundations supply their funds mainly through one individual, a group of individuals, or a family. They often have their name tied to the foundation (one example being Ford) and are small because of the amount of individual/family involvement and staff. Secondly, company-sponsored or corporate foundations gather their funds through contributions of a for-profit business. Although funds are received from the company donors, the foundation remains separate from the business (example being Home Depot Foundation). Lastly, operating foundations, which award grants but are typically smaller than others because of funds also being used for their programs/mission. Examples of these are often museums and zoos.
Point Three: The last thing I found important from this video comes in at their sixth step, tailoring your proposal and grant approach to each foundation. The speaker describes as “one size DOES NOT fit all.” Doing this allows the nonprofit to be more effective in winning grants because the materials feel more personalized/accessible to the foundation. An individual wants to avoid making a template or copy that is then sent to various foundations.
