FoundationSearch provides Best Foundation Funding an analytic tool (My Best Prospects, or MBP) that greatly speeds up the review and ranking process—analysis of tens of thousands of foundation prospects is reduced to minutes rather than months of effort. Basically, this tool takes the prospect worksheet concept, integrates it with the rating/scoring aspect, and—here’s the best part–automates the entire process.
The tool allows you to input your specific project criteria, including project or recipient location, granting category, grant size, giving interests, and types of support. It then takes those criteria and evaluates every single funder in the database, and scores each of them on how well their past funding history matches your project criteria.
It also rates the funders’ granting histories, by checking out whether they’ve given more grants to new recipients as compared to old (i.e. repeat) recipients. And lastly, the tool also checks to see whether the funders are increasing or decreasing giving to your granting category through time. Some funders won’t make the cut, but the ones that do are ranked in descending order by relevancy to your project, and by funding frequency to your project criteria.
With the FoundationSearch tool, the best prospects are selected automatically for you, and presented in a ranked list of the 250 best prospects, with research profiles related to your particular project criteria for each.
So what does all of this analysis achieve? Good, timely funder analysis will increase your chances of getting funding by enabling you to focus on funders most likely to fund your project. Seems obvious, yes? For those who are time-pressed, narrowing the list down further to focus on funders with immediate deadlines can also benefit .
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