Let us define what Grants are; according to the business, dictionary.com, grants are: bounty, contributions, gifts, subsidy, in cash or kind bestowed by a government or other organizations for specified purposes…In a nutshell, grants are given to fulfill certain purposes within a specific community or geographical location.
The next question is, “How do I get money from a grant giver to complete my album, buy studio equipment, etc.?” The only way to do that is to find a project you can fulfill in a community, get a grant, deliver the project and as a result of this, earn some money which you can use to do whatever you like. No one (not many sources) will give you grant money directly for your album, studio etc.
Still interested? Grants can be a great source of money for those businesses that are very astute about raising money. So here are 3 pointers that will help.
Deliver a Project that Fits Your Area of Expertise or Skill Set. When you are thinking of getting a grant, consider what you would like to do for that money. If you are a vocalist would you like to teach disadvantaged young boys/girls how to sing? Perhaps even teach singing at the old people’s home. Think about this, If you are in a band and you are the guitarist, are there certain groups of people within the community you could teach how to play as a form of recreation? If you are a dancer why not consider keeping people off the streets by teaching them how to dance. If you can deliver projects that benefit other people and you can align this with what the funders want to do then you will get a grant sooner or later.
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Research the Funder.The people who give grants are called funders. The reason they were set up was to give money for particular causes. So before you apply for money from anyone, you need to understand what they are willing or not willing to fund. This information will be readily available on their websites. If you are unable to match what you can deliver with what they are willing to fund, then do not apply. Many people make the mistake of thinking I’ll apply anyway and see. This is futile, a complete waste of valuable resources. Keep looking; you will find sources of funding that meet your requirement. Find me online and I’ll give you a list of funders.
Deliver the Project Well.Finally when you have received the funds make sure you deliver it well. Your ability to raise future money is tied up with how you have delivered your past projects. If you go away to Hawaii instead of delivering the project, that could be the last holiday you went for or the funders could recall the grant. Although they rarely do this, it is within their rights to do so. Complete all the monitoring forms and always respond to any questions or queries they ask you. Many people raise 1000’s every year in grant funding; this could be your time!
