If you can convincingly describe how stronger capital assets will better serve the school’s goals and students, you may be able to get capital grants.
Capital grants in education are used for one-time capital expenses that directly enhance a school’s ability to serve its students and achieve its mission. Grants may be used for such purposes as facility improvements, vehicles, equipment purchases and other non-expendable assets. Many times, funders of capital grants require the applicant to provide matching funds (when awarding matching grants, a funder agrees to pay an organization a specific amount of funds to match), challenge grants (when awarding a challenge grant, a funder agrees to pay an organization a set amount of funds based on meeting a set fundraising challenge) or give naming rights. Please ensure that you do research and that your board of directors is on board with the requirements of the capital grant you are applying for.
When applying for a capital grant, you need to describe the school’s goals and activities along with its students’ needs, and convincingly describe how a stronger school with stronger capital assets will better serve the school’s goals and students. Here are some tips on how to share the needs of the school through a capital grant LOI:
There are many opportunities for capital grants in education. Here are a variety of capital grants that focus on different aspects of education:
As you can see, there are even local capital grant opportunities; it is important to do ongoing research for funders and foundations in the area of your school.
Remember that capital grants should not be the sole source of funding for your project, unless you find a single funder to support a small renovation project or piece of equipment. The larger the capital need, the more types of support you will need to secure for it. Integrate your grant seeking within the broader development plan, and you will secure more grant funding for your capital project.
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