Receiving funding isn’t a right, it’s a privilege! Doing the paperwork is part of the fair exchange for receiving funding from external organizations. It’s how you earn the right to play the funding game.
Reports help the partnership because:
• your partners are held accountable for results, actions, deliverables and timelines
• they clarify roles and responsibilities
• the affirm and re-affirm the financial arrangement between the funders and the partnership
However, just because reports are the price to pay in order to play the game, doesn’t mean you can’t influence and streamline the process to your advantage.
Work with your funding partners to create a process that is parsimonious, especially if you will be working together long term. Early in the relationship, arrange a meeting with your main contact to review the reporting guidelines, requirements and timelines.
Ask your funding partners to:
1. Define their key needs and priorities as a funding agency.
2. Differentiate ‘deal breakers’, ‘must haves’ and ‘nice to haves’.
3. Identify their biggest pet peeves in working with partnerships.
Working with your funding partners to make sure your reports are completed ‘on time and done right’ is a way to continue your funding and build lasting relationships.
- Posted by Enette Pauzé
- On July 21, 2016