Nonprofit Cohort FAQ

 
 

What is the time commitment required to participate in The Greater Sum's 2019 cohort?

I love this question.  It's honest and practical.  Most nonprofit leaders are pressed for time and don't want to overcommit. If you're selected to work with The Greater Sum, you'll participate in planning and reflection conversations at the beginning and end of your collaboration with our SMEs.  Throughout the year, you'll check in with your lead SME monthly and have virtual access to relevant SMEs to help you meet your goals.  

We'll convene once during the year at a relevant nonprofit conference.  The SME involvement and professional development opportunity are key components to Greater Sum's work, so our project is probably not right for your organization if your leadership isn't looking for this type of support.

Am I eligible to apply if I operate under fiscal sponsorship with an umbrella 501(c)(3) organization?

Yes! This is a great way for an early-stage organization to get established. If your fiscal sponsor allows you to apply for funding under their 501(c)(3) you're eligible to apply.  You'll need to provide a letter verifying your fiscal sponsorship status and your sponsor's awareness of the application, and we will only consider one application from each 501(c)(3) organization.

Am I eligible to apply if my organization is not a 501(c)(3) but our work contributes to social good?

At this time, we're only funding  501(c)(3) organizations.  We're excited about future opportunities to support social impact through other avenues, though!

What if my organization has APPLIED for 501(c)(3) status but has not yet received IRS determination letter?

We welcome your application.  However, please be aware that we will only award grant funds to eligible 501(c)(3) organizations.  If you are selected as a finalist, your status must be confirmed by our final decision in December 2018.

What comes after the written application on your website?

If you're selected as a finalist, you'll be notified in late September.  Finalists will participate in a virtual pitch and Q&A session in late October or early November, and we'll announce the selected organizations in January 2019.  If you've never created a pitch deck or used Google Meet for video meetings, we'll have resources available to help you prepare.

What if I have more questions?

Ask away!  Reach out via e-mail (info at thegreatersum dot org) or give us a call at (904) 990-4589.