Foundation Funding: Supporting Health and Medicine Research
Explore the realm of foundation funding for health and medicine research as a means to advance your career and projects. Gain insights on the funding landscape, strategies for success, and practical tips from experienced presenters. Uncover the reasons to pursue foundation funding, key realities to navigate, and the various forms of support available. Discover how expert assistance can propel your initiatives forward by offering comprehensive services from prospect identification to stewardship.
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Presentation Transcript
Supporting your Career and Research with Foundation Funding February 18, 2021
Todays Presenters The George Washington University Susan Boerstling, Executive Director, Foundation Relations sboerstling@gwu.edu Children s National Hospital Foundation Sue Flaherty, Director, Foundation Relations sflaherty@childrensnational.org Sarah Katz, Associate Director, Foundation Relations sarah_katz@gwu.edu
Presentation Overview and Housekeeping Presentation Overview Basics of foundation funding Funding landscape for medicine and health projects Case study Resources and helpful tips Housekeeping Place questions in chat, will address during breaks and at the end of the presentation Please mute during presentation
Why Pursue Foundation Funding? Foundation funding for health and medicine is increasing Funding for research/projects that are not a good fit for federal opportunities Foundations can become champions of your work Networking and professional development opportunities Prestige factor with certain awards and funders Diverse funding sources
Foundation Funding Realities Funding requests must be strongly aligned with the foundation s goals Often quick turnaround times for submission of letter of inquiry or proposal Limited or no indirect costs covered (often 15% or less) Typically, a lack of transparency and feedback Competitive
Foundation Support for Medicine & Health Research Where is the field now? Different types of foundations operating in this area Characteristics of early career opportunities
How Can We Help You? Prospect Identification Proposal Development Stewardship Outreach & Coordination Prospect research for faculty projects Check-in calls between foundation staff and project staff Proposal enhancement Strategy development Dissemination of grant opportunities Editing and framing to align with funder interests Limited submissions Thank you letters CFR website: cfr.gwu.edu Narrative report review Foundation visits
Preparing Competitive Applications Clearly articulate need and impact if not immediate, then 3-5 years out (for patients and/or the field) Impact on marginalized and underserved communities and patient populations Demonstrate uniqueness How do limited submission opportunities (LSOs) work? Intersection of development offices with sponsored research
Roles of Different Offices Supporting You and Your Research CFR Team Office of Sponsored Projects (OVPR) School Research Pods Works alongside faculty as frontline point of contact to funder Provides strategy development support Works with faculty to ensure proposal meets funder guidelines: reviews proposal materials Liaises with School Research Administrators, OSP, and faculty Liaison between faculty and OVPR Provides support around University proposal requirements (i.e., internal budgets & narratives) Supports uploading and routing of materials in Cayuse Ensuring that proposal is compliant with University guidelines Provides final approval for proposal submissions Oversees administration of grant after the award comes through
Case Study: Doris Duke Charitable Foundation Clinical Scientist Development Award RFP Overview Steps in Multi-Stage Process How competitive is it? 18-21 awardees in 2021 program
Foundation Resources GW s Corporate and Foundation Relations website: https://cfr.gwu.edu/ Foundation Directory Online: https://fconline.foundationcenter.org/ PIVOT: https://sponsoredprojects.gwu.edu/find- funding General search tips GuideStar IRS 990
Questions? Susan Boerstling, Executive Director, Foundation Relations, GW; sboerstling@gwu.edu Sue Flaherty, Director, Foundation Relations, Children s National Hospital Foundation; sflaherty@childrensnational.org Sarah Katz, Associate Director, Foundation Relations, GW; sarah_katz@gwu.edu GW Website: www.cfr.gwu.edu General GW Inquiries: cfr@gwu.edu
