Standard OCB Grants — Overview
The Retirement Research Foundation provides Standard OCB Grants to help nonprofits make long-term improvements in their management, governance, or organizational capacity. These grants may be used to support capacity building activities that include, but are not limited to:
- Strategic planning
- Financial management, including cash flow, budget development, financial controls
- Program evaluation planning
- Communications and marketing, including Website development, public relations, use of social media
- Resource development and fundraising
- Human resources, including professional development, succession planning, staffing structure, assessment, and retention
- Information systems management, including technology enhancements
- Board development including assessment, recruitment, training, and structuring
- Restructuring and building relationships with other nonprofit organizations to strengthen service delivery, reduce costs, share resources, etc.
Standard OCB funds generally support consulting, training fees, information technology, staffing, and other costs directly related to capacity building activities. Additional funding is available to OCB grantees for technical assistance support for seminars, workshops, short-term courses, publications, or other training related to organizational capacity building.
Standard OCB Grants — Eligibility
Standard OCB Grants are provided to nonprofit organizations that are:
- Tax exempt under Section 501(c)(3) of the Internal Revenue Code
- In operation for at least three years and have annual revenue of at least $75,000
- Located in Cook, DuPage, Kane, Kendall, Lake, or McHenry counties in Illinois
- Placing a high priority on providing services to the elderly
RRF’s Standard OCB Grants do not fund:
- Renovations or capital improvements
- Financial deficits
- One-time events that do not build long-term capacity (such as fundraising events or conferences).
First Step – Letter of Inquiry
The Retirement Research Foundation acknowledges the time and effort needed to submit a proposal and invites interested applicants to submit a brief Letter of Inquiry (LOI).
This step is optional, but may offer valuable feedback as you prepare a full proposal.
An LOI may be emailed to firstname.lastname@example.org as a Word or PDF attachment. To allow enough time for feedback, please submit LOIs at least six to eight weeks prior to the proposal deadline. For example:
Submit LOI by: For the Following Proposal Deadline:
December 1 February 1
March 15 May 1
June 15 August 1
Include the following information in your two-page Letter of Inquiry:
- The issue your capacity building project will address
- Brief description of the project
- Proposed activities
- Why this project is needed at this time and how it will impact the organization
- Project consultant(s) and description of how they were selected
- Estimated cost of the project, the amount of funding already secured (if applicable), and the amount requested from RRF
Standard OCB Grants — Apply
Although the Foundation does not use a standard application form, RRF requests that proposals include the following components as outlined in 1-5, preferably in the order listed below. Please note that, except for the Executive Summary, there is no page or length restriction.
- The Standard OCB Grant Application Cover Sheet is available electronically as a PDF file and as a Word document. Choose the format that works best for you. Please complete and print the Cover Sheet and include it with your proposal. The Cover Sheet contains a checklist to help ensure that you include all information needed for your proposal. (Please note that you may need the latest version of Adobe Reader to fill in the form.)
- The Executive Summary is a separate two- to three-page summary that concisely describes the project. The Executive Summary offers a succinct overview of your project and allows RRF to better understand what you are trying to accomplish. Include brief information about the project’s need, objectives, methods, total project cost, and amount requested from RRF.
- The Proposal Narrative provides an opportunity for you to describe your project thoroughly to RRF by addressing the following:
- Organizational Background
- Mission, history, community, and senior population served
- Evidence that your organization places a high priority on services for the elderly
- Information regarding the Board of Directors, including business/community affiliations; percentage of members who made financial contributions; and the total Board contribution made in the last fiscal year
- Project Description
- Capacity issue to be addressed
- Why the project is needed at this time
- Steps already taken to address this issue (if any)
- SMART Objectives
- Please provide Specific, Measurable, Attainable, Realistic, and Time-bound (SMART) objectives
- Include anticipated outcomes and/or accomplishments
- Describe how the project will improve your organization’s ability to serve elderly constituents
- Proposed Methods
- Workplan with activities placed in priority order
- How staff, board, and other stakeholders will be engaged in the project and prepared for the changes that may occur as a result of the project
- If applicable, information regarding the consultant(s) for the proposed project, including description of bid, interview, and selection processes
Capacity building projects generally involve a working team of staff, board, and volunteers. Please describe:
- Who will oversee the project
- Who will serve on your project team and their responsibilities related to the project
- How existing staff involved in the project will handle their responsibilities in addition to their current duties
- If applicable, other staff the organization intends to engage for the project
- How you will measure progress toward objectives
- Identify quantifiable indicators you will use to gauge progress
- Plans for Continued Support
- If the proposed capacity building activities require additional funding after the grant ends, indicate your organization’s plans for securing additional funds.
If a grant is awarded, the services of an OCB coach may be available. These services are provided in addition to the grant award. See a description of the role a coach can play in a capacity building project. If your organization is interested in a coach, please respond to the following:
- How your organization could benefit from the services of a coach
- Particular issues you would like the coach to address
- Any concerns you may have about working with a coach
- Organizational Background
- Budget, Budget Narrative, and Timeline – While RRF does not require a standard form for these documents, samples are provided for illustrative purposes. If possible, please start each of these documents on a new page. You may use more than one page for each.
- The Line Item Budget includes all expenses and income, including grant funds requested from RRF and funds received and/or requested from other sources for this project, if any. Up to 10 percent of the budget may be requested from RRF for indirect project costs. See RRF’s Budget Sample.
- The Budget Narrative describes how the budget relates to the proposed project activities. Budget narratives generally contain a description for each line item identified in the budget. See RRF’s Budget Narrative Sample.
- The Timeline corresponds directly to the activities that are described in the proposal. See RRF’s Timeline Sample.
- Attachments – Include two copies of the following:
- Resumes or curricula vitae for the project director(s), key personnel, and consultants (if applicable)
- Board of Directors roster with names and affiliations
- Minutes from the last three Board meetings
- Current financial statements
- Signed memoranda of understanding or detailed project bids from consultants that may be involved with the project (if applicable)
- Current operating budget showing income and expenses
Include one copy of:
- IRS 501(c)(3) designation letter
- Most recent audited financial report
- Most recent annual report