This short presentation was given on July 16, 2010 by Lee Wright and Adam Duston as part of MassChallenge 2010 judging. grantcloud was envisioned as a web-based tool that would bring together current information from thousands of sources, along with historical data and community insight to help organizations identify, track, manage, and secure grants that provide new sources of funding for their initiatives. This project did not advance in MassChallenge and we chose not to pursue it. Lee's current projects include The History List (www.TheHistoryList.com), a platform for publicizing history-related sites and organizations across the country, and eventicize (www.eventicize.com), a tool for leveraging your social network to raise awareness of your events.

1. Lee Wright Adam Duston MassChallenge July 16, 2010

2. Jobs : $6B Date/mate : $1B Travel : $90B Real estate : $B Products : $90B Grants : $540B $500B: 26 Federal agencies $40B: 110,000 foundations, corporate donors, public charities 500,000 registered non-profits seeking funding

5. The ecosystem today Institutions seeking funding Institutions providing funding Pain 110,099 grant making foundations distributing $40B/year 26 Federal agencies distributing $500B/year Foundation Directory 100,000 foundations Based on IRS 990PF $1,295/yr. 600+ private foundations 400+ corp. grants 650+ grant making public charities 483,779 public charities with $25,000 or more in gross receipts grants.gov 26 Federal agencies Consultants, other resources Very time-consuming to research, write Challenging to keep up with changes at foundations Sometimes very difficult to get in the door without knowing someone Grantwriters and consultant can be expensive Private firms (SBIR/STTRs) For foundations Time-consuming to sort, review Verticals (Ex: AAAS COS)

6. grantcloud Institutions seeking funding Enter project description Analyze and recommend funders Institution selects grants to apply for Institution fills in master application online Institutions providing funding Create master application from selected funders Create and submit individual applications grantcloud Benefits More opportunities Much greater efficiency Database learning Strengthen relationship Broad outreach More electronic submissions Database compiled Microgiving

7. grantcloud: Launch Institutions seeking funding Compile profiles, historical funding info. Upload existing application Analyze and recommend additional funders Institution rates recommendations Can add additional information and upload past grants Opt in for alerts Watching for opportunities and alerting institution Indicating interest in specific grants to track Institutions providing funding Benefits New sources Alerts to new opportunities Build database Permission to contact in future

9. One early reaction to the concept “ If you could do this and get people to participate, I think it could be really valuable.” “ I really like these ideas - very concrete, and if you get a critical mass of participants, very useful.” Responsible for grants at a Chicago Museum

13. Appendix: Growth of charities and foundations Source: The National Center for Charitable Statistic s ( http://nccsdataweb.urban.org/PubApps/profile1.php?state=US ) based on IRS Business Master File 04/2009 (with modifications by the National Center for Charitable Statistics at the Urban Institute to exclude foreign and governmental organizations).