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The Potential Grant Writer Salary
Grant writers can be paid employees, paid on an hourly rate, or paid for a package or project. To be able to know the potential salary of the grant writer, we must first understand the specific amount of work that needs to be done. Many companies choose to hire a freelance grant writer to create high-quality business grants that have a good chance of being accepted by donors. They generally charge an hourly income and almost always earn more than full-time workers.
Grant author fees vary due to many factors: level of expertise, specialization, types of donors sought, clients, area of practice, and whether the author is a full-time employee or a freelancer. It depends on the number of his projects accepted each year, on his type of writing if he is a specialist or a generalist and of course on the geographical situation. Here are the payment methods commonly accepted by the marketplace:
1. Hourly rate: An average rate for a competent grant writer is between $40 and $80. Although the experience and background of each grant writer is tied to their grant writing fees, some charge $100 per hour or more, while some less established writers charge between $25 and $50 an hour. hour.
2. Per project: This method depends on the length and complexity of the grant document. Fees can range from $1,000 to $10,000 after a thorough assessment of the full range and scope of work. However, it is still up to the grant author to decide the rates based on the grants obtained.
3. Per Diem/per day: Full-time writers employed at a grant consulting firm offer their services per day. They charge a standard daily rate of $500 to $2000. Typical rates in the United States are $1,250 per day.
4. By commission: In this arrangement, the salary is based on some agreed percentage of the grant that is awarded. Thus, the potential income is linked to the success of obtaining the grant and can represent between 1% and 5% of the total grant awarded.
The last item takes us to our next question and the most debatable topic around the grant writing industry. Should a grant writer be paid a percentage of the approved grant? This is called the pension premium. American fundraising associations have a policy against this, and likewise some believe it is unethical and have declared it an unacceptable practice. They even revoke memberships if they find that their members have accepted compensation from the grants received.
Grant writers are the professionals whose expertise you seek to increase grants to benefit your organization, to increase the number of strong relationships with donors, and to increase the potential success of your projects and programs, so do them a favor. : pay them for their work. The donor expects you to use their gift for what they pay for, which does not include your overhead. As with both parties, it’s always wise to have a writing or contract so that you both have proof of agreement, regardless of the type of payment agreed upon.
Conversely, keep in mind that there is a significant relationship between the skills of the grant writer and the organization. The funder wants to see if you are truly worthy of their donations or funds. So if the company mismanages its assets, it is not the fault of the writer but of the organization and not because the writer is not performing what he was paid to do.
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