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How to Read a Funding Notice in 20 Minutes

Funding notices are written for compliance, not for applicants. Here's the order to read one in, what to skim and how to boil it down to one page.

A funding notice can run to sixty pages, and the question you actually have is short: should we apply? Reading from page one rarely answers it quickly, because the background and legislative history come first and the facts that decide your week are buried further in.

This article gives you a reading order that gets you to a go or no-go recommendation in about 20 minutes, tells you what you can skim and shows you how to turn the notice into a one-page summary your team can use without reading the original.

Set a timer and a smaller goal

Federal notices are written by agencies to meet regulatory requirements. The order of the document follows the agency's obligations, not your decision process. So don't aim to understand everything. If you're still deciding which notices deserve a read at all, start with finding grants that fit your mission. Once one has made the shortlist, set a 20-minute timer and aim for one output: a recommendation to go, no-go or go with conditions.

It helps to know the map. Under Appendix I to 2 CFR 200, federal agencies must use the same or similar headings and a table of contents in every notice of funding opportunity. At minimum those are:

  1. Basic Information
  2. Eligibility
  3. Program Description
  4. Application Contents and Format
  5. Submission Requirements and Deadlines
  6. Application Review Information
  7. Award Notices
  8. Post-Award Requirements and Administration

Appendix I comes from OMB's April 2024 revision of the Uniform Guidance, which took effect October 1, 2024. State agencies and foundations use their own formats, so expect the same information in a different order.

Read these five places first

Skip the program history for now. Go to the five places that decide whether the opportunity is realistic.

1. Eligibility

Find the list of eligible entity types, then any restrictions beyond entity type, such as geography or project director qualifications. Look for the limit on how many applications one applicant may submit and for criteria that make a project ineligible. Appendix I requires notices to state these.

2. Dates and how to submit

Write down the due date, the time and the portal. Check whether a letter of intent or pre-application is required or encouraged, because it may have an earlier deadline. Appendix I requires due dates and times for every submission, including preliminary ones. Check the registration requirements too. Federal applicants must be registered in SAM.gov before applying and must include a unique entity identifier in the application.

3. Money

Find the total funding, the anticipated number of awards and the expected size of individual awards. Both appear in the Basic Information section. Then find the cost share statement in the Eligibility section. A notice must say whether cost sharing is required, and that required cost sharing is a condition of eligibility.

4. Review criteria

This is the real table of contents for your application. Under Appendix I, the notice must describe each criterion and sub-criterion and, where criteria vary in importance, give the relative weights. Decoding the scoring criteria covers how to use them.

5. Required components

Find the list of forms and attachments, page limits, font and margin rules, file formats and signature requirements. The Application Contents and Format section must cover these, along with any third-party documents such as letters of commitment.

What you can skim and what you can't

You can skim the program history, the agency background and the standard terms and conditions the notice links to. Read them before you sign anything, but they rarely change the decision to apply.

Don't skim anything that sounds like a screen. Appendix I calls the Responsiveness Review section the place where "go-no-go" or "threshold" criteria are listed, meaning the factors that make an application or project ineligible. Also read the program-specific requirements and any special conditions.

While you read, circle phrases that change everything:

  • "will not be reviewed"
  • "must" and "is required"
  • "only one application per"
  • "applicants are ineligible if"

Missing one of these costs more than a day of reading would have.

Build the one-page summary

The summary is what you hand to your executive director or team so that nobody else has to read the whole notice. Use the same template every time:

FieldWhat to capture
Funder and programAgency, title, funding opportunity number
Key datesLetter of intent, application due date and time, anticipated award date
Eligible applicantsYes or no for your organization, with the page reference
MoneyTotal funding, number of awards, award range, period of performance
Cost shareRequired or not, and how it's counted
ScoringEach criterion with its points or weight
Required attachmentsForms, page limits, letters, registrations
Red flagsAnything that made you hesitate

Here's how it might look. Say a rural food bank is looking at a nutrition-access notice. Its summary reads: eligible (nonprofits listed on page 6), due March 30 at 11:59 p.m. Eastern, expected awards 12, range $150,000 to $300,000, no cost share, scoring led by a 30-point program design section, and red flags: a required letter from a county health department and a 15-page narrative limit. In ten lines the director knows what the application needs.

Keep every summary you write. After a year they form a record of what funders in your field ask for, and they make the next notice faster to read.

Ask before you guess

If something is unclear, ask the agency contact listed in the Basic Information section. Federal agencies may offer pre-application technical assistance, but under 2 CFR 200.204 they must make those resources widely available to all potential applicants, for example by posting answers to questions on Grants.gov. So expect that your question and its answer may be public, and check whether answers are already posted before you ask. Go or no-go covers how to decide once you have the facts.

Your next step

This week, build your one-page summary template using the fields above. Then use it on the next notice that crosses your desk before anyone starts writing. If you want a second opinion on your own reading, give the notice to a colleague and compare summaries.

SoliContraX does a first pass of this for you: upload a notice and it pulls out the eligibility, criteria and deadlines so you can check them against your own summary. From there it can take you through to a finished application, drafted from your own materials. Get started with SoliContraX.

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How to Read a Funding Notice in 20 Minutes · SoliContraX