While grants are often not renewed on an annual basis, they are an important source of annual operating income and scholarship funds in college Annual Fund programs. When one funder cycles out the mix a new one is found. And some funders do support colleges with annual grants over long periods of time.
Some colleges raise as much as one-quarter of their Annual Fund goal through renewable annual or multi-year grants. Either way, multiple-year grant funding will provide you with a stable funding base from which to cultivate funders for future grant awards. And Annual Fund grants for operating or scholarship support can be based on a boilerplate grant proposal template.
But be sure to call the foundation program officer or corporate giving officer before you write. A few strategic questions can save both parties valuable time.