Win or lose, send a thank-you letter to the funder. Then, send notes to your staff, board supporters, and others who helped you – especially to your team. Use those letters to enhance all your relationships, including with the funder.
If you won, develop a timetable showing when the funds will arrive, the start date for the program, when reports to the funder will be filed, and so on. Go beyond what’s required and send regular, substantive updates to funders. If appropriate, tell community and professional publications about the project and the award. It will help build awareness, interest, and groundwork for the future.
If you lost, take constructive action and find out why. This will be helpful in the future. If possible, get the scoring sheets. In the long run, finding out why a proposal was rejected may be the best way to assure success the next time around.