Information on possible sources of funds and skills that are needed for obtaining grants from private foundations and corporations is presented to aid college administrators and faculty members. Attention is directed to private sector grants to higher education, grantsmanship within the institutions, grantsmanship as faculty development, initiating the grants process, and grantsmanship resources. It is shown that private sector support is diverse and has been targeted to almost every conceivable aspect of higher education. However, the funding sources often are interested in innovation and new programs, while colleges and universities are increasingly concerned with obtaining funding that will avoid significant cuts in existing programs. It is suggested that the skillful combination of both the art and knowledge base aspects of grantsmanship will increase the likelihood that grant proposals will be successful. While the responsibility for such activities usually resides with an institutions' grants office and its relationship with both faculty and administrators, the college president may seek to build an incentive system to encourage staff participation in the grants process and to explain institutional priorities. Workshops for faculty and staff can help improve their grantsmanship as well as assist them in locating information about funding sources and opportunities. It is important to find funding sources that fit a proposal in terms of activity, geographic orientation, types of support, grant range, and target population. Resources representing both bibliographic and referral sources that may be useful in developing or improving grantsmanship skills are listed under the following categories: general references, higher education references, periodicals, practical guides, organizations, and computerized databases. A bibliography is also presented. (SW)