subject: Get Grant Information-business Grants, College Grants, Government Grants [print this page] Grants are funds disbursed by one party (Grant Makers), often a Government Department, Corporation, Foundation or Trust, to a recipient, often (but not always) a nonprofit entity, educational institution, business or an individual. In order to receive a grant, some form of "Grant Writing" often referred to as either a proposal or an application is usually required. For more information regarding successful grant submissions see Grant Writing.
Most grants are made to fund a specific project and require some level of compliance and reporting. The Grant Writing process involves an applicant submitting a proposal (or submission) to a potential funding organization, either on the applicants own initiative or in response to a Request for Proposal from the funding organization. Other grants can be given to individuals, such as victims of natural disasters or individuals such as people who seek to open a small business. Sometimes Grant Makers require Grant Seekers to have some form of tax-exempt status, be a registered nonprofit organization or a local government.
Intergovernmental grants facilitate:
Tiered funding for a freeway are very large grants negotiated at Government policy level. However smaller grants may be provided by a government agency (e.g. municipal government).
Project related funding to governments, business, communities and individuals is often arranged by application either in writing or on-line.
USA
In the US, grants most often come from a wide range of Government departments or an even wider range of public and private trusts and foundations. According to the Foundation Center these trusts and foundations number in excess of 88,000 and disperse in excess of $40 billion every year. Trusts and Foundations are a little more complex to research and can be found through subscription based directories.
Most often, grants are issued by the government to students through attending post-secondary education institutions. In certain cases, a part of a government loan is issued as a grant, particularly pertaining to promising students seeking financial support for continuing their educations.
Grant compliance and reporting requirements vary depending upon the type of grant and funding agency. In the case of research grants involving human or animal subjects, additional involvement with the Institutional Review Boards (IRB) and/or Institutional Animal Care and Use Committee (IACUC) is required.
US government grants budget for the year 2010 is about $432 Million. The government grants budget intends to cover small business grants, housing grants, education grants, health care & medical grants, grants for women & minorities and much more.
Who Is Eligible?
There is no limit to the number of grants you can apply for. Each US citizen is eligible for more than one grant and should feel free to apply for the grants they deem necessary to help them live the most complete and fulfilling life.
These should not be confused with loans "" government grants never have to be paid back. There are no credit checks, no collateral, and no co-signers. Those with bad credit or who have declared bankruptcy are still eligible.
How to Apply for Grants?
Government grants to individuals (students, home buyers, women, 8minorities, disabled etc) and small businesses are offered through a network of state and county level agencies as well as non profit organizations. In order to apply for grants, following steps are involved:
1. Research for potential funding organizations
2. Inquire on eligibility criteria and determine your eligibility for the specific grant program
3. Contact the funding agency to get application forms, instructions and requirements details
4. Complete the grant applications, compile paperwork, attach required documents etc
5. File your application before the application deadline
6. Receive funding decision from few weeks to few months (as per the policies of the agency)
Please visit our website to know more about the various grants that you do not have to pay back!!!
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