Chapter 11

Grants

Definition

Gift Unlike loans, grants do not need to be paid

back Designed for government, nonprofits,

universities, or individuals Popular tool of the government

Types

Categorical grants: grants for a specific purpose

Block grants: grants for a purpose, but has a broad range of possibilities

General purpose assistance: has no use restriction and is from one level of government to another

Facts

Most federal grant dollars are spent on formula grants, but the majority of grants are “project grants,” which are smaller in amounts

More grant money annual goes to individuals then for infrastructure

Types of grants change with presidencies

Facts

A great bulk of the grant programs serve relatively narrow purposes

Decide how strictly they want to enforce the program guidelines

Most grants are one time grants

Applying

Have it absolutely perfect Follow the guidelines Make sure that the your use of the grant fits

into what the grant is for Market