Finding grant money is easy! Information is widely available online. With a simple click on your mouse, you can get hundreds of facts you need to explore about sources of grant money. Among the most popular source of grant money are federal funding programs. These programs are established by the government. US citizens are entitles for this funding. However, everyone interested needs to undergo screening to get qualified. The federal government, which is responsible for federal funding, is considered the biggest of all grant makers. Money under such a program is allocated for conducting scientific research, delivering services to a specific community, demonstrating a specific theory, and many more.
Govern grants under the federal government are classified into various categories. Each type has its own purpose. The amount received by the person or group supported under the program varies according to the type of grant. The good news is that the money given, regardless of the amount, is free. It doesn’t demand any repayment. As long as the government can see that the grantee is using the money for needs stated in the agreement, the grant money doesn’t have to be repaid. For you to have an idea of those different grants available in the federal government, check out the following:
• Research grants – are intended to help associations or organizations that are conducting investigations to discover facts, revise theories, prove theories, and other related activities.
• Project grants – are given to individuals conducting projects that are involved with legislation.
• Demonstration grants – are established for a person or group that is demonstrating the feasibility of a specific approach.
• Formula grants – offer funding to people, who are qualified based on per capital income, morbidity rates, mortality, regulations, or outlines legislation.
If you don’t qualify for federal grants, you can switch to private grants. You can get private grants from private organizations or groups. You can consider submitting an application to the following:
• Corporate foundations that receive funds from a profit entity like companies or corporations.
• Private foundations which take income from a person, family, or group of individuals.
• Community foundations that provide grants in a particular community or region.
• Voluntary agencies that support charitable programs such as the one from the American Red Cross.
• Direct giving programs from philanthropic aspect of a corporation that donates goods and services for charities.
Explore more details about the various programs mentioned above. Only by familiarizing each type you can figure out which government grants program is most suitable for you. Once you understand the purpose of each type of program, you’ll know which of them can satisfy your needs. It may take time, but you have to do it; otherwise, you will submit an application to a program that doesn’t give you what you need. Knowing the exact financial assistance provider for you allows you to save time and effort. Doing the researching and understanding of details also help you increase your chances of receiving the grant that you need and want.