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Chapter 11

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

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Chapter 11

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  1. Chapter 11 Grants

  2. Definition • Gift • Unlike loans, grants do not need to be paid back • Designed for government, nonprofits, universities, or individuals • Popular tool of the government

  3. 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

  4. 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

  5. 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

  6. 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

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