There’s a lot misconceptions about government foundation grants. Federal government foundation grants provide seed money for all public, business and organizational funding opportunities offered by the U.S. government. Government and foundation grants help form the base funding for all governmental entities and are available to qualified applicants through the governmental awards system. A federal government foundation grant is awarded by a government agency to carry out a public purpose of support or provide economic stimulation authorized by a law. These grants are not loans and they are not federal assistance. They cannot be used to buy property, and there are no federal foundation grants that will buy your groceries or provide you with a paycheck.
What are Federal Government Foundation Grants?
It was a private government foundation grant loan that recently bailed out the big banks and a few of the car makers here in the US when the economy hit bottom. The government and foundation grants go back a long way, as one of the very first grants ever awarded was a government foundation grant. Private government foundation grants are awarded to specific federal and state entities to help assist in situations which may have the potential to cause great public financial or personal harm and provide for the greater public good, while public government foundation grants are awarded to select individuals, qualified businesses and local governments.
How are Foundation Government Grants used?
Foundation government grants are used to supply starter funds for federally approved government and private projects, thus they ‘pour the foundation’ for specific project awards. Let’s take a quick look at what just some of the public government foundation grants are being used for.
Catalog of Federal Domestic Assistance Number: 45.149 government foundation grant: Offered by the National Endowment for the Humanities, the federally funded National Digital Newspaper Program, NDNP is creating a national, digital resource of historically significant newspapers published between 1836 and 1922, from all the states and U.S. territories.
Catalog of Federal Domestic Assistance Number: 84.141 – Migrant Education High School Equivalency Program government foundation grant: Offered by the Department of Education’s Office of Elementary and Secondary Education, this public government foundation grant is open to everyone except individuals and small businesses. It provides funds to help foster migrant high school equivalency education for children of migrant workers to realize their GED.
Catalog of Federal Domestic Assistance Number: 66.516 – P3 Award: National Student Design Competition for Sustainability is a federal government foundation grant awarding ninety thousand dollars to students in schools who highlight the use of scientific principles in creating innovative projects focused on sustainability.
Catalog of Federal Domestic Assistance Number: 12.420 – Military Medical Research and Development: Medical Practice Initiative Procedural Skill Decay and Maintenance foundation grant sponsored by the Department of the Army. The Medical Practice Initiative is primarily focused on the development of medical training systems and competency assessment tools for the sustainment of military medical readiness and is open to all applicants, otherwise known as an unrestricted foundation grant.
As you can see, a federal government foundation grant is awarded by a government agency to carry out a public purpose of support or provide economic stimulation authorized by a law. Government and foundation grants help form the base funding for all governmental entities and are available to qualified applicants through the governmental awards system.