Grants are financial instruments used to foster and develop ideas and projects which serve the public good in one way or another, and even as our economy struggles to rebound people still support the award nonprofit grants. While there are a lot of misconceptions surrounding nonprofit funding in general, millions of dollars of nonprofit grants are awarded annually.
Nonprofit Government Grants
Grants for Non Profit Organizations are financial grants awarded from the federal government and given to not for profits agencies which hold the IRS designation of 501-C-3 status. Nonprofit grants from the federal government are usually awarded to the larger foundations which in turn administrate and manage awards to smaller, local organizations. Some of the more openly funded areas which serve the public interest are helping qualified individuals pay electric and heating bills in the winter months, providing cost-restricted, low cost housing; assisting the disabled and elderly population make necessary improvements and modifications to their homes to assure independence and more.
Some of the more prolific awarding sun-agencies of nonprofit grants from government are the Corporation for National and Community Service, the Millennium Challenge Corporation and the National Endowment for the Arts. Nonprofit government grants help preserve our uniquely American culture, provide for the helpless and serve the greater public good.
Nonprofit Business Grants
You’ve seen the commercial on TV featuring the outlandishly dressed fellow with question marks all over his yellow suit. Need nonprofit business grants to start an indoor herb garden? He says there are grants for nonprofit organizations for that. Okay, so while we all take that commercial with a grain of salt, there really are elements and tidbits of truth tucked away in the thesis behind that thought.
The reality is that nonprofit business grants are indeed available and accessible to support businesses for those meeting the guidelines. Nonprofit business grants help fund green projects that protect the environment and lessen harmful global impact, they support women in small business and they provide expansion and capital funding for select minorities. One needs to remember the law of supply and demand, and where supplies are needed, nonprofit business grants can fill that demand.
Nonprofit Personal Grants
Grants for nonprofit organizations are available in funds from organizations awarded for a specific cause which helps the individual or family. Nonprofit personal grants for children’s services, nonprofit personal grants to help supplement the needs of our elderly population and nonprofit grants from nonprofits assist in subsidizing needed counseling and social services. Rarely does the money from nonprofit personal grants go into the pocket of the recipient, but instead can be used to pay for direct services and materials needed in time of distress.
While there are a lot of misconceptions surrounding nonprofit funding in general, millions of dollars of nonprofit grants are awarded annually. Even as our economy struggles to rebound people still support the award nonprofit grants.