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