Chapter 11Grants

DefinitionGiftUnlike loans, grants do not need to be paid backDesigned for government, nonprofits, universities, or individualsPopular tool of the government

TypesCategorical grants: grants for a specific purposeBlock grants: grants for a purpose, but has a broad range of possibilitiesGeneral 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 amountsMore grant money annual goes to individuals then for infrastructureTypes of grants change with presidencies

FactsA great bulk of the grant programs serve relatively narrow purposesDecide how strictly they want to enforce the program guidelinesMost grants are one time grants

Applying Have it absolutely perfectFollow the guidelines Make sure that the your use of the grant fits into what the grant is forMarket