Understanding Federal Grants (Part 1)

by | Federal Grants

 Let me start off by asking you this question. How would you like free money that you will never have to pay back, from the federal government? Sounds great doesn’t it? Well, the simple truth is that you can get it if the government decides to award you a federal grant. Now getting that grant may not be as easy as just asking the federal government for help. It usually consists of a standard application process which can be tedious without understanding federal grants and how they work. Below is some information that can be useful in obtaining a federal grant.

Get A Federal Grant Today!

 

But what is a federal grant?

Basically it is financial assistance given from one of the 26 federal agencies. When it is given, it is suppose to carry out a public purpose of support or stimulation authorized by a law of the United States government.

 

 

understanding federal grantsThere are two types of federal grants. Project grants and formula grants.

Project grants are aimed for the arts, education, health care, scientific research, social services and technology development. Formula grants on the other hand are mandated by law and there are various levels for this type of grant including; categorical, block and earmark grants.

Categorical grants have a narrowly defined purpose and recipients must have the same amount of money needed to take part of this program. They also carry more strict and specific provisions on the way the grant money is to be spent.

Apply for Federal Grants Here

 

A block grant on the other hand is a large sum of money granted by the national government to a regional government with only
general provisions as to the way it is to be spent. To get a block grant, you don’t need to produce a certain amount of capital.

Of the three, earmarks grants are the most controversial, because lobbyists not ordinary people are the ones involved in securing it. The Office of Management and Budget (OMB) defines earmarks as “namely specified funds for projects, activities, or institutions not requested by the executive, or add-ons to requested funds which Congress directs for specific activities.” Basically meaning that an earmark is simply any spending on any project that is not explicitly in the President’s budget.

 

But how do you apply for a federal grant?

Just like with anything else. If you want a grant you have to apply for it and it isn’t always an easy process. But if you win the grant your efforts will be well rewarded. To apply for any grant you have to fill out an application form and then attach specified documents to it. The most important of which happens to be your proposal. Your proposal should not only have a nice cover letter. It must have something worth reading from beginning to end.

While introductions are nice, those reviewing your proposal want to know more specifically about the problems your proposal plans to address, your objectives, how you propose to reach your goals, how much money you will need, the length of time of the project will take and a summary of what you are proposing.

When it comes to applying for a grant there is a bit of a learning curve and you must be prepared to do you research and submit a good proposal. Before you send out your proposal for the grant, write it one or two times and then have this checked by an outside party. If you are not happy with the proposal, rewrite it again because everything should be clear and concise.

When the final draft has been made, bind everything together using either clamps or hard covers. To insure that your proposal
gets the attention it deserves it is a good idea to contact the Federal agency you are writing to and ask them which type of
binding they prefer. You will also want to send your proposal by registered mail.

Aside from federal grants, there are grants offered by private non-profit organizations such as foundations, not-for-profit
corporations or charitable trusts which are all collectively referred to as charities. So don’t lose hope if your application for a federal grant was given to someone else.

Federal grants are one way that the government gives back some of the money that it gets from taxpayers and if after careful
review the grant committee sees that your proposal will benefit your community or even a greater number of its citizens, there is little doubt that you will be awarded the money for your project.

As I mentioned earlier there is a learning curve when it comes to applying for grants, but don’t let that stop you. There is plenty of help available and even people that will write your proposal for you. So, if you really want a grant or you need funding for a special project don’t get discouraged. Sometimes you will have to go through the same process several times before you see results.

Find A Federal Grant That Is Right For You

 

Continue to Understanding Federal Grants Part 2

 

Car Loans Approved Today!
Drivers will be excited to hear that the cost of a vehicle has started a downward plunge making it even easier to get the car loans you have always wanted. According to predictions by GasBuddy, the average price for a gallon of gasoline is set to fall...
Finding Employment with Job Searches
Finding Employment with Job Searches Sometimes, life hits Americans hard. With ups and downs in the economy, it may be difficult to maintain consistent employment over a long period of time. Fortunately, there are options to help find a new job or career. In the...
5 Common Ways Families Overspend
If you are looking for ways to free up extra money in your family budget, you are not alone. You may be eager to use any extra money that you can find for debt reduction, savings, or other goals. While it may seem as though there is little or no extra room to scale...
Positive Thinking Can Change Your Life
Positive Thinking Can Change Your Life Enthusiasm Is Positive Energy “No pessimist ever discovered the secret of the stars, or sailed to an uncharted land, or opened a new doorway for the human spirit.” - Helen Keller Enthusiasm is the sunshine of your mind’s garden....
Save Money When Grocery Shopping
 It is a good idea to be aware of the amount of money that we spend on items when we go grocery shopping on a regular basis. When times are tough, it is this knowledge that can help us to survive on less income than usual, which can help in a big way if we...
Affordable Housing Problems
On 1st Street in Santa Ana — not far from where authorities recently cleared a tent encampment along the Santa Ana River near Angel Stadium — developer Caleb Roope wants to build nearly 1,000 apartments that will be affordable for low-income seniors and...
The Facts You Need to Know About Payday Cash Advances
If you need money, it can feel as if there is no one to help you. It may feel like you're up a creek without a paddle. Luckily, you can get payday cash advances to help you out. Research all companies that you are considering. Find a lender that fits you...
How To Get Involved with Affiliate Marketing or Direct Sales
How To Get Involved with Affiliate Marketing or Direct Sales Life can busy and complicated. With increased costs in childcare, one parent must often stay at home to watch the kids while the other parent works. Or, as someone begins their adulthood, they may need...
Who Qualifies for VA Home Loans
For many veterans and their families, buying a home can be a difficult experience. Many veterans have little patience for the drawn out process of finding a loan, and others have not always had the best luck with credit. Fortunately, Veterans Affairs (VA) can help....
Unsecured Personal Loans
Unsecured Personal Loans are those that do not have any collateral attached to them. This type of loan is often easy to get, but know in advance you will be paying a higher interest rate on the loan.This is because there is a great risk of non-payment due...
Are Discount Stores Really A Bargain?
It seems like dollar stores and other various discount stores are becoming a common retailer in most areas. Can these discount stores really offer you a bargain or do they just sell poor quality items? In my opinion, there are plenty of great bargains to be found in...
Best Credit Cards for Questionable Credit
Life does not always work out as planned. Sometimes, a gap in employment leads to a few missed payments, and eviction, or a repossessed vehicle. These things happen to most people. In order build credit back up, a credit card may help. Making regular...
Public Assistance Study
 According to a new public assistance study conducted by the University of Illinois and the University of California-Berkeley, a overwhelming majority of fast food worker's families are enrolled in one or more public assistance programs. These programs...
How To Find Good Insurance Companies
 Insurance is a part of life whether you’re looking to protect your life, home, or automobile. All insurance companies are not equal. Working with a good insurance company is just as, if not more, important as having coverage. Here are four things to keep...
Solid Advice for Credit Repair
It may be difficult to find information on the best ways to improve your credit. There is a wealth of different tips in this article to help you rebuild your journey to credit repair. Using these tips can save you from stressing and prevent headaches....
Government Assistance for Unemployment
Government Assistance for Unemployment Sometimes, life does not go as smoothly as planned. Fluctuations in the economy lead to periodic lay-offs. Sometimes, a company fails and workers find themselves out of work. Often, an employee and employer simply part ways after...
How to Save Money on Your Kids Dental Bills
Your family budget might not extend as far as it used to. Still, you want your children to have healthy teeth and inexpensive kids dental bills. Learn how to save money on your kids dental.  Like Clean Teeth? Try the Dollar Brush!   Courtesy of Fox News Health...
The World of Federal Grants
Welcome To The Wonderful World Of Federal Grants Federal Grants - If you are planning to go to college or university but know that you would never be able to afford it on your own, or with the help of your family for that matter, one of the first places...
“Believe in The Power of 3”
The number 3 is the first number to which the meaning “All” was given. It is the number of the whole as it contains the beginning, a middle, and an end. When you raise the number 3 to a second power, it simply magnifies everything you already have and...
The Best Self Help Gurus
In the world today, it is easy to come across scammers looking to take advantage of people in their weakest moments. The realm of self-help is no different. In fact, it can be much worse. Self-help scammers apply abstract concepts so that unsuspecting people will fork...

The Premier Forex League

Subscribe

Family Picnic

Enter Your Email for Best Results

Due to the overwhelming response, please enter your name and email to ensure the proper search results.

You Are On Your Way!

Family Picnic

Enter Your Email to Receive New Assistance Updates

Due to the overwhelming response, please enter your name and email to ensure proper results.

Thank You! You will now receive the latest assistance updates!

Family Picnic

Enter Your Email for Best Results

Due to the overwhelming response, please enter your name and email to ensure the proper search results.

You Are On Your Way!

Pin It on Pinterest

Share This