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

 

Examine Failures and Find Inspiration
How to Examine Failures and Use it as Inspiration Sometimes, when we fail, it can feel like the end of the world. None of us like to be told that we are doing something wrong. None of us like to experience setbacks in our plans. It can make us question our self-worth,...
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...
How to Find Bargains at Flea Markets
I love to spend hours looking at flea markets for different items. Different vendors set up their products in a central location so that consumers can spend their time walking around and see the new and used items available for sale. You never know what you will come...
How To Get The Best Insurance Deals
In most cases finding the best insurance deals is difficult. Since having insurance is a requirement rather than being optional it is a good idea to shop around for the best insurance deals. It’s difficult to shell out the cash for insurance premiums and...
Lifeline Assistance Program
 There is now a program out there that can even help with your cell phone. The special government program called Lifeline Assistance that offers a free phone and minutes to those who qualify. Getting on the list is not very hard, but there are a few things...
Social Security Disability Benefits
Sometimes in life, events occur that prevent people from working in order to make a living. Accidents occur and illness strikes at the most inopportune moments. The Social Security Administration may be able to help. They provide disability benefits to...
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...
How Does Renting to Own Really Work?
 In the years leading up to the financial crisis of 2007-08, the renting to own model — in which tenants/buyers have an option to purchase the house or condo they’re renting from their landlord/seller— was mostly offered by individual homeowners. In the...
Best Way to Build Your Credit Rating
In today’s world, credit can be easily destroyed. If you are young and entering the adult world, you may not always understand how to maintain a great credit rating. Often, you do not qualify for a loan or credit card due to having no credit. Lapses in employment or...
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...
Applying and Making Phone Calls to Potential Employers
Applying and Making Phone Calls to Potential Employers Applying to Places Not Hiring: A Wise Move or Not? Are you in desperate need of a job? If you are currently unemployed or if you truly think that your current job is making you “crazy,” you may be due for a new...
Relief Resources and Benefits Gov
 Let's begin with this. No One Is Guaranteed Government Assistance Just For Existing. That being said, Government aid can be very helpful to those enduring a financial struggle or hardship. It can also be beneficial for those looking to attain a higher...
Accepting Failure | Achieve Success
Everybody has a setback every once in a while, but it doesn’t mean that there is anything wrong with you. In fact, accepting failure can be a great opportunity to learn your own limitations and boundaries, then push through them, and provide you with a...
Modern Millionaires Mindset
Here’s A Modern Millionaire Rhetorical Question:   If you have a spare million dollars in your bank account today… How will you spend it? Pay off all your bills and loans? Buy your dream car? Dream house? Give your family a better life? Travel all...
5 Ways to Keep Your House During A Market Crash
Anyone paying attention to the housing market in the Los Angeles area knows that home prices have been at record highs. National Mortgage News suggests that this could be a housing bubble about to burst, and a decline in home prices and an increase in mortgage...
Unexpected Pregnancy Resources
 If the event that you know a low-income family who is experiencing an unexpected pregnancy, you may want to reach out to help. During this time, you can feel overwhelmed and not know what steps to take. But know that you can take on a supportive role in...
Receiving $4000 in Home Rebates
 Are there any home improvements that you have been contemplating lately? Are you struggling to make ends meet already? Learn more about three Programs a that could help you and millions of homeowners qualify for a $4,000 rebate. These Are Very Tough...
Coupon Tips That Can Save You Money
Everyone loves a great deal and your luck will get better when you find coupons for your favorite items. There are a lot of great locations to discover coupons these days, including the Internet, newspapers and flyers. These are tips and techniques on how...
Budget Tips for Today’s Family
If you are in charge of creating the family budget, chances are, you’ve had the unfortunate experience of having a brilliant budget plan that isn’t executed well. This happens to many families and couples, and with a little attitude tweaking, you can solicit the help...
Affordable Health Insurance
Is finding affordable health insurance as improbable as encountering a unicorn walking across your back lawn? It doesn't have to be. Here are seven steps you can take to lower your costs.   1. Understand your options to buying affordable health...

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