Why Get a Grant?
Successful grant seeking is a rewarding process because it results in money, and it is absolutely free! Ordinary people and businesses every day receive millions of dollars from government grants and private foundations. As long as there are needs and interests that require more support than nonprofit organizations can provide through their normal allocation processes, there will be a demand for grant funds and free government money informantion resources that you can use.
Grant money is not a loan. Basically, you decide how much money you need and as long as it’s lawful and meets with some requirements, you can get it, and never pay it back. The money is non-taxable and interest free! Everyday grants are given to men, women, and children of all different races, and businesses, students, and more for all kinds of reasons.
Why is the Government and Private Foundations Giving Away money?
As long as there are wealthy individuals and profitable companies looking for ways to impart their values and demonstrate their concerns, and as long as governments are willing to fund scientific research and efforts to find new and better solutions to social problems, there will be grant funds. Private foundations give away money as part of their assets in order to keep their tax-exemption status. The grant money can be set up to be used for a number of purposes and anyone can apply for it.
Government funding consists of Federal government grants and contracts that are received directly from federal agencies. There are state grant programs that distribute funds from state revenues other than federal revenue-sharing monies and state grant programs that distribute federal grant programs. Thirdly, there are county, borough, and city funds that are used for everything from parking-meters to grants for specific geographic areas. Private foundations provide their grant money for a variety of reasons and to different types of businesses, schools and people.
Free Government Money Informantion Approach
Federal granting programs are created by Congress through the enactment of both public laws and the appropriation of funds. The actual disbursement of these funds follows a systematic progression based on publicly announced rules. Unfortunately, many people seeking to obtain a grant are unaware of how this federal funding system works.
Knowing the basic rules of the free government money information sources is what it takes to get the grant money. If you know the system, then you can develop a proactive approach to seeking funds and be alerted of the deadlines for requesting grants. Gathering information that is necessary to choose the best federal grant or private grant takes a lot of persistence. This means that you have to do your homework. Your homework should consist of systematic research, record keeping, and persistent follow-up.
Where to Start
One of the free government money information sources is the Catalog of Federal Domestic Assistance (CFDA), which is published by the Federal government and lists 1,100 granting programs that disseminate approximately $80 billion in grants annually. The catalog is provided free of charge to at least two federal depository libraries in every congressional district. You can also use one of the many free government money information research and assisting companies that will provide you a list of resources for a fee.
Other good free government money info sources can be found listed in some great books. Some books like Matthew Lesko’s “Free Money To Change Your Life” will outline procedures on how to obtain grants, both government and private and provide you a world of other information.
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