What Grants Are Available?
First of all figure out what grant you need and want, then do your search. There are many grants available but they might not fit your needs.
You’ll see this repeated throughout our site. Most people don’t know that there are 4 types of grants:
Competitive Grants –
When an agency or entity has a certain amount of money to distribute to 1 or more applicants theres usually a competitive grant process. What this means is that the agency or entity that’s distributing the grant will review all applicants information and will decide which will receive the grant. In a competitive grant applicants are competing against 1 another. So therefore the award will go to the agencies, individuals, corporations etc that they choose.
Formula Grants –
Allocations of federal funding to states, territories, or local units of government determined by distribution formulas in the authorizing legislation and regulations. To receive a formula grant, the entity must meet all the eligibility criteria for the program, which are pre-determined and not open to discretionary funding decisions.Formula grants typically fund activities of a continuing nature and may not be confined to a specific project. Common elements in formulas include population, proportion of population below the poverty line, and other demographic information.
Continuation Grants –
An extension or renewal of existing program funding for one or more additional budget period(s) that would otherwise expire. Continuation grants are typically available to existing recipients of discretionary, multi-year projects; however, new applicants may be considered.Receipt of a continuation grant is usually based on availability of funds, project performance, and compliance with progress and financial reporting requirements. Applications for continuation may compete with other continuation requests submitted to the awarding agency.
Pass-Through Grants –
Funds issued by a federal agency to a state agency or institution that are then transferred to other state agencies, units of local government, or other eligible groups per the award eligibility terms. The state agency or institution is referred to as the “prime recipient” of the pass-through funds. The secondary recipients are referred to as “subrecipients.” The prime recipient issues the subawards as competitive or noncompetitive as dictated by the prime award terms and authorizing legislation.
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Government Deals – Foreclosures, Auctions, Grants Thank You
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