| 47. |
If we have been denied a grant, can we reapply to the same grant making agency?
Yes. Grant making agencies usually ask grant seekers to wait for a year to resubmit their grant proposals for the same project. But make sure to tackle every issue pointed out from your last proposal in the new application. This way, you can have a better chance of approval. |
| 48. |
What is deficit funding?
This funding covers debts or unexpected shortages in budget. However, most grant making agencies do not provide this kind of funding. |
| 49. |
What is demonstration grant?
A demonstration grant is given to organizations or groups to help establish an innovative project or program to serve as a model. If it succeeds, others may replicate the project. |
| 50. |
What is a designated fund?
This is a restricted type of fund held by a community foundation where the usage of funds is strictly specified by the grant making agencies. |
| 51. |
What are special project grants?
Special projects grants are grants made to aid expenditure for a particular project instead of the entire organization. Most of the funding agencies are interested more in new, developing and on-going projects. |
| 52. |
What is a supplementary grant?
This is also known as an “add-on” grant. It is made on the commitment of giving additional grant to continue supporting a project or program. |
| 53. |
What are technical grants?
These are grants in the form of financial assistance or in-kind contributions to assist non-profit organizations to efficiently deliver or operate in the aspects of accounting, consulting, financial planning, fundraising, legal counsel, and more. |
| 54. |
Is my scholarship grant subject to federal income tax?
This will depend on how you will use your scholarship grant. If your scholarship grant was given to pay for tuition fees and other school-related expenses such as books, supplies and equipment, the amount you received is not taxable.
However, if you will use the free money for room, board, and other personal expenses then the amount received will be taxable.
If the grantee is not a candidate for a degree, entire scholarship received is taxable. If you receive a grant in exchange for performing required services for the school, the amount of the grant is generally taxable. |
| 55. |
What shall I do if my application was turned down?
If your application was turned down, find out from your grant making agency why you were declined. You may ask for written comments on your grant proposal which can be a good learning tool for you. Getting feedbacks on your application will help improve your chances on receiving grants the next time around. |
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