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What are Grants?
Grants are free money and do not need repayment. These may be awarded to individuals or organizations by either the government or foundations, both public and private. The grant money can be in the form of scholarships for individuals or donations to non-profit organizations. If you are applying for grants, keep in mind that grants are awarded to projects that will benefit a community or the public in general.
Today, there are at least 25,000 government and foundation grant programs available but most are not advertised. |
| 02. |
Who can apply for grants?
A common misconception about grants is that anybody over 18 can just apply for grants. Truth is, grant money is usually given to individuals in the form of scholarships or to organizations having a mission that will benefit a community or the public in general.
Educational institutions, non-profit and community organizations, minorities, and health care groups are the common recipients of grants. But there are other grants available from different grant making agencies.
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| 03. |
How do I apply for Grants?
When applying for grants, you need to have at least one or all of the following completed documents:
a. Application – You may request this form from your potential grant making agency. It usually comes with set of guidelines for you to follow. Fill out this form according to the guidelines. Usually you only need to submit the application form and no other attachments if your request is $2,500 or less.
b. Letter of Appeal - This is a summarized version of your grant proposal. This includes a brief description of the program and the amount of grant money you are requesting.
c. Proposal – This contains a more comprehensive description of your grant request. Every section must be discussed in detail. The success of a grant request relies heavily on how well a grant proposal is written. The grant proposal is an important requirement especially if you are applying for grants of $5,000 and up.
Simplified, here are the right steps to take when applying for grants:
• Send your Letter of Appeal to a potential grant making agency.
• The grant making agency will then send an Application Form and their list of guidelines.
• Submit the Application Form together with the grant proposal as much as possible way before the given deadline.
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