1. Chapter 11 Grants

2. Definition  Gift  Unlike loans, grants do not need to be paid back  Designed for government, nonprofits, universities, or individuals  Popular tool of the government

3. Types  Categorical grants: grants for a specific purpose  Block grants: grants for a purpose, but has a broad range of possibilities  General purpose assistance: has no use restriction and is from one level of government to another

4. Facts  Most federal grant dollars are spent on formula grants, but the majority of grants are “project grants,” which are smaller in amounts  More grant money annual goes to individuals then for infrastructure  Types of grants change with presidencies

5. Facts  A great bulk of the grant programs serve relatively narrow purposes  Decide how strictly they want to enforce the program guidelines  Most grants are one time grants

6. Applying  Have it absolutely perfect  Follow the guidelines  Make sure that the your use of the grant fits into what the grant is for  Market