Grant (money)

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Grants are funds given to tax-exempt nonprofit organizations or local governments by foundations, corporations, governments, small business and individuals. Most grants are made to fund a specific project and require some level of reporting. The process involves an applicant submitting a proposal to a potential funder, either on the applicant's own initiative or in response to a Request for Proposals from the funder. Other grants can be given to individuals, such as victims of natural disasters or individuals who seek to open a small business.

Other grants include intergovernmental grants which are used to correct fiscal imbalances between different levels of government. Many federations use these grants to correct imbalances between taxing and spending across different levels of government. Examples include the US, Australia and Kenya.

Contents

[edit] Northern and Central America

[edit] USA

[edit] Government Grants

Grants are only available to tax-exempt organizations such as nonprofits under IRS 501(c)(3) in the US, and to local governments. Grants are not available to individuals (except scholarships) or to for-profit businesses. However, there is a growing industry in the US that promises "free government money" to "start a business, pay off debt or buy a house". These appear on late night TV, by telemarketing, direct mail or traveling "conferences". As a rule of thumb, anyone advertising "free money that you don't have to pay back" is a scam. [citation needed]

Most often, grants are issued by the government to students through attending post-secondary education institutions. In certain cases, a part of a government loan is issued as a grant, particularly pertaining to promising students seeking financial support for continuing their educations.

[edit] Europe (EU)

[edit] Denmark

[edit] SU

SU is the States Educationsupport (Statens Uddannelsesstøtte) and is available to all students, including students as young as 16 years of age. This is available to all age groups currently under courses. There are two systems of SU.

  • Youth Education (UngdomsUddannelse)

Available to all students in pre-college educations.

  • Post-Secondary Education (Videre Gående)

Available to all students in post-secondary or higher educations. This system is a clip card grant good for 5 years and 10 months.

[edit] UK

Other grants are available in the UK and Europe for small projects and fieldwork.

[edit] External links


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