A Peek Into the World of Grant writing
Written by Preethi Burkholder, Author, Finding the Money: The Complete Guide to Financial Aid for Actors, Musicians, Artists, and Students.
Individual applicants qualify to apply for funding on their own merit, without the backing of an institution. Private foundations and family trusts are more likely to award grants to individuals than the federal government. Private foundation awards may be small, but are easier to get than federal government grants.
Grants to individuals are awarded for various purposes. Here is a list of common causes:
• Higher education
• Publishing books
• Conducting research
• Emergency funding
• Starting a small business
• Humanitarian work in developing countries
Grants for College Tuition
There are two basic categories of student financial aid:
• Non Need-based
When students do not have sufficient financial resources to pay for their education and careers, they are generally considered to have “financial need.” Non need-based aid is often referred to as merit-based aid and is frequently awarded to students in recognition of special skills, talents, or academic abilities.
Individuals qualify for emergency expenses that help with their day to day living expenses. Some of the categories for emergency living expenses include:
• Health insurance
• Hospital bills
• Loan and debt payments
• Disaster relief from events such as tornadoes, hurricanes, floods, and tsunami
• Monthly rent/mortgage
• Payment of medical bills
• Addiction recovery expenses (rehabilitation for alcoholic treatment; substance abuse treatment; psychotherapy, detoxification, sober living counseling)
• Food and clothing
• Physical therapy
• Child care, babysitting expenses
• Utility Bill Subsidies
Technical Terms of Grant Types
To do effective research you need to know what types of grants are available out there. Once you determine the type of grant that best suits the client you are working for, you can funnel your research process with a sharper focus.
• A Project Grant
A project grant supports a particular project or program of an individual or organization. For example, it could pay a university to conduct research on asthma or to organize a summer music festival in the community.
• An Operating Grant
An operating grant is a grant made to an organization or individual to cover operating expenses for an ongoing program or project. This type of broad-based, unrestricted grant can cover anything from rent to the electricity bill to staff salaries or artists’ fees. In other words, anything needed to keep the project going.
• A Restricted Grant
A restricted grant covers one specified part of a project, such as the fee for a musical score for a theater production being presented by an arts council.
• A General Purpose Grant
A general purpose grant is a broad-based grant, not restricted to any particular purpose, to assist with the ongoing work of an organization. These are generally given only to organizations. An example is a$50,000 grant given to the Red Cross to support its work in developing countries.
• Start up Funds or Seed Money
Start up funds or seed money are kinds of grants made to help an organization or individual start a new program or project. Seed money can cover salaries, operating expenses, and other expenses necessary to start a new venture, such as a new business.
• A Challenge Grant
A challenge grant is an award that will be paid by a contributing organization if the grant seeker is able to raise a specified amount of funds to match the grant in question. For example a foundation will give $30,000 to a nonprofit if it also raises $30,000 through another grant.
• A Matching Grant
A matching grant is similar to a challenge grant. A funder gives money to match funds granted by another organization.
• A Regrant Program
A regrant program is an arrangement whereby a private foundation or a government agency gives funds to a nonprofit organization, which in turn, administers a grant program with these funds, soliciting proposals and giving grants, usually on a local level.
• In-kind Contribution or Service
An in-kind contribution or service is a contribution to an organization or individual that might consist of materials or equipment, property, or free services of some kind. This is sometimes called a non-cash grant.
Preethi Burkholder is a grant writer and helps people to get financial aid. She is the author of three books including “Finding the Money: The Complete Guide to Financial Aid for Students, Actors, Musicians, and Artists.” Sign up on her website at http://www.giftedhandswriting.com or e-mail Preethi Burkholder at firstname.lastname@example.org ”