Which Type of Grant Will Work for Your Organization?
As a nonprofit organization, you have 10 types of grants available to you. We will discuss what they are and how they can be used.
General fund, general operating, or unrestricted grant: A funder gives this type of grant to further the general purpose or work of an organization, rather than focusing on one specific purpose or project. With this type of funding, an organization can spend the money in any way it sees fit.
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Building or Renovation:
A funder provides these types of grants for constructing, renovating, remodeling, or rehabilitating property.
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Continuing Support:
These grants can be renewed on an annual basis. You woud submit your request to funders who have supported your organization in the past.
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Curriculum Development Grants:
These awards go to schools,colleges, universities, and educational support organizations to deveop general or discipline-specific curricula.
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Emergency Funds:
These one-time grants cover immediate, short-term funding needs on an emergency basis.
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Employee Matching Gifts:
Corporate foundations usually grant these to match gifts made by corporate employees.
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Restricted or Special Project Grants:
These are awarded for specific items or special projects only. They are called restricted because the organization is only welcome to spend these types of funds on agreed-on project costs and items.
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In-Kind Gifts:
These are contributions of services, equipment, and supplies.
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Matching or Challenge Support:
Funders give grants of this type of match funds provided by another donor. They will pay only if the grantee is able to raise additional funds from another source, has in-kind support, or has funds awarded by another funder.
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Program Development:
This type of grant provides organizations with support for specific projects or programs, as opposed to general operating grants.
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Seed Money:
These grants are used to start, establish, or initiate new projects or organizations.
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Post CommentMr Michael Adedotun Oke
On February 4, 2009 at 2:42 am
Dear Sir,
We are a group of Cooperative Members in the Federal Capitakl Territory. As a President of the Society.I am Looking For Funds to organize a conference and Training Programme.Do you know any organization that i can contact .
Thanks and all the Best.
Yours Faitfully,
Mr Michael Adedotun Oke,
President,
Agric Link Multipurpose Cooperative Society Limited,
P.O.Box 11611,Garki Abuja Nigeria.