What Are Federal Money?

Government grants refers to monetary funds and money that are lawfully presented to individuals who satisfy definite criteria by various government agencies, corporations, privileged individuals, departments, foundations etc. The citizens of the United States of America can apply for grants. Most individuals are not aware of these grants granted by the government and how easily one can apply and get them. It is because of this reason that many government grants go unclaimed every year for various reasons. These are basically just financial benefits that are made accessible to the individuals.

There are many groups and organisations that are eligible to apply for government grants. Some of them are: Government establishments like State government, City or Township Governments, Special District Governments, etc. Educational organisations like Independent school districts, Private Institutions of Advanced Education, Public and State Controlled Institutions of Advanced Education Public housing organisations and non profit organisations Profit organisations like small businesses that fulfill the size standards that are specified by the U.S. Small Business Administration (SBA)

People can also apply for government grants. However, they can do so solely on their behalf and not for a business, an organisation or a government group. When one signs up as an individual, then he or she is eligible only for these grants open for individuals. Twenty-six federal authorities that give over nine hundred government grant programs are presently operational in the US.

There are four main types of grants. The first are the project grants. These are presented to people on competitive bases. These grants are used mainly for conducting scientific research, employed to aid educational goals, for welfare works, several technological developments, healthcare, projects concerned to arts, etc. The second type of government grants are those that are used for people who could do with work related training. The next type of grant is categorical grants that are used for several intentions like hazard abatement project, urban forestry assistance and other specific projects. The last set of grants are block grants, wherein a huge amount of money is granted to state or lower government bodies with specified provisions on how they must be utilised.

Either you should be a U.S. citizen over 18 years of age or you should be a resident alien if you want to apply for and claim government grants. It is only if you fulfill these standards will you be able to avail a copy of the grant application package, complete the application and submit it.

Government Grants are open to everyone. However, the Government does NOT come to you. You have to take the action to apply for grant kit and claim this free government money.