Consulting

What is a grant?

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What is a grant?

First, the technical answer. A grant is a sum of money “funders” or “grant makers” provide to an “applicant” or “grant seeker” for a specific purpose. Grant funding does not have to be repaid–it is not a loan. In some cases, however, if a grant is not used as intended, the funds must be refunded to the grantmaker.

From a grantsmanship standpoint: a grant is a tool nonprofits use to address important issues within their communities. A grant proposal is actually a call to action. It’s a request that a funder join the nonprofit as a partner in achieving specific results. At its best, a grant proposal is a compelling  and well-supported argument for change.

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Who makes grants?

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Who makes grants?

There are many types of grantmakers–federal, state, county, and municipal governments; corporations; private foundations; public charities; trusts; religious institutions, etc. Each grant maker has its own specific interests and requirements.

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