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A grant is a financial award given by a government entity, foundation, corporation, or other organization to an individual or organization for a specific purpose. Unlike loans , grants do not need to be repaid, [ 1 ] making them an attractive source of funding for various activities, such as research, education, public service projects, and ...
Examples of this type of grant includes the Community Development Block Grant and the Alcohol, Drug Abuse, and Mental Health Services Block Grant. Recipients of block grants have more leeway in using funds than recipients of individual categorical grants. [citation needed] Earmark grants are explicitly specified in appropriations of the U.S ...
In the United States, federal grants are economic aid issued by the United States government out of the general federal revenue. A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States.
Organizations are invited to apply for a portion of the $50,000 total grant to fund innovative programs during fiscal year 2025 that are dedicated to instilling financial literacy among young ...
Categorical grants, also called conditional grants, are grants issued by the United States Congress which may be spent only for narrowly defined purposes. They are the main source of federal aid to state and local governments and can be used only for specified categories of state and local spending, such as education or roads.
Popular examples includes cash grants and interest-free loans. Subsidies can also be classified as indirect when they do not involve actual payments. An example would be an increase in disposable income arising from a decrease in price of an essential good or service that the government has enforced in a form of monetary support.
Leaders of the college financial aid system assailed the Education Department over this year’s FAFSA debacle, warning that ongoing delays are extending institutions’ timelines for offering ...
Where NGOs or business enterprises are dedicating a substantial amount of non-governmental resources to their projects, they can receive USAID funding through "Global Development Alliance" grants, provided that the non-governmental resources are at least equal in value to USAID's grant. In general, USAID provides financial assistance to support ...
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