Chapter 11
Introducing Federal Grants
IN THIS CHAPTER
Understanding the significant role of grants
Identifying funding opportunities
Following grant guidelines
Most nonprofit executives spend sleepless nights worrying about finances and wondering if donors will continue to support the organization’s mission. Have you been one of those directors or managers who tossed and turned, wondering where the money for your next project is coming from?
Applying for and using federal grants are wise moves to secure more dependable sources of revenue. Being awarded a federal grant is just like money in the bank. Although the check doesn’t come in the mail, the money is reserved for you at the U.S. Treasury.
Some nonprofit directors openly express a disinterest in federal money. One of the reasons is that they don’t understand the process. Another reason is the stiff federal penalties and serious repercussion for abuse and mismanagement of federal grant funds.
Nevertheless, I wouldn’t attempt to operate a nonprofit without federal money. The federal government is holding our tax dollars and has set aside funding to fulfill needs addressed by nonprofit charitable organizations like yours. Don’t ...
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