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Free Government Grants-For Both Individuals And Organizations

Many people inquire whether free government grants are considered to be an option for organizations and persons to access free money. The question is who is eligible and how to apply for free government grants. Let us explore the myths and truths that surround government grants.

There is free money available from the government.

True. There is an abundance of grant money the federal government awards across the county. The U.S. government awards hundreds of millions in free government grants through 26 federal agencies and 900 grant programs. This free government money meets the definition of grants in that they never need to be repaid.

There is plenty of free government grant money for individuals.

Myth. There is very little money from the government for individuals. What is important is to understand what free government money for which you are eligible. Those who are most likely to be awarded free government grants include: government, education, public housing, non-profit, and for-profit organizations.

The federal government gives a large percentage of its grant money to the States, institutions and companies. Then those organizations will administer free government grant money and distribute it to organizations and companies in their local area.

There exists some free government grants for individuals.

True. There is free government money for individuals through Pell Grants, Research Grants, and other programs. This free money may be given to individuals who meet strict eligibility requirements. Pell Grants are given to pay for college based on financial need. Research Grants are given to doctoral level (e.g., Ph.D or MD) applicants who have either a track record or promise for success.

Many people are eligible for free government financial assistance.

True. While it is a myth that there are plentiful government grants for individuals, it is true that many people are entitled to benefits. There are a range of benefits to help people pay for food, rent, utilities, baby formula, and meet many basic needs. There are also unemployment benefits, disability benefits and free medical assistance. Veterans are also entitled to certain benefits.

This assistance is not a grant, but direct assistance to individuals. You receive benefits if you meet the eligibility guidelines. You also must provide proof of your actual income. Any person can fill out an eligibility form online with the federal government at www.benefits.gov.

The is free government grant money for small businesses

Part True, Part Myth. There is no direct federal aid for small businesses. The federal government has been widely criticized for not giving free government grants to small businesses. However, the Small Business Administration (sba.gov) can point small business owners to grant and loan programs in their area. Most grants require a match, which means you or an investor must put up money to receive a grant. Therefore, free government money to businesses is limited.