What Is a Foundation Grant?

Thursday, 18 Nov 2010 12:13 PM

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
A foundation grant is free monetary assistance provided to individuals and small businesses by companies, citizens, government, and nongovernment organizations. The money awarded as a grant is meant to meet particular needs and is not required to be repaid. In this respect, a grant differs from a loan. A loan is money borrowed that must be repaid, generally with interest. Grants also cater to some basic needs of the impoverished, including food, shelter, and education.
 
The purpose of financial grants
Foundation grants attempt to improve the overall standard of living in a community. Foundation grants can be utilized for various purposes like improving the sanitary drainage system, maintaining hygiene, and proper disposal of toxic waste from different industries, etc.
 
Foundation grants are given to people who are in desperate need of charity. These grants also financially support people in various business endeavors.
 
The charity from various foundations not only provides financial support to needy people, but also grants funds to students who want to pursue undergraduate or higher education. These foundations also provide grants in the form of scholarships to meritorious students, generally as discounts on course fees or in the form of payments during internships or even for cracking difficult aptitude tests.
 
In the United States, many private foundations provide grants every year for educational and other purposes like helping the victims of natural disasters, providing financial aid to organizations that are in debt, etc. So if you are looking for a grant, do not hesitate. Get in touch with these foundations, get to know their terms and conditions, and then go head and apply for a grant!

© Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink

PLEASE NOTE: All information presented on Newsmax.com is for informational purposes only. It is not specific medical advice for any individual. All answers to reader questions are provided for informational purposes only. All information presented on our websites should not be construed as medical consultation or instruction. You should take no action solely on the basis of this publication’s contents. Readers are advised to consult a health professional about any issue regarding their health and well-being. While the information found on our websites is believed to be sensible and accurate based on the author’s best judgment, readers who fail to seek counsel from appropriate health professionals assume risk of any potential ill effects. The opinions expressed in Newsmaxhealth.com and Newsmax.com do not necessarily reflect those of Newsmax Media. Please note that this advice is generic and not specific to any individual. You should consult with your doctor before undertaking any medical or nutritional course of action.

Keeping you up to speed on Lifestyle, health, and money-saving tips
 
 
Get me on Fast Features
Keeping you up to speed on Lifestyle, health, and money-saving tips
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved