To keep primary missions alive and in service to the greater public good, not for profit entities depend on all types of nonprofit funding. Grants for nonprofit organizations such as trusts and foundations provide bulk funding which can then be granted in-turn to smaller charities. Nonprofit government grants are also a viable form of nonprofit funding.
A nonprofit organization is defined as an organization constructed for other than profit-making activities. There are IRS exempt 501-C-3 nonprofit organizations, non-IRS-exempt nonprofit organizations, foundations which grant funding to smaller or affiliate nonprofits and more. Because nonprofit organizations sometimes have paid staff, along with operational and overhead costs, they depend heavily on grants for nonprofit organizations to keep the entity alive and functioning.
Grants for nonprofit organizations come in several forms, with a simple few the most abundant. The most popular and easily obtained grants are private foundation grants, corporate foundation nonprofit grants and government grants for non profit. Private nonprofit funding and corporate nonprofit funding requests are reviewed by qualified peer reviewers, usually business people with extensive experience in finance, relevant subject matter and logistics. Conversely, nonprofit government grant requests are usually reviewed by scientists, technical experts and military officers in mix with the general public.
Private Foundation Nonprofit Funding
Wikipedia, the free Internet encyclopedia, defines a foundation as a legal categorization of nonprofit organizations that will typically either donate funds in support of other organizations, or provide the source of funding for its own charitable purposes. A prime example is the Hare Krishna organization. Food for Life Global was their main foundation granting smaller in-kind nonprofit grants to their network of sixty six international affiliates. Many non profit grants organizations are funded through private foundation not for profit funding. This category also includes private family foundation nonprofit funding entities.
Corporate Foundation Nonprofit Funding
Wikipedia defines a corporate foundation as a private foundation which derives its grant making funds primarily from the contributions derived from a profit making business. Large international and national corporations whose executive leadership exhibits a sense of social responsibility offer nonprofit grants and nonprofit grants organizations to further a defined and needed cause serving the social good of the people. Just a few of the top corporate foundations are the sanofi-aventis Patient Assistance Foundation giving over 400 million dollars, and the Wal-Mart Foundation giving just over 250 million dollars. The Bank of America Charitable Foundation tops the number three spot with just over 200 million dollars donated to individuals and nonprofit grants.
Nonprofit Government Grants
Nonprofit government grants from the federal government while providing the highest payouts are also the most exacting, frustrating and tedious to win. Before you are allowed to apply for government grants for nonprofit, the requesting entity must endure a long and exacting process of initial registration and approval – only to repeat the process over and over with the various governmental agencies awarding the grants for nonprofit organizations. For scientific and research purposes, this is a popular means of
nonprofit funding.
If you seek grants for nonprofit organizations, nonprofit funding through private or corporate foundations or nonprofit government grants, diligence and patience will pay off in the longrun.
