What Are the Different Types of Grants for Nonprofit Organizations?

If you are in the process of fundraising for a nonprofit organization, you should be familiar with different grant types that can be available to you. Knowing about all such grants for nonprofit organizations can make your fundraising very beneficial, which will be great in the long term.

Competitive Grants

As a nonprofit organization, you need to submit a proposal to get competitive grants. A team of reviewers review your proposal and evaluate the criteria of your organization for funding. Different competitive grants give scores to each proposal, and the one with the highest score will get the funding.

Continuation Grants

When a nonprofit organization needs to renew its previous grant funding, continuation grants exist in such cases. To be awarded with this, it's important to meet all the conditions of your first grant funding.

Pass Through Grants

The federal government passes pass-through grants to local or state governments. The organization needs to apply to their municipal or state government. It includes competitive grants.

Formula Grants

These are non-competitive grants, where funding is distributed depending upon the fulfilment of predetermined criteria. All the organizations that have applied for this will get the funding, provided they have fulfilled the norms, and the amount will vary depending on specific benchmarks.

To wrap up:

To get grants for nonprofit organizations, you can apply for any of the above. These can easily be awarded, provided you have met all the required criteria. You can also contact USA Grant Application for more details.