There numerous amount of government grants, but today we’ll be discussing about grants for nonprofit businesses. Organization must be operated in a certain way to be considered (nonprofit organization) tax exempt status under section 501(c)(3 In most cases) *charitable organizations*. (https://www.irs.gov/charities-non-profits/charitable-organizations/exemption-requirements-section-501-c-3-organizations).
Religious, political, and other nonprofit organization must have 501(c)(3) status to qualify for funding opportunities. Not only does this qualify you to receive contributions, it’ll be tax-deductible contributions under code section 170. The following IRS link below takes you to an overview slide on how to apply for 501(c)(3) status. (https://www.stayexempt.irs.gov/Starting-Out/Applying-for-Section-501c3-Status)
There are many different sources where grants can come from, such as, fed, state, local, and foundations. Just be sure to remember that government has strict rules who it provides grants to and what those funds can be used for.
Amount of grants for nonprofit organizations are actually quite plentiful. Grants.gov and Grantwatch.com are the one stop shop to visit to find out what industries are qualified and what application you need to submit, as well as monitoring the status of his or her application. For government grants, visit (http://www.grants.gov/web/grants/search-grants.html) to search for the grants you are applicable for. Amounts of grants vary from agriculture, arts, commerce, and more. In the search area, mark the category, agency, eligibility, and other necessary boxes to see if there are any grants that applies to your business.
After finding what you like, view the grant by clicking on the opportunity number to see if you are eligible to apply. The one I’ve clicked in particular allows proposals to be submitted by only universities and colleges that are accredited.
For any other grants, it’s best to visit (https://www.grantwatch.com/all-grants.php) since it’s a safe website. Other websites may or may not be legit, so make sure you do your research.