Grants are sums of money awarded by federal agencies and various organizations to finance a particular activity or facility. The federal government provides grant funding in four categories:
Formula Funding are allocations of money to states or localities in accordance with distribution formulas prescribed by law for activities of a continuing nature not confined to a specific project.
Project Grants fund specific projects for fixed periods. I can be of great assistance in securing funding.
Direct Payments for Specified Use are a form of federal funding assistance provided directly to individuals, private firms, and other private institutions to encourage or subsidize a particular activity.
Direct Payments with Unrestricted Use are a form of federal funding assistance provided directly to beneficiaries who satisfy federal eligibility requirements with no restrictions on how money is spent.
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