Grants

Question 1

What are grants

Answer 1

Grants are non-repayable funds made up of donations from people and/or organizations that are managed and distributed by community foundations.

Question 2

Who are grants usually provided by

Answer 2

The government

Question 3

What are the advantages of grants

Answer 3

Grants do not need to be paid back as they are issued by the government.

A grant is essentially free publicity.

Grants aid non profit businesses and allows them to thrive.

Question 4

What are the disadvantages of grants

Answer 4

Only 10% of grant applicants receive it.

Grants aren’t a long term source of finance.

On the terms of setting up, grants are quite time consuming.

Question 5

In what situations are grants used normally

Answer 5

Implement government policies.

Pilot new ways of doing things.

Secure agreed outcomes.

Finance or reimburse activities
that meet the government’s priorities and objectives.

Question 6

Are grants a long term or short term source of finance

Answer 6

Short term source of finance