FREE Government Grants: Federal and State

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FREE Government Grants From $500 - $500,000 Are Being Given Away

 

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The passage below is from the reference book "Free Government Grants: Federal & State". Read the full contents, fully formatted, complete with all indexes, references and full information

How to apply for free governments grants

grant for the Block Grants Program may not exceed 90 percent of the total costs of a program. The applicant's matching share must be in the form of cash. The amount of the required match can be computed by calculating one-ninth of the Federal portion of program costs. For example, if $90,000 of Federal funds is requested, this amount multiplied by 1/9th requires a local entity to match it with $10,000. The Federal amount ($90,000) plus the match ($10,000) should be combined to equal the total program proposal cost. The matching requirement is only applicable to the amount of the Federal award, not any interest or income derived therefrom. The applicant must certify as part of its application that the funds required to pay the nonfederal portion of the cost of each program will be made available for expenditure during the grant period. This certification is made by including the total match amount on the application form and signing the certified assurances document. Regardless of the source of match, it must be expended during the period of the Block Grant. All grantees must maintain records that clearly show the source, the amount, and the timing of all matching contributions. There is no waiver provision for the match. Allowable sources of the match include funds from the following: (1) States and local units of government; (2) Housing and Community Development Act of 1974; (3) Appalachian Regional 371

 

 

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