las vegas national grant writing authority?
What is the minimum that a small company can apply for with a grant. If it's your 1st attempt at obtainging a grant can you apply for any amount - say $75K?
Many small businesses looking for financial help don't want to apply for too much or too little $ and have their application appear with fraud before they even apply for the national grant. I have heard that most grant foundations go from $100,000 up to $1million. We have done our research and checked out authority websites, btu any info would be helpful.
- 1 decade agoFavorite Answer
You don't have to worry about appearing as fraud when you apply for a grant - government or private - based on howmuch money you apply for. just ask national grant writing and they should help you. The main thing is to ask for as much money as your company really needs to help accomplish your short term goals.
here are several categories of non-profits, including those exempt under 501(c)(3) (charitable, scientific, educational groups). The federal government and private grant foundations issue billions of dollars in grant money to a variety of Nonprofit organizations each year.
Section 501(c)(3) is just one of the tax law provisions granting exemption from the federal income tax to nonprofit organizations. This exemption does not cover other federal taxes such as employment taxes.
501(1)(3)exemptions apply to corporations, and any community chest fund, or foundation who are organized and operated exclusively for religious, charitable, scientific, literary, testing for public safety, educational purposes, to foster national and/or international amateur sports competition, and for the prevention of cruelty to children and/or animals.
Many corporations and foundations are required to grant a certain amount of their assets annually for a variety of reasons. Foundations are required to give away at least 5% of their total assets each year to maintain their tax-exempt status.
The IRS does not run background check on 501(c)(3) organizations. They just make sure the organizations are operating within the IRS guidelines on tax exemptions.
The Federal and many states governments are required by law to issue grants for many diverse needs. The influx of grant money into the economy creates jobs, which in turn creates more tax revenue and reduces individual (and corporate) dependency on government subsistence programs. Fraud exists when a company gets a grant and doesn't use it for their suggest reasonSource(s): yahoo.com