A

Agency: Department or branch of a federal, state, or local government.  May also refer to a public charity, which is also sometimes called an organization.

Allowable Costs: An approved expenditure for a funded project, determined by the funder. This term is more often used in government grants, but is sometimes also used in private foundation grants.  For many federal grants, the federal Office of Management and Budget (OMB), is the best guidance source for determining allowable costs that may be requested in grant budgets and charged to the grant account. OMB Circular A-21 defines allowable costs as those that:

  • Are reasonable.
  • Are allocable to the project.
  • Are given consistent treatment by use of generally accepted accounting principles.
  • Conform to any limitations or exclusions set forth by the sponsored agreement or OMB Circular A-21

American Recovery and Reinvestment Act (ARRA) of 2009: The economic stimulus package of $787 billion (Also known as the “Recovery Act”, was signed into law by the President on February 17, 2009; it is the economic stimulus package of $787 billion. “Making supplemental appropriations for job preservation and creation, infrastructure investment, energy efficiency and science, assistance to the unemployed, and State and local fiscal stabilization, for the fiscal year ending September 30, 2009, and for other purposes”.

Application Package: A group of specific forms and documents for a specific funding opportunity which are used to apply for a grant.

Application Package Template: One or more forms and documents which can be reused for multiple opportunity-specific application packages.

Assets: The amount of capital or principal — money, stocks, bonds, real estate, or other resources — controlled by a foundation or corporate giving program. Generally, assets are invested and the resulting income is used to make grants.

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2 responses to “A

  1. Hi Dawn~
    You know what would be really useful? A way for a woman with a GED and the ability to speak comfortably in front of crowds to get a grant for $4500 so she can go to school to learn the ins and outs of operating a stage hypnosis business and a few bucks for gas to get to and from the first couple of shows. All the grants I’ve been able to find for a business seem to want an MBA and a storefront. I am planning to hire someone with an MBA to run my business after I complete the school and get paid for the first couple of shows. Also, a storefront would be useless to someone who wants to travel around the country and put on hypnosis shows. How do I get someone to help me out with the money I need? I am an unpaid caregiver for my disabled husband, so the money around here is tight to say the least. I have someone who is willing to trade caregiving while I’m gone for free rent.
    My husband is going down hill pretty fast. He would be under much less stress if he could rest assured that I was well prepared to support myself after he and his income have gone. Can you point me in the right direction?

    • grantgreekdiva

      Hi Emily,

      I’m not sure where you would go to find the kind of grant you are talking about. Most grants are designed to address a community problem or if to start a business to provide jobs. However there are sometimes groups that offer small business start-up technical assistance or even small loans to help you get started. A good friend of mine who was unemployed signed up for a class offered through a group at Salem State College in Massachusetts that helped him create a business plan and then using his business plan he got a loan to start his business and his business became very successful very quickly. I’d recommend doing some research in your town or region on what kinds of small business start up help might be available to help you get rolling. You never know what you may uncover as you talk to people and find out what’s out there. Sometimes even the unemployment offices have information about those kinds of resources which are often worth investing the time to look into. And you could find out who the City or town community development leaders are and ask them. Cities and towns get a lot of criticism but in my experience they also know a lot about local resources and will often refer you to services or programs you may not be aware of. Hope that helps! Thanks for the message. Please keep me posted on your progress. Sounds like a great business idea!

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