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The U.S. Economic Development Administration (EDA) is an agency in the United States Department of Commerce that provides grants and technical assistance to economically distressed communities in order to generate new employment, help retain existing jobs and stimulate industrial and commercial growth through a variety of investment programs. EDA works with boards and communities across the country on economic development strategies.
A foundation is a type of nonprofit organization or charitable trust that usually provides funding and support to other charitable organizations through grants, while also potentially participating directly in charitable activities. Foundations encompass public charitable foundations, like community foundations, and private foundations, which are often endowed by an individual or family. Nevertheless, the term "foundation" might also be adopted by organizations not primarily engaged in public grantmaking.
Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm uses its internal reserves to satisfy its necessity for cash, while the term financing is used when the firm acquires capital from external sources.
A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being.
Matching funds are funds that are set to be paid in proportion to funds available from other sources. Matching fund payments usually arise in situations of charity or public good. The terms cost sharing, in-kind, and matching can be used interchangeably but refer to different types of donations.
A grant is a financial award given by a government entity, foundation, corporation, or other organization to an individual or organization for a specific purpose. Unlike loans, grants do not need to be repaid, making them an attractive source of funding for various activities, such as research, education, public service projects, and business ventures. Examples include student grants, research grants, the Sovereign Grant paid by the UK Treasury to the monarch, and some European Regional Development Fund payments in the European Union.
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Fund accounting is an accounting system for recording resources whose use has been limited by the donor, grant authority, governing agency, or other individuals or organisations or by law. It emphasizes accountability rather than profitability, and is used by nonprofit organizations and by governments. In this method, a fund consists of a self-balancing set of accounts and each are reported as either unrestricted, temporarily restricted or permanently restricted based on the provider-imposed restrictions.
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In the United States, federal assistance, also known as federal aid, federal benefits, or federal funds, is defined as any federal program, project, service, or activity provided by the federal government that directly assists domestic governments, organizations, or individuals in the areas of education, health, public safety, public welfare, and public works, among others.
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The Community Foundation of the Eastern Shore (CFES) was established in 1984, and is located in Salisbury, Maryland. Its mission is to "To strengthen our community by connecting people who care with causes that matter to improve quality of life in our region" and its vision is for "...a community where all can live, learn, work, create and prosper". It serves the three lower counties of the Eastern Shore of Maryland: Somerset, Wicomico, and Worcester.
Grant management software is a program or application that helps non-profits administer the grant process. Some software is designed to help foundations to organize, prioritize, and process the grant applications they receive from charities, as well as simplify oversight of the grants they make. Other software is designed to be used by grantseekers to help them organize and write their grant applications. Both types of software, as well as combined solutions serving both sets of users, are available as self-hosted programs or web-based cloud applications.
El Pomar Foundation is a private, general purpose foundation established in 1937 by Spencer and Julie Penrose. With a mission to "enhance, encourage, and promote the current and future well-being of the people of Colorado," El Pomar Foundation provides more than $22 million annually in grants and programs throughout the state.
The David Bohnett Foundation is a private foundation that gives grants to organizations that focus on its core giving areas – primarily Los Angeles area programs and LGBT rights in the United States, as well as leadership initiatives and voter education, gun violence prevention, and animal language research. It was founded by David Bohnett in 1999. As of 2022, the foundation has donated $125 million to nonprofit organizations and initiatives.
The Hispanic Federation (HF) is a U.S based non-governmental organization focused on supporting Hispanic communities through local, state, and national advocacy. The Federation was founded in New York City in 1990 by a small group of Latino leaders, establishing initiatives to advocate for the interests of the Hispanic community and has expanded to establish programs, and policies in 16 states. The organization's objective is to empower and advance the Hispanic community primarily through service pillars, membership services, advocacy, and community programs. The Federation has formed relationships with a network of 100 Latino grassroots nonprofits, as well as collaborating with organizations, government officials, and private sector partners to enact systemic change related to a variety of socioeconomic issues for Hispanic communities. The Federation has gained national recognition for its work in areas of education, health, immigration, economic empowerment, civic engagement, environment, and organizational development to strengthening Latino institutions to ultimately increase the quality of life within Hispanic communities.
The Foundation for the Carolinas is a donor-advised charity with a non-exclusive focus on North Carolina and South Carolina.
References
- ↑ U.S. Government Publishing Office. "Federal Grant and Cooperative Agreement Act of 1977." Available at: (https://www.govinfo.gov/content/pkg/STATUTE-91/pdf/STATUTE-91-Pg319.pdf). Accessed 19 November 2024.
- ↑ "31 U.S. Code § 6305 - Using cooperative agreements". LII / Legal Information Institute.
- ↑ Biden, J., Ensuring the Future Is Made in All of America by All of America's Workers, Executive Order 14005, published 28 January 2021, accessed 3 November 2023
- ↑ - FederalGrants.com; definition of "block grant"
- ↑ Jonathan Weisman (March 27, 2006). "Proposals Call For Disclosure of Ties to Lobbyists". Washington Post. Retrieved May 2, 2010.
- ↑ "Students grants and scholarships".
- ↑ Dynes, Adam M., and Gregory A. Huber. 2015. “Partisanship and the Allocation of Federal Spending: Do Same-Party Legislators or Voters Benefit from Shared Party Affiliation with the President and House Majority?” American Political Science Review 109 (1). Cambridge University Press: 172–86. doi:10.1017/S000305541400063X.
- ↑ Kriner, Douglas L., and Andrew Reeves. 2015. The Particularistic President: Executive Branch Politics and Political Inequality. Cambridge: Cambridge University Press. doi:10.1017/CBO9781139839341.
- ↑ Napolio, Nicholas G. 2021. “Implementing Presidential Particularism: Bureaucracy and the Distribution of Federal Grants.” Political Science Research and Methods. Cambridge University Press, 1–11. doi:10.1017/psrm.2021.29.