For a nonprofit organization to be a success, they must learn how to raise money. How will you be able to carry out your organization’s mission without any source of funds? When it comes to getting funds for newly established nonprofit organizations, you have grants for non profit organizations. Grants are given by individuals, organizations, corporations, government and other sources. It is a form of funding that doesn’t require repayment. Each year, billions of dollars in grants are given to nonprofit organizations in the United States. Grants are typically divided into three classifications: unrestricted grants, restricted grants and in-kind grants.

What’s the difference between these grants? While unrestricted grants can be used for any purpose, restricted grants should only be spent according to the grant proposal. It cannot be used for purposes other than the stated financing need. Though unrestricted grants can be used for any purpose, all proceeds should still be used to accomplish the mission of the organization as well as the everyday expenses of the organization such as payroll, office supplies and others. These are grants that are used to fund the existence of the nonprofit organization in general. In-kind grants are different from the first two types of grants. Instead of money, these grants are given in the form of products and services such as tools, computer software, school supplies, etc. All three types of grants are good options for those looking for nonprofit grants.

Grantors however do not easily give grants to any nonprofit organization. Applying for grants can be difficult since grantors also have specific requirements and qualifying factors that you need to meet before you get grants. For grants management, contact Community Initiatives. Grants management, financial management, human resources are just some of the services they offer. You can find them at 354 Pine Street, Suite 700, San Francisco, CA 94104.