The Complete Grant Writing Guide for Nonprofits and Small Business

by Kincaid and Le Companies LLC

The biggest misconception about grants is that they are free money. They are not. A grant is a contract between you and the funder. They give you money. In return, you agree to use that money for a specific purpose, report on your progress, achieve measurable outcomes, and follow their rules. Break the contract and you return the money -- sometimes with penalties.