The grant program prohibits “for-profit” organizations from applying for grant funding. How do I determine if I am not “for-profit”?
If you are a municipally-based organization, i.e., an organization that provides service on behalf of a governmental entity, or if you are registered with the IRS as a 501(c) corporation, you are eligible to receive funding from the grant program. According to the IRS definition, a 501(c)(3) corporation is: “A corporation, or any community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes . . . no part of the net earnings of which inures to the benefit of any private shareholder or individual . . .” According to the IRS definition, a 501(c)(4) corporation is: “A civic league or organization not organized for profit but operated exclusively for the promotion of social welfare . . . and the net earnings of which are devoted exclusively to charitable, educational, or recreational purposes.” Both of these “501(c)” corporations are nonprofit which is what the AFG regulations prov
Related Questions
- The grant program prohibits "for-profit" organizations from applying for grant funding. How do I determine if I am not "for-profit"?
- Can businesses, industrial entities, or for-profit organizations apply to the IMAT Program’s R21 and R33 solicitations?
- Are for-profit organizations eligible for Finding Answers funding?
