Tuesday, June 20, 2006

How does grant money work?

As I have said many, many times before no two grant programs are alike so this also means that the way(s) that one receives grant money will not be the same.  However the answer that a lot of people want to know is if they will get the money in check form.  The answer to that is that it will depend on the grant program itself.  Yes there are some grant programs that issue a check made out to the person (or organization) that has won the grant award and I can tell you that in an example my client was issued the check, it was deposited and it took 2 days for the check to clear.  In this particular case the money could be used for anything and that is EXACTLY what it was used for - ie buy food and paid some bills!

In other cases the grant money is not paid directly to the person it is paid to a creditor, supplier, merchant, etc., - it will depend on what the grant is being used for.

So as with all questions about grants there is no one simple answer.  It will depend on the individual grant program itself.

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