Daycare Grants & ChildCare Grants
Are you a small day care owner dreaming of one day expanding your operations? Or a day care provider wanting to set up your own child care center at home? Are you a young parent wanting to return to college but want to be assured that your young children are being given utmost care and nurturing while you are away?
These and more are just some situations which can be resolved by applying for a day care or child care grant. With a renewed focus on improving services and benefits for its citizens, the federal government, states, as well as various institutions and organizations have teamed up to offer different types of grants.
While the grants do not exactly amount to a fortune, these are still substantial amounts meant to bridge or meet the needs of different people.
Daycaregrants.Org has compiled and listed the different available grants in all 50 states . We want to help you find the right grant and benefactor for your situation.
Are You Serious in Applying for a Grant?
Do you really need a daycare or child care grant? Most people will answer this question with a resounding “yes”, with a big grin in their faces. But before you go on thinking that grants are free and easy money, you must know that you will be exerting effort for the approval of your request for grants.
To request for the approval for grant is not that easy. You need a lot of commitment to make the plans materialize. Each benefactor has their own sets of qualifications which the applicants must follow to get the approval of their request.
Some applicants find filling out the application form boring and a waste of time. On the other hand, the facts gathered by the benefactor will allow them to know how important the project that you proposed is.
Let’s say, one of the questions asked is how much fund is to be allocated for your proposed project and you did not answer it faithfully, do you think the benefactor will trust you enough to award the money? The answer is no.
There are 5 major questions you have to answer carefully for you to have the approval of your request.
- How are you going to use the money?
- Who will be the beneficiaries of the grant?
- What are the requirements of the project?
- When will the project commence and finish?
- Why did you come out with this kind of project?
The more precise in answering these question the more chance in granting your request.
- General Purpose or Operating Support Grants. In this type of funding, the grant giver supports your venture in all general expenses, from definite programs to essential bills. They do not ask for any liquidation hoping you will spend the money in good cause.
- Planning Grants: You need to sit down to plan the details of a new project before you can write a proposal letter. You need a lot of time and money in planning all specific and important details. Know how much it will cost, know also the problems that may arise and figure out what will be the outcome. You may seek advice from a knowledgeable person, to support you in planning a successful project.
- Program or Project Support Grants. Granters support various programs or projects. These grants are used in a more detailed project that requires a detailed program. These grants are only used for that specific purpose only.
- Management or Technical Support Grants: In this type of grants the management hires a paid marketing consultant to assist the new business. The grant goes directly to help the management of the organizations or the administration, the fund raising, marketing.
- Endowment Grants: These are normally grants awarded to nonprofit organizations such as hospitals and colleges. What they do with these grants is they set aside the capital and they only use the interest for their expenses. The benefactors want to make sure their grants will be safe in the endowment earning interest and serve its purpose.
- Facilities and Equipment Grants: The investors help the company to buy long lasting equipment to serve the consumer better. They invest money in buying some long term physical assets, building, computers or transportation service. The investors in this case are not interested in the financial welfare or the future goal of the organization.
- Long term Support Grants: These long term support grants are usually used for educational plans or some type of projects that needs a lot of time to accomplish. These grants need to have some supporting documents for payment purposes. These grants are been given out for a long period of time.
- Investment Money or Initial Grants: Investment money will be given to the new investor in its first few years. This initiative is to help them have a good start and give them much time in concentrating in the project so they may have fewer worries about raising funds. Initial grants mostly last more than one year, and reduced in amount every year. For example, if an initial fund is for about $50,000, the following it year will be come $25,000, for the last year it will be $1,000. By that time the investor believes that the organization has become stable enough to raise funds for paying back the initial grant. This type of grant normally needs a very detailed plan.
- Matching Grants: Normally these grants are a joint effort by some foundations that want to get involved in huge projects. The applicants are required to match the amount of money being awarded to them; normally the matching is dollar to dollar. The matching grants are very useful for the company who do not have enough capital for their project and these types of funding benefits more organizations.
Grant Limitations and Rejection
Keep in mind that in searching for funds, certain limitations are imposed in different types of grants. A specific deadline is also required by some investors for you to apply, and the awarded funds must be utilized at a particular date. For large projects, some grants such as those for research, require a specific timeline. The grant has to be received and spent within a specified period of time. Some grantors are known to have withdrawn from giving grants to those who have not followed this rule.
The grant requested and awarded must only be used solely for the specified project. For example, you cannot use the funding for teaching soap making if the funding was granted only for dog training. An exception can be had if the investor was notified of the change of program and the investor has agreed. A permission letter from the grantor would be needed so make sure you have it.
There are times that your request will not be granted; it doesn’t mean that you should lose hope. Learn the art of handling rejection gracefully. Be strong and dedicated enough to request for another one. You can apply again for the same type of funding if you want.
Many groups of investors permit the applicants to undergo the same process as long as you can still bear the hardships of seeking funds and undergo the same arduous process of applying. However if you think and feel you cannot stand the same process and dedication of seeking funds then, perhaps its about time to think of other ways to raise funds.
You have to understand that this kind of raising money takes a lot of dedication and effort. This is not to discourage anyone from seeking help to get the funds they need. The point here is that seeking funds takes some time and a lot of patience.