HE TEN FREQUENTLY ASKED QUESTIONS ABOUT GRANT MONEYby Rhonda TurpinThere are ten frequently asked questions that people ask concerning grants.Everyone would like to receive large amounts of advertised free money. People hear about the billions of dollars available for the asking. This chaptercovers the steps needed to get the money and keep it, once you have set upyour nonprofit organization.These are the answers to FAQ that people from all walks of life ask:Q1. WHAT IS A GRANT?A. A grant is a sum of money given to primarily a nonprofit organization, exceptin rare cases like the Pell Grant, where it is given to individuals for educationpurposes.Q2. WHAT IS A PROPOSAL?A. A proposal is a word that is interchangeable with the word grant. Proposalsare sometimes referred to as a grant proposal also.Q3. DO YOU PAY GRANTS BACK?A. No. Grants are given for charitable purposes, usually to cover a service to a personwhose income falls below the national poverty level. It is a civil service.Q4. IS THERE A CEILING?A. There is no ceiling to the amount of money a nonprofit can receive. Nonprofitbudgets can be extremely small and tight, or an organization can have a multi-milliondollar budget, like the Salvation Army, Boys and Girls Club of America, and the UnitedWay Agency.Q5. CAN FELONS START NONPROFITS?A. Yes. A few of the most successful nonprofits in the country according to the federalgovernment Best Practices Publication is founded and ran by felons. The number onedrug treatment center in the country is located in Maryland, owned by two male felons.Our Place, a referral and case management agency, offering re-entry services, was alsofunded by two female felons.