Government grant writing for beginnersWritten by Mansi gupta
‘Grant writing’ as name suggests is writing of a grant in order to raise grant or funds for one’s organization or project. Many a non-profit or individual organizations rely on these grants to run their work. There are several types of grants and reasons for taking them. Such reasons depend on need of organization seeking grant. Reasons and Types of funds: Some organizations seek funds to operate their organization successfully. This sort of fund is known as operating money. The operating fund can be granted by a foundation grant, a corporate grant, a direct mail campaign, or interest from an endowment. Then there are funds for special projects, which include undertaking a new project, expansion of existing project/s, etc. The government, corporations, foundations etc. are ready to grant money for this cause. Besides this there are capacity seeking funds meant to enhance staff, financial ability of a company; capacity funds which should be sought for in cases of renovations of buildings, making a new building etc. Here again money can be taken from corporations, government agencies, foundations and can also be raised through a significant gift campaign. Endowments are slightly different kinds of funds. They are those grants which are often given as long term gifts to certain organizations. Government a reliable and evergreen source: Government is best source to look for grants for any purpose. Statistics reveal that government provides more than $ 350 billion grants annually. Government provides funds in various forms. For instance there are direct grants meant for nonprofit or individual organizations. There is immense competition to take ‘direct grants’. Many organizations apply every year through their proposals and letters. Similar to this there are ‘competitive grants’. Organizations compete for a single share of this grant. The ‘pass through’ grants are relatively less competitive since they are confined to any state. The money for pass through grants is given by federal government to individual states for distribution. The organizations seeking grants can apply for it in state agency. The government also provides ‘project funds’ for a specified period of time. The entire information can be collected via CDFA i.e. Catalog of Federal Domestic Assistance which splits government grants into 20 primary categories. It includes almost all significant details from name of grant distributing agency to eligibility plus evaluation criterion and documentation required. CDFA also provides with a list of its past funded organizations and their respective objectives.
| | Long Term Care InsuranceWritten by Tim Gorman
In early 1980's Medicare started using a system called diagnosed related group of guidelines for advance payments to hospitals. This has really given hospitals authority and incentive to discharge patients very soon after admission to hospital. The hospital gets paid same whether patient is in 3 days or 6 days. So hospital can make more money if they free up bed space for next patient. The problem this has caused is that nursing homes have become recovery place for these patients that were not ready to go back to their homes. The problem with this is that Medicare only pays up to 21 days of skilled nursing care. Therefore, if a patient is not recovered after 21 days in nursing home, then funds come out of patients estate, provided they have one. Needless to say, it does not take long to eat up one's estate at nursing home rates.Insurance companies have just in last decade recognized this problem and now are offering Long Term Care Insurance. The long term insurance rates vary by geological location, as well as state and local regulations. The premiums are costly, however, a person has to weigh out advantages and disadvantages to purchasing long term care insurance.
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