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Mellon Foundation
Supports initiatives promoting equity and humanities
TxDOT
Supports students interested in transportation-related fields
William T. Grant Foundation
Reduces inequality in youth outcomes, improves research use
Spencer Foundation
Supports rigorous education research projects
Hanover College
Provides financial aid to students based on need
State of Maryland
Supports Maryland students with financial need
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In the U.S., colleges and universities received approximately $45 billion in grants during the 2021-2022 fiscal year.
Over 80% of grant funding for higher education institutions comes from federal sources, including the Department of Education.
The number of grant proposals submitted by higher education nonprofits has increased by 25% in the last five years.
Institutions that actively seek grant funding can increase their annual funding by up to 40%.
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Additional resources include the National Association of College and University Business Officers (NACUBO) and your institution’s alumni network for connections to potential funding.
Universities and colleges can access various types of grants, including federal grants, state-specific programs like the Illinois Monetary Award Program (MAP), institutional grants, and private foundation grants. These grants often support academic initiatives, research, student scholarships, and operational enhancements.
Universities and colleges typically apply for government grants through specific applications like the FAFSA for state and federal programs or by submitting proposals directly to government agencies. For Illinois students, using the FAFSA or the Alternative Application for Illinois Financial Aid is common for state grants.
Yes, nonprofit organizations focused on education can receive grants from government agencies, foundations, and other funding bodies. These grants often support educational initiatives, underprivileged student programs, or reform efforts within local education systems.
Effective grant management involves several key components, including identifying potential grant opportunities, building strong proposals, managing awarded funds according to grantor guidelines, and reporting progress and outcomes. This process enhances the likelihood of securing and maintaining grant funding.
Colleges can optimize their visibility for grant funding by maintaining an active and updated profile on grant databases, networking with potential grantors, and ensuring a strong online presence to demonstrate their capabilities and achievements. Regularly reviewing grant announcements and developing strategic partnerships can also enhance their chances of being awarded grants.