Grant writing is an important skill for nonprofit managers.
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The procurement of grants for your project can mean the difference between success and failure. Public and private grants provide a monetary source for innovation that, unlike loans, you do not need to pay back. Review your grant options to decide which type of grant most suits your project.
One of the main advantages of private grants is the limited amount of regulation of awards for grant recipients. Private grant recipients typically do not have to wait for multiple authorizations from a bureaucratic management system before receiving their awards. Additionally, the qualification process can potentially be much simpler for applicants than that of public grants. For example, a private grant may not require a lengthy proposal to receive grant money, unlike public grants that may require an in-depth explanation of how you plan to use the funds. Fewer applicants apply for private grants, increasing your chances of receiving a grant award.
Public grants are set into motion by legislative bodies, greatly increasing the resources and accountability of the grant project. For example, if you have problems with the disbursal of your public grant, staff members are available to personally follow your case. You can address any continuing problems with the grant program with legislators using public hearings. The amount of available money for public grants is usually greater than that of private grants, leading to overall larger awards. Additionally, a public grant is more likely to cover all of the expenses of your project due to its size.
Because private grant institutions are not held accountable for their actions by voters and other legislatures, applicants and grant recipients may face problems with project support, rejection and getting their voice heard. For example, if you submit an application for a private grant, the institution has no responsibility to inform you of why you they denied your proposal, unlike publicly funded grants. If you feel the grant process is discriminatory or unresponsive toward recipients, you may not be able to seek help from a higher authority. Private grants may also award smaller individual grant amounts due to limited resources.
Public grants follow strict application deadlines and procedures that can cause problems for applicants. For example, an application submitted five minutes passed an 11:59 p.m. deadline might not be accepted due to the grants rules. Because taxpayers fund public grants, the programs carefully select who qualifies for the award. The grant program may be averse to funding a new idea or something that is not proven to work yet. Additionally, the funding of public grants is subject to the ebb and flow of the political tide. The next party in office may choose to cut the resources for a particular grant.
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Aaron Marquis is a University of Texas graduate with experience writing commercials and press releases for national advertising agencies as well as comedy television treatments/stories for FOX Studios and HBO. Marquis has been writing for over six years.
Marquis, Aaron. The Difference Between Public Vs. Private Grant Funding.
Marquis, Aaron. (n.d.). The Difference Between Public Vs. Private Grant Funding.
Marquis, Aaron. The Difference Between Public Vs. Private Grant Funding accessed April 17, 2019.
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