Using the words of the Association of Fundraising Professionals, a grant is “a financial donation given to support a person, organization, project, or program.” It is typically awarded to a nonprofit organization from a foundation, corporation, or governmental agency.
Grants are typically awarded to a nonprofit organization for a distinct program or purpose. A grantmaker generally focuses its giving on:
A specific population (such as children or organizations in New York)
Certain types of nonprofits (such as churches or environmental groups)
Particular types of support (such as program development or funding for equipment).
Friends of Yung Wing will only consider grant requests for programs or projects that support our mission of advancing education for the P.S. 124 community.