A grant sponsor is a private, public, or independent entity that has contributed funds for grant money that will be distributed to qualified candidates. A grant is a form of monetary support given to an entity for the purpose of conducting research or other programs that are indicated in an approved proposed plan.
Usually, the proposed plan identifies the context of the task or achievement. The sponsor tends to make a grant and sets up performance requirements and guidelines.
Grants can be distributed via simple legal arrangements, correspondence of permission, fee payouts, or other comparable mechanisms. Their distinguishing characteristic is that they will be controlled by pre-established guidelines and/or laws and allow for certain adaptability in the undertaking of the task.
Top Grant Sponsors in the United States
In the United States, there are numerous private and public grant sponsors. While their goals, projects, and procedures will undoubtedly differ, the following are the top grant sponsors in the United States.
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Teradata’s Community Relations
Teradata Cares is an initiative that aims to strengthen and revitalize communities, enhance the quality of life, and have a positive effect on local communities. Teradata sponsors the Celebration of Caring Awards, as well as scholarship programs and community service grants.
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Google Dot Org
Google Dot Org has become one of the manners Google gives back to communities on a municipal, provincial, and worldwide scale. Google Dot Org gives away $100 million in grants, 80,000 voluntary work, and $1 billion in goods every year.
They offer venture capital for international business owners in emerging nations, community grants, disaster relief, and a lot more. Furthermore, Google Ad Grants is an initiative that offers grants to nonprofits to dramatically improve traffic to their websites.
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The GE Foundation
The GE Foundation is General Electric’s charitable wing, with an emphasis on worldwide health, education, skills-based economic expansion, and venture creation. The GE Foundation somehow doesn’t accept unrequested grant applications.
Entities whose main objective conforms to the GE Foundation’s priorities might be chosen by the Foundation to obtain a grant.
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American Airlines American Giving
Strong corporate responsibility, according to American Airlines, enhances the financial and societal health of its workers, shareholders, clients, and community. Their corporate charity project is dedicated to kids and social work. American Airlines encourages charitable groups that contribute to making an impact in their communities via donations, voluntary work, and public donations.
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CVS Health Foundation
The CVS Health Foundation is a charitable trust that awards grants for health coverage, education, and community participation. The CVS Health Foundation also provides financial assistance to pharmacy students and kids of CVS workers.
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Starbucks’ Corporate Philanthropy Initiative
Starbucks’ corporate philanthropy initiative provides resources for pupils, veterans, college students, agricultural communities, and others.
In addition, the Starbucks Foundation, an independent 501(3) entity, creates grants to nonprofits that support the younger generation and command structure. Starbucks also, predictably, empowers coffee, tea, and cocoa communities all over the world.
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Verizon Charitable Foundation
Verizon’s charitable arm is the Verizon Foundation. They are committed to addressing pressing community issues such as education, public health, and energy management. Grant requests are really only accepted by invitation. Nonprofits should consult their own Community Relations Manager to determine whether they are able to qualify.
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Disney Corporate Philanthropy Program
Disney is dedicated to empowering societies by bringing optimism, joy, and solace to children and families who need it. Disney’s corporate giving programs make a meaningful, long-term difference in communities all over the globe. Disney managed to give over $315 million to charitable organizations that support children and families last year alone. They also give reading material to kids around the world and have given over 23 million books in the past.
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Bank Of America Charitable Foundation
Charitable groups can apply for financial support from the Bank of America Charitable Foundation in a variety of ways. They initiate their financial support to fulfill the demands of low-income societies, with a special emphasis on community revitalization, workforce education, and resolving basic necessities such as hunger and homelessness.
Bank of America workers also work for free in their neighborhoods and link charitable organizations and neighborhoods to much-needed funds.
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Chevron’s Corporate Social Responsibility Program
Chevron aims to assist neighborhoods to thrive by bolstering economic growth, working to improve affordable healthcare, and concentrating on education.
Chevron has spent an estimated $2 billion in neighborhoods all over the world in the last couple of years alone. Chevron’s volunteer program assists individuals around the world who lack access to clean drinking water, meals, and opportunity.
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The BP Foundation
The BP Foundation is a socially responsible organization that promotes STEM education, sustainable growth, functional pathways to environmental problems, and philanthropic relief all around the globe. Once natural disasters strike, the foundation also provides monetary support.
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United Airlines Grant Program
On a relatively small scale, United Airlines provides financial assistance to qualified charitable organizations. A nonprofit will first submit an application and include particular details about the event or initiative for which they are seeking charitable contributions in order to be eligible.
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Delta’s Force For Global Good
Delta workers frequently give their time and resources to worthy causes and nonprofits. Delta workers also devote time to educating people about money, enterprise development, and finance.
Via their philanthropic granting requests form, charitable groups can demand grants from Delta. Endorsements for projects and occasions can also be requested by nonprofits. To be considered, all applications will first be forwarded at least 6 weeks in advance of the event.
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Southwest Airlines Medical Transportation Grant Program
Southwest Airlines offers charitable healthcare facilities and healthcare transportation entities a Medical Transportation Grant. The grant provides businesses with free roundtrip tickets to use as they deem fit. Since the program’s inception in 2007, more than 40,000 tickets have already been dispersed.
Conclusion
A Grant Sponsor is a private, public, or independent entity that has contributed funds to be distributed to qualified candidates as grant money. Third-party funds pledged or actually offered to a sponsored scheme must satisfy the very same reporting obligations as the organization issuing the grant.