Work At Home And Earn Money With Grants
Grants for home based business
By Information Net Source Corp
In today's demanding economy, many families find themselves in need of an extra income. Even if both parents work, the income is often insufficient to cover either basic needs or extra wants.
Even when one or both parents in a household earn an income sufficient enough to cover both wants and needs, we all have unexpected expenses that occur during life's journey.
For example, a child may be entering college soon and the college fund is not quite large enough. Or, a family member must be hospitalized, creating large bills and potentially a loss of income.
When these and other situations arise and the need for money is greater than usual, many people have turned to working at home after working hours. Grant writing is a frequent choice of those working from home to earn extra income.
Many people who have not explored the concept of grant writing believe that grant writing is simply for nonprofit businesses and schools who either do not have adequate funds or are in need of money to fund special projects.
Fortunately, for those who want to work from home, that belief about grant writing could not be farther from the truth.
Grant writing is a new trend among those working from home, and it has seen a tremendous boom in the last few years. There are many grants available for personal use that most people are completely unaware of. The sources of these grants are the government and private foundations. The money used for the grants is your tax money.
Grants in the amount of $500 to $500,000 are being given away at an alarming rate. Both state and federal agencies offer these grants to those who work from home.
At this point, many may be wondering the motive behind giving away money to individuals who write grants from home. Foundations and governments are not in the habit of giving out money due to the goodness of their hearts.
Instead, governments, and private foundations offering these grants, do benefit in one crucial way: Tax write-offs. When governments and private foundations approve grant requests, they are able to take the grant amount off of their profits for the year, meaning they are not required to pay taxes on the amount of the grant.
In addition, the government is encouraged to fulfill grant requests because the additional funds in the economy create additional jobs. The new employees are often able to cease dependency on government assistance programs.
Another reason private foundations offer grants is to fulfill their obligation to donate at least five percent of their assets each year. If private foundations do not meet this requirement, they lose their tax exemptions.
It may seem that receiving a grant from governments or private foundations would be akin to finding a needle in a haystack. That's another misconception.
There are around 1,000, $500 grants offered by the government alone, with many available grant funds in the billion dollar range. Even more appealing than the total dollar amount is that all grants are non-taxable.
Individuals are not the only beneficiaries of grants. Small businesses also may apply for and receive these grants for many purposes, including inception and expansion.
There are many categories of people that qualify for grants based on their status as minorities. For example, Native Americans, and those of Hispanic and Asian descent, have their own categories of grants.
An especially appealing category of grants for those working from home is the one for single mothers with children. Many single parents are in desperate need of additional funds but cannot take on a second job due to responsibilities revolving around their children.
Writing grants from home is beneficial because it is both financially rewarding and flexible. Grant writing can be done at any time of day or night and can be spread out over as many sessions as necessary.
If you are interested in grant writing as a work-at-home opportunity, there are many web sites devoted to assisting you that can start you on the path to increased financial success.
Grant writing is becoming more and more popular as time goes on. So, if you are planning to start a careet in grant writing, it would be wise to do so in a timely fashion. Grant writing has many benefits and can help most families increase their financial worth.
About the Author:
Information Net Source Corp. has been helping people find the perfect work at home jobs, businesses and opportunities for the last 9 years.
Visit us on the web at http://www.workingfromhomejobs.com or reach one of our helpful work at home consultants at 1-800-488-5654. Let us share our work at home experience and guide you towards the right work at home position.