Federal Grants Know-How Offered by GrantsFederal.org

Online, October 5, 2010 (Newswire.com) - As incorporated in Title 31 Section 6304 of the United States Code, federal grants in the country are defined and governed by the Federal Grant and Cooperative Agreement Act of 1977. In a nutshell, federal grants are economic assistance issued by the government out of the general federal revenue. Federal grants come in the form of monetary award as financial assistance. The recipient of this type of grants has to purposely support or stimulate a public deed as authorized by a law of the United States, and is bound by requirements and obligations, that, if not fulfilled as expected, will lead to possible legal repercussions.

There are federal grants for small businesses that are categorized as 501C3 non-profit agencies organized for charitable purposes and tax exempt under the Internal Revenue Service tax code. Specific grants for women assist them with specific needs or based on their living in specific locations. Grants for minorities, on the other hand, are allowable for a minority population in various professions, fields, businesses or research groups. Minority grants are usually given to U.S. citizens who are Hispanics, African-Americans, Asians or Native Americans.

GrantsFederal.org is dedicated to providing information about federal grants that will help to empower prospective and existing small business owners, enabling them to know what their financial options are.

GrantsFederal.org is a Grant resources rich website that helps people obtain knowledge about various topics, while providing grants and scholarships that provide funding for school, business, health, and education. This website is backed by a team comprised of people who have helped, collectively for 15 years, individuals and small businesses applying for grants.

Owners of GrantsFederal.org affirm that they created the website in order to provide free quality information for individuals and small businesses who want to know the complete process on obtaining a federal grant. This website comes with a section that helps give a better idea on what federal grants are all about, and how best to approach the process.

GrantsFederal.org employs proven and tested strategies help to ensure that their clients receive the federal grant that they deserve.

If you wish to acquire free information on federal grants, check out http://grantsfederal.org today.