Private Foundations are usually formed by wealthy corporations, thrusts and individuals to benefit individuals and small business using FREE GRANT money.
These organizations are required to distribute 5% of their total assets each year to maintain tax exempt status. Each foundation targets certain segments of the population with specific needs, sometimes in certain geographical areas. Some grant money to businesses, others grant money to individuals like you and me to cover the costs of everyday living expenses.
Every year, the US Government distributes billions of dollars to businesses and individuals.
Politicians understand small business is fast becoming the lifeline of the American Economy and will employ millions of people in the future. A vibrant small business sector means a vibrant tax base. The federal government will distribute grants to average people to help them start their business.
Every state is a major source of financial aid assistance to small business and education programs. Each state has a vested interest in promoting small business and educating their residents. More small business results in increased tax revenue. Educated residents attract businesses.
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