What Are Some Private Foundations That Award Cash Grants to Individuals?


Quick Answer

Some private foundations that award cash grants to individuals include the Foundation Grants to Individuals Online and Grant Watch. The Nobel Foundation, which manages the finances and administration of the Nobel Prizes, was also founded as a private organization on June 29, 1900.

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Full Answer

The Nobel Prizes was established based the last will of Alfred Nobel, a chemist, engineer and inventor born in 1833 in Sweden. Before his death, he wished to have his fortune used to award people who achieve great things to benefit mankind, in the fields of physics, chemistry, physiology or medicine, literature, and peace. Nobel bequeathed 94 percent of his total assets, an estimated total of $220 million. In accordance with Nobel's will, The Nobel Foundation's primary task is to manage the fortune Nobel left.

The Foundation Grants to Individuals Online is a service of The Foundation Center, a nonprofit organization headquartered in New York City. The Foundation Center was founded in 1956 and as of 2015, has the support from nearly 550 foundations worldwide. The main mission of it is to connect people who want to change the world to the resources they need to succeed. The Foundation Grants to Individuals Online is a research tool for finding foundations that provide financial support for individuals. Its database is updated weekly, aiming to provide the most updated information.

Grant Watch also offers various grants to individuals. As of January 2016, some of the outstanding grants are Grants to New York Nonprofits and Individuals for Arts Programs and Projects in Broome County and Grants to Greater New Orleans Area, Louisiana, for Individuals and Groups for Public Visual Arts Projects. The first grants is up to $1,000, while the second grants range from $1,500 to $5,000 to visual or performance artists, curators, writers, cultural organizers and collectives in Louisiana.

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