Grants are funds that are disbursed to a recipient or organization by a government department, foundation, or corporation to fund a specific project. To receive a grant, an application or proposal must be submitted to a potential funder and the recipient must meet certain qualifications.This could require the individual or business to have tax-exempt status or become registered as a local government or nonprofit organization. This commonly occurs with nonprofit programs, freelance writers, graphic artists, and various educational projects that require funding to maintain. In many cases, these grants do not need to be repaid but must be tracked, making it extremely important for grant proposals to be as concise and detailed as possible. Read the full article.
The Government of B.C. and Alcan Inc. each contributed $7.5 million to establish the Northern Development Fund in 1999. The investment income generated from this fund supports the NKDF grants program. Each partner has one representative serving on the board of directors. The NKDF is part of the portfolio of the Minister of Jobs, Tourism and Skills Training.
Nechako-Kitamaat Development Fund Society
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