Glossary of Commonly Used Grant Terms
There are currently 5 Terms in this directory beginning with the letter O.
A 501(c)3 organization classified by the IRS as a private foundation whose primary purpose is to conduct research, social welfare, or other programs determined by its governing body or establishment charter. An operating foundation may make grants, but the amount of grants awarded generally is small relative to the funds used for the foundation's own programs. See also 501(c)3.
Operating support grant
A grant to cover the regular personnel, administrative, and miscellaneous expenses of an existing program or project. See also general/operating support.
All funds budgeted for an organization's operations, activities, programs, and services during a fiscal year. Operating funds do not include capital funds, endowment funds, reserve funds or any other funds not allocated to the annual operating cycle of the organization.