Question

Select the organizations that use grants as a means to raise money.

a. small firms
b. corporations
c. not-for-profit organizations

Answer 1

The organizations that use grants as a means to raise money are called not-for-profit organizations. So the correct option for the given question is option "c". This type of organization uses the money that comes in for the purpose of the mission they have undertaken. the surplus money is never taken out as profit among the members of the organization. The money used by this organization is totally tax free and the person investing the money in the organization gets the full tax rebate on the money invested. Most not-for-profit organisations are associated with charitable work.

Answer 2

I believe the answer is: c. not-for-profit organizations

Corporations and small businesses usually use grants as a method to cut down the amount of tax that they had to pay from their sales.

Even though this is not applicable to all, the majority of non-profit organisations use grant to obtain necessary funding for a specific cause.