What Are Grants and How Do They Work?

Galvan Foundation pic

Galvan Foundation
Image: sites.google.com

In 2012, T. Eric Galloway and Henry van Ameringen founded the Galvan Foundation. Also known as the Galvan Charitable Trust and Galvan Initiatives Foundation, this organization operates in Hudson, New York, with a mission to help enhance the quality of life of the region’s less fortunate residents. With experience in the nonprofit sector as counsel and a housing development associate at Settlement Housing Fund in New York City, Eric Galloway helps a wide range of organizations and community projects by providing grants through the Galvan Foundation.

Grants are basically contributions or gifts offered by the government or a private organization. Private organizations such as the Galvan Foundation are more likely to concentrate on emerging issues and pressing needs that are not yet generally recognized as special interests. They also have greater flexibility in responding to proposals and unique needs than their public counterparts. Grants awarded by private foundations can greatly vary in amounts. For instance, the Galvan Foundation can award grants up to $50,000.

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