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Public sector grants are made available by among others, charitable foundations and trusts. This type of funding does not have to be repaid. However, most funders will only give money to organisations that have charity status. In addition, not for profit and charitable organisations that generate a cash surplus every year or have large reserves may find it difficult to obtain grants from certain funders. Grants usually are made against set criteria including the achievement of specific targets and goals. In addition they will be subject to audit management to ensure that the criteria of award and compliance are adhered to.
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