Legal Question in Business Law in New York

Anybody can give a grant. A grant is nothing but a gift of money.

That said, grants are generally given by an agency (government or private) or charitable foundation that has money earmarked for grants. Generally, public agencies give grants to other agencies or to nonprofit groups: for example, the New York State Council for the Arts � a granting agency � supports choruses that are organized as 501(c)(3) nonprofits. Very, very few granting organizations give grants to individuals. The best exception I can think of to that rule is a scholarship grant; these are given by a granting agency (which may be the school, the state, or a private foundation) to a student for the purpose of pursuing studies.

Granting agencies or foundations give grants as specified in the granting organization's charter; you can't just walk up, for example, to the Bill Gates Foundation and ask for money; you have to meet their requirements for granting money.

Whether or not a grant is taxable depends on many, many things, including the source of the grant, the use to which you put the money, the recipient of the grant, .... Sorry; I can't answer that one with the information you've provided.

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