Grants are now available from the National Endowment for the Arts grants for a variety of video game related projects. This is due in part to an expansion of the agency’s Arts on Radio and Television category, which has been renamed "Arts in Media." The change expands the category to include mobile technology, digital games and a variety of gaming platforms.
NEA grants are available to help with various costs such as development, production and distribution and range from $10,000 to $200,000, based on the complexity of the project submission.
September 1 is the deadline for submissions, which can be made via the NEA site.
Source: Serious Games Source