Grants

A grant is a financial award given by a government agency, foundation, corporation, or other entity to a nonprofit, business, or individual to support a specific project, program, or initiative. Unlike loans, grants typically do not require repayment, but recipients must follow specific guidelines, reporting requirements, and usage restrictions set by the grantor.

Real World Examples

• A nonprofit receives a federal grant to expand literacy programs in underserved communities.
• A small business secures a research grant to develop eco-friendly packaging solutions.
• A university student is awarded a scholarship grant to fund tuition and academic research.

Other Terms for Grants

• Funding Award
• Philanthropic Grant
• Research Grant
• Project-Based Funding