A grant is a sum of money or financial assistance provided by an organization, foundation, government, or other entity to help support a specific project or initiative. Grants are usually awarded through a formal application process and are often given to individuals or organizations that demonstrate a need for funding and the ability to effectively carry out the proposed project or program. Grants can be used for a wide variety of purposes, including research, education, economic development, social services, and more. Unlike a loan, a grant does not need to be repaid.
