Gifts and Grants

Gifts and grants refer to financial contributions provided to individuals, organizations, or projects to support specific objectives. A gift is a voluntary transfer of money or assets without the expectation of repayment, often given for personal reasons or to support a cause. A grant, on the other hand, is a sum of money awarded by a government, foundation, or organization, usually designated for a particular purpose, like research or community projects, often requiring a formal application process. Both play essential roles in funding initiatives that benefit individuals and communities without creating debt.