Grant funding

Grant funding is financial support provided by governments, foundations, or organizations to help individuals or groups achieve specific goals, such as research, community projects, or artistic endeavors. Unlike loans, grants do not need to be repaid. Applicants usually submit proposals outlining their plans and how the funds will be used. Grants are typically awarded based on merit, necessity, or alignment with the funding organization’s mission, and they often come with guidelines on how the money must be spent and reported. This funding plays a crucial role in fostering innovation and addressing social issues.