Grants and Funding

Grants and funding refer to financial support provided to individuals, organizations, or projects to help achieve specific goals. Grants are typically given by government agencies, foundations, or nonprofits and do not need to be repaid. They often require an application process, where the applicant outlines their plans and intended use of the funds. Funding can also come from loans, investments, or sponsorships. Both grants and funding are essential for research, arts, education, community projects, and business development, enabling initiatives that might not be possible without financial assistance.