Grant

A grant is a financial award given by a government agency, foundation, corporation, or other entity to a nonprofit organization or project. Grants are typically provided to support specific programs, initiatives, or operational expenses and may come with conditions or reporting requirements. Unlike loans, grants do not have to be repaid, but recipients are often required to demonstrate how the funds were used and what outcomes were achieved. The grant application process is competitive, and organizations must provide detailed proposals outlining their mission, objectives, budget, and intended impact. Proper grant management and compliance with funder requirements are essential for maintaining eligibility for future funding.