What is grant meaning?

A grant is a financial award given by an organization, government agency, or foundation to a person or entity for a specific purpose. Grants are often given to support research, education, or community development initiatives, but may be awarded for a variety of other purposes as well. In general, grants do not have to be repaid, although there may be certain requirements or stipulations associated with the grant that the recipient must meet. Grant applications may require detailed information and documentation related to the proposed project or initiative, including budgets, timelines, and other relevant information. The process of applying for and securing a grant can be competitive, and many organizations receive far more grant applications than they are able to fund.