Definition, Meaning & Synonyms

grant-funds

Noun

/ɡrænt fʌndz/

Definition

Financial assistance awarded to a person or organization, typically for a specific purpose or project, which does not require repayment.

Examples

The university received grant funds to support its new research project.
Many non-profit organizations rely on grant funds to operate and deliver services.
He applied for grant funds to help start his small business.

Meaning

Grant funds are typically provided by government bodies, foundations, or other organizations to support initiatives that align with their goals, such as education, research, development, or community improvement.