Grant (money)

Common card · No. 409774

A grant is money provided by a government, foundation, charity, company, or other funding body to an individual or organisation for a specified purpose, generally without an expectation of repayment provided that any attached conditions are met. Grants are used for purposes including education, research, charitable activity, public programmes, and business development. They are often time-limited and may be governed by a funding agreement setting out how the money is to be used and monitored. Grant systems and requirements vary by country and funding body. Grants may be awarded through competitive application processes, including peer review or lottery, and recipients may be subject to accounting, compliance, monitoring, and reporting requirements. Major grant providers discussed in the article include institutions of the European Union, government departments and charitable organisations in the United Kingdom, and government agencies and public and private foundations in the United States...

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