WHAT IS A GRANT:

A grant is a sum of money given to an individual or institution for a specific purpose. Governments, foundations, or donor organisations usually provide grants for research, education, community development, humanitarian aid, or business innovation. Recipients must use the funds in accordance with the agreed-upon terms and conditions. 
Grants play a crucial role in sustaining nonprofit organisations, community initiatives, research institutions, and some social enterprises. Unlike loans, grants are non-repayable funds provided to support specific projects or operational needs. They allow organisations to implement activities aligned with their mission and address pressing community challenges. Effective grant acquisition provides stability, enhances credibility, and diversifies funding streams. This reduces overreliance on a single donor or income source. In addition to financial support, grants help organisations build partnerships, increase visibility, and gain recognition for their work. 
Grants are typically awarded for specific projects or objectives, rather than for personal use. Recipients normally apply through a proposal or grant application outlining the need, goals, and intended impact of the project. Donors require reports, monitoring, or evaluations to ensure appropriate use of funds. For example, a nonprofit might receive a grant from a foundation to run a literacy programme for children.