A "grant" is a sum of money given by an organization, government, or individual to support a specific project or purpose. Grants are often awarded to non-profit organizations, researchers, or students to help fund initiatives such as education, scientific research, or community development. Unlike loans, grants do not need to be repaid, making them a valuable resource for those in need of financial assistance. Grants can come from various sources, including government agencies, foundations, and corporations. The application process typically requires detailed proposals outlining the project's goals, budget, and expected outcomes. Successful applicants must demonstrate how their project aligns with the grantor's mission and objectives.