Merit-based awards are recognitions given to individuals based on their achievements, skills, or performance rather than financial need. These awards can be found in various fields, including academics, sports, and the arts. For example, a student might receive a scholarship for outstanding grades or a trophy for excelling in a competition. These awards encourage individuals to strive for excellence and can significantly impact their future opportunities. By acknowledging hard work and talent, merit-based awards help motivate others to pursue their goals. Many organizations, such as universities and nonprofits, offer these awards to celebrate and support deserving individuals.