Federal grants are funds provided by the U.S. government to support various projects and initiatives. These grants are typically awarded to state and local governments, educational institutions, non-profit organizations, and sometimes individuals. The money can be used for a wide range of purposes, including research, education, public health, and community development.
Unlike loans, federal grants do not need to be repaid, making them a valuable resource for those seeking financial assistance. To receive a grant, applicants must submit a proposal outlining their project and how it aligns with the goals of the specific grant program. The application process can be competitive, as many organizations seek funding for their initiatives.