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 individuals to fund activities such as scientific research, education, or community development. Unlike loans, grants do not need to be repaid, making them a valuable resource for those in need of financial assistance. The process of obtaining a grant typically involves submitting a detailed proposal that outlines the project, its goals, and how the funds will be used. Organizations like the National Science Foundation or local government agencies often provide grants to encourage innovation and support various initiatives in society.