Grants are funds provided by organizations, governments, or foundations to support specific projects or initiatives. Unlike loans, grants do not need to be repaid, making them a valuable resource for individuals, non-profits, and businesses. They can be used for various purposes, such as research, education, community development, or the arts. To apply for a grant, applicants typically submit a proposal outlining their project, goals, and budget. Successful applicants may receive funding from sources like the National Science Foundation or local community foundations. Grants can help turn innovative ideas into reality and foster growth in various fields.