grant program
Award distribution system
A grant program is an organized system through which an institution—typically a government agency, foundation, or corporation—distributes funds to individuals or organizations for specific purposes.
Grant programs establish eligibility criteria, application procedures, and funding priorities: The federal grant program supports small business research.
Unlike loans, grants don't require repayment.
- fundingSupplying monetary resources
- seed moneyInitial business financing
- scholarshipEducational funding or erudition
- fellowshipMutual goodwill among companions
- awardHonor given for merit
award letter · application · nonprofit · foundation · recipient · proposal · letter of intent · deadline · eligibility · endowment · subsidy · beneficiary · stipend · allocation · philanthropy · approval · committee · budget
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