Financial Glossary: Grant


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Grant

Grant

Grants are funds dispersed by one party (Grant Makers), often a Government Department, Corporation, Foundation or Trust, often (but not always) to a non profit entity, educational Institution or business

A financial aid award that does not require repayment. Federal grants include the Federal Supplemental Educational Opportunity Grant (FSEOG) and the Pell Grant. Grants are funds dispersed by one party (Grant Makers), often a Government Department, Corporation, Foundation or Trust, often (but not always) to a non profit entity, educational Institution or business.

Grant is a kind of financial aid awarded to an Institution or a person for a specific purpose. An example would be a federal grant for environmental clean up. You don't have to repay a grant.

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