grantaward

Grant award refers to the formal allocation of funds to an individual or organization by a funder to support a defined project, program, or activity. The term covers both the decision to fund and the financial instrument that follows. Grant awards are made by government agencies, philanthropic foundations, corporations, universities, and other nonprofit or public institutions.

Grant award processes typically begin with a funding call or invitation, eligibility screening, and a review by a panel. Proposals are evaluated on relevance, feasibility, expected impact, budget integrity, and the applicant's capacity. After approval, a grant agreement outlines terms, disbursement schedules, reporting requirements, and milestones.

Common types include research grants, education or training grants, community development grants, arts and culture grants, and seed or pilot grants. Recipients may be required to meet milestones, share results, and comply with audits. Some grants are highly competitive, while others are allocated through formula or open competition.

Impact and governance emphasize transparency and accountability. Funders publish criteria and outcomes, and many use grant-management systems to monitor progress, evaluate results, and ensure funds are used as intended.