Grant
A sum of money given by a government, foundation, or organization to fund a specific project or initiative, typically without requiring repayment.
A grant is a form of funding awarded to individuals or organizations to carry out work that aligns with the funder's priorities. Unlike a loan, a grant does not need to be repaid, and unlike an investment, it does not require giving up ownership or equity. Grants are one of the primary funding sources for startups, community organizations, schools, and mission-driven ventures. They come from a range of sources, including government agencies, private foundations, corporations, and community funds.
Applying for a grant typically involves submitting a proposal that explains your project's goals, methods, budget, and expected outcomes. Funders want to see that you have a clear plan, a realistic budget, and a way to measure your impact. The process can be competitive, with many applicants vying for limited funds, so strong writing and a compelling case for your work are essential. Most grants also require reporting on how the money was spent and what results were achieved.
For high school students, grants may seem like something only established organizations pursue, but many foundations specifically fund youth-led projects. Learning to write a grant proposal teaches you skills in persuasive writing, budgeting, and project planning that are useful well beyond fundraising. Even if your first application is not funded, the process of articulating your vision, defining your budget, and planning for accountability makes your project stronger and better prepared for future opportunities.