What type of funding does a Project Grant provide?

A Project Grant is designed to provide funding for specific purposes, and it typically supports distinct projects or initiatives within a defined time frame. This source of funding is commonly utilized by governmental entities and non-profit organizations to address particular issues or fulfill specific objectives, such as implementing community programs, conducting research, or developing new services.

The unique characteristic of Project Grants is that they have set limits in terms of duration and scope, ensuring that the funds are allocated for targeted uses rather than being available for general or unrestricted purposes. These grants often require recipients to meet certain conditions, report on progress, and demonstrate how the funding has been utilized to achieve the set goals, reinforcing accountability and strategic focus in the use of public funds. This kind of funding is distinct from long-term or unrestricted funding, which lacks such defined parameters.