In the United States a grant can be used for a number of different purposes. A grant is financial assistance given to someone by the government or other agency that does not have to be paid back.
Taxes are not paid on grant money either. People get grants to help pay for college, conduct research, and start small businesses. Non-profit agencies can also award grant to those in need or those conducing research that is useful to their organization. There are may some eligibility requirements with grants that is determined by the agency that is issuing them. The amount of the grant will vary based on the provider and what the grant is going to be used for.
In addition to financial support grants can come in the form of good and services. These items will help a person reach a specified goal in which society will benefit from. For example a doctor that is conducing research may be given a grant of medical supplies and equipment. One of the most common type of grant offered is the R01. This grant is used to support research projects. This grant is awards for a three to five year period and funds are not always specified. Grants can help individuals and professional alike better themselves and the people around them. Without grants many people would not be able to afford their education and many research projects will not be conduced. Grants help people in many ways and provided more then financial help.