What is the primary purpose of a grant?

The primary purpose of a grant is to support activities with a public purpose. Grants are typically awarded by governments, foundations, or other organizations to individuals or groups that are working on projects that serve the public interest. These projects can include research, education, community services, arts and culture, health care initiatives, and many other activities aimed at the betterment of society. By providing financial support without the expectation of repayment, grants enable organizations and individuals to pursue endeavors that may not be financially viable through other means, ultimately contributing to the overall welfare of the community or society as a whole.

The intent behind grants is usually to promote programs or activities that address specific social, economic, educational, or environmental needs, making them a crucial tool for fostering public goods.