What are the Types of Grants?

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Grants are gifts given to individuals or organizations that don’t have to be repaid. Instead, they are made available by nonprofits and institutions based on need. Most grants require a budget proposal that describes what the money will be used for. However, actual spending might differ. Institutions give them Institutions may give grants to individuals or organizations to support research. Several types of grants, including those offered by foundations and government agencies, such as grants for music education. Some institutions may have specific criteria, such as the type of project they…

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