Which type of funding involves money from charities or foundations?

Grants refer specifically to funds provided by charities, foundations, or government entities to support specific projects or initiatives without the expectation of repayment. These funds are typically awarded based on a proposal or application process, where the project outlined must align with the foundation's mission or the funding agency's priorities. Grants can be targeted towards various sectors including education, research, arts, and community development, allowing organizations to carry out their objectives without the burden of financial repayment that comes with loans or the profit motivation associated with sponsorships. This makes grants an essential source of funding for many non-profit organizations and initiatives that seek to make a positive impact in their communities.