ANNUAL GRANT Meaning and
Definition
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An annual grant refers to a financial provision or allocation given to an individual, organization, or institution on a yearly basis. It is typically awarded to fulfill a particular purpose or support the recipient in carrying out specific activities. An annual grant can be provided by various entities, such as government agencies, foundations, corporations, or nonprofit organizations.
This type of grant is intended to be given on a recurring basis, usually for a defined period, and is subject to renewal or reapplication each year. The grant amount may vary depending on the availability of funds, the recipient's needs or qualifications, and the expectations set by the grantor. The funds received through an annual grant can be used for a wide range of purposes, including research, education, community development, arts and culture, healthcare, or social services.
To receive an annual grant, applicants often need to submit a detailed proposal outlining their objectives, methodology, budget, and anticipated outcomes. Grantmakers carefully review these proposals and consider the potential impact and alignment with their own philanthropic objectives before making funding decisions. Recipients are usually required to provide progress reports and financial statements to demonstrate the proper utilization of the grant funds and the achievement of agreed-upon goals.
Overall, an annual grant is a recurring financial support mechanism provided to individuals or organizations to fulfill specific purposes or support ongoing initiatives.
Common Misspellings for ANNUAL GRANT
- znnual grant
- snnual grant
- wnnual grant
- qnnual grant
- abnual grant
- amnual grant
- ajnual grant
- ahnual grant
- anbual grant
- anmual grant
- anjual grant
- anhual grant
- annyal grant
- annhal grant
- annjal grant
- annial grant
- ann8al grant
- ann7al grant
- annuzl grant
- annusl grant
Etymology of ANNUAL GRANT
The etymology of the word "annual grant" can be understood by analyzing each component separately:
1. Annual: The term "annual" originated from the Latin word "annus", meaning "year". It is connected to words like "anniversary", "annuity", and "annals". In the case of an annual grant, it specifically refers to something that is done or provided once a year.
2. Grant: The word "grant" has its roots in the Old English word "grantan", which means "to allow" or "to consent". It shares common ancestry with words in other Germanic languages like Old High German "grantan" and Gothic "gretan". Over time, it evolved to encompass the meaning of officially giving or bestowing something to someone, often in the form of a gift or financial aid.
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