From Longman Business Dictionary
grantgrant1 /grɑːntgrænt/ noun [countableC]FINANCE a sum of money given to a person or organization for a particular purpose, often by a governmentWest Berlin’s Free University was founded with major grants from the Ford Foundation.
The Arts Council awarded (=gave) her a grant of £2200 for a photographic mission to the Andes.
→ block grant → capital grant → death grant → development grant → federal grant → investment grant → research grant