What characterizes a project grant?

A project grant is characterized by funds that are specifically designated for a particular purpose or project. This means that the money is allocated to achieve predefined goals, such as developing a new program, conducting research, or executing a community initiative. The specificity of the purpose ensures that the funds are used as intended and often requires the recipient to report on the progress and outcomes of the project.

The other options describe types of funding that are not tied to specific projects. Money given for ongoing operations typically supports general expenses rather than targeted initiatives. Funding associated with volunteering might provide support for operational costs but lacks the project-specific constraints. A general donation without stipulations allows the recipient broad discretion on how to use the funds, which does not align with the structured and goal-oriented nature of a project grant.