What is the main purpose of a 'project grant'?

A project grant is designed specifically to fund distinct initiatives or projects that have defined goals, timelines, and deliverables. This type of grant provides financial resources to help implement educational programs, research studies, or community-based projects that align with the grantor’s objectives. The funding is often tied to the achievement of specific outcomes or the completion of particular activities related to the initiative at hand.

In contrast, unrestricted funding allows recipients to use funds for a wide range of purposes without specific project requirements, which does not align with the defined nature of project grants. Funding operational costs pertains to ongoing expenses necessary to keep an organization running, rather than focusing on the development of a particular project. Promoting community engagement, while important, is typically an outcome or goal of a broader initiative rather than the primary purpose of a project grant itself. Hence, the focus of a project grant is clearly oriented towards supporting specific educational initiatives and outcomes.