Grant

Date of Publication:

1/22/2014

Definition:

When provided from a federal agency, a grant is a legal instrument used to enter into a relationship, the principal purpose of which is to transfer a thing of value (e.g., money) to the recipient to carry out a public purpose of support or stimulation authorized by law. Substantial involvement between the Department of Defense and the recipient is not expected when carrying out the activity contemplated by the grant. When provided by a non-federal entity, a grant is an award of funds, services, or real or personal property, for the purpose of stimulating higher learning or research, from a corporation, foundation, trust, institution, or other entity that is not organized for profit and does not provide any net earnings to shareholders or individuals.