Grant Format is a type of funding arrangement where the awardee receives money from an external source to conduct research, implement projects, or offer services in exchange for a predetermined set of deliverables. This arrangement usually outlines the specific activities, timeline, and expected results that must be achieved before the funder will release funds. Grant Format offers organizations an opportunity to obtain extra resources to help fund their mission-driven initiatives and programs, which can help them achieve their long-term goals faster.