Step-by-step explanation:
Not-for-profit organizations use grants as a means to raise money. Grants are essentially gifts of money that are given to organizations, often not-for-profit organizations, by foundations, government agencies, corporations, or other entities. These grants are typically awarded for specific purposes, such as funding a research project, supporting a new program, or providing general operating support. While small firms and corporations may receive grants, they typically do not use grants as a means to raise money, as they have other sources of funding available to them, such as loans or investments.