> ## Documentation Index
> Fetch the complete documentation index at: https://docs.boundlessfi.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Grant types

> Types of grants and funding structures on Boundless.

Boundless supports different grant structures. The type determines how funds are released (e.g., in one lump sum or per milestone).

## Common types

<AccordionGroup>
  <Accordion title="Milestone-based grants">
    Funding is split into milestones. You complete each milestone, submit for review, and receive that portion of the grant when approved. Most common for project-based work.
  </Accordion>

  <Accordion title="One-time grants">
    A single payout after the full scope is delivered and approved. Good for smaller or well-defined projects.
  </Accordion>

  <Accordion title="Recurring or cohort grants">
    Grants that repeat (e.g., monthly or per cohort) or that fund multiple recipients under one program. Details depend on the specific [grant program](/organizers/run-a-grant-program).
  </Accordion>
</AccordionGroup>

## Choosing a structure

* Use **milestone-based** when the project has clear phases and you want to reduce risk for both sides.
* Use **one-time** when the deliverable is small and can be reviewed once.
* Program-specific types are described in each [grant program](/organizers/run-a-grant-program).

## Splitting a grant across winners

When a program funds more than one recipient, the budget is split across **positions**: 1st, 2nd, 3rd, and so on. Each position gets a set share, and the shares add up to 100%. Every position is then paid out one milestone at a time.

<Frame caption="A program's budget is split across winning positions, and each position is paid milestone by milestone.">
  <img src="https://mintcdn.com/boundless-bb5af936/SRy6_o7Nl_hCFvuz/images/diagrams/grant-distribution.svg?fit=max&auto=format&n=SRy6_o7Nl_hCFvuz&q=85&s=56dcc098582c1d68fad023ea0b487bcc" alt="Grant budget split across positions 1, 2, and 3 by percentage" width="600" height="240" data-path="images/diagrams/grant-distribution.svg" />
</Frame>

## Related

* [Application process](/contributors/grants/apply)
* [Milestone delivery](/contributors/grants/deliver-milestones)
* [Deliver milestones](/contributors/grants/deliver-milestones)