The adjective 'fully-funded' describes something, typically a project, program, or organization, that has secured all the financial resources necessary to operate or achieve its goals. It signifies that sufficient capital has been allocated and made available to cover all anticipated expenses without any funding gaps or dependence on further fundraising efforts. It implies financial stability, long-term viability, and the ability to execute planned activities without financial constraints. It suggests careful planning and budgeting, and offers security that the financial resources will be available as needed, ensuring continuity. It's a key aspect of program management.
Fully-funded meaning with examples
- The non-profit organization announced their project was fully-funded, thanks to a large private donation and several successful grant applications. This means they could immediately begin construction of the community center, secure necessary equipment, hire staff and implement services that meet the community's specific needs. This financial security provides a stable basis for the organization to carry out its mission and serve its beneficiaries.
- After months of intensive fundraising, the research team was ecstatic to announce their study was finally fully-funded. They had successfully acquired enough capital to support their project, ensuring that they could carry out the necessary experiments, hire research assistants, cover travel costs for conferences, and produce the final report. This eliminates financial uncertainty, enabling focus on scientific inquiry.
- The government declared the infrastructure project fully-funded, assuring taxpayers that the construction of the new bridge would be completed without requiring additional public funds. This signifies that all phases of the project, from preliminary design to final construction, are accounted for. It provides certainty for both the construction companies and the public, facilitating smooth project execution.
- The school district confirmed that all departments, including arts and athletics, are fully-funded for the upcoming academic year. This guarantees that essential programs and extracurricular activities will not be cut due to financial constraints. Students will have the full educational experience, and faculty can adequately provide the appropriate resources to meet the curriculum standards.