Monetarily-supported

Monetarily-supported refers to something that receives financial assistance or backing. This can involve funding from government, private organizations, or individuals, enabling its operation, continuation, or development. The support can take various forms, including grants, subsidies, investments, or charitable donations. This implies a reliance on external financial resources to sustain or promote the activity or entity in question. The degree of support can vary significantly, from partial funding to complete financial dependence. The term emphasizes the crucial role of monetary contributions in facilitating the existence or progress of the item, initiative, or person. This contrasts with self-funded or independent ventures.

Monetarily-supported meaning with examples

• The local arts council provided a monetarily-supported grant to the struggling theatre group, enabling them to produce their next season. This funding allowed them to hire actors, rent a venue, and cover production costs, ensuring the continued existence of the performing arts within the community and offering cultural enrichment to the locals.
• A groundbreaking research project studying renewable energy sources was monetarily-supported by a coalition of environmental organizations and private investors. This crucial financial backing allowed researchers to purchase advanced equipment, hire a talented team, and conduct experiments. This paved the way for vital innovations in the field of sustainable energy solutions.
• The organization provided a monetarily-supported program to assist underprivileged students with college tuition and living expenses. Through scholarships and financial aid, they were able to help remove financial barriers, promoting higher education, and empowering students from diverse backgrounds to pursue their academic and professional dreams.
• Many small businesses, especially during challenging economic times, depend heavily on monetarily-supported government aid packages to survive and continue operating. These grants and loan programs help cover expenses, such as rent, utilities, and salaries, sustaining the flow of the economy and preventing widespread job losses.