Meaning of the word funded in English

What does funded mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

funded

US /ˈfʌndɪd/
UK /ˈfʌndɪd/

Adjective

provided with money for a particular purpose

Example:
The research project is entirely funded by government grants.
Our organization is a non-profit, privately funded charity.