Funding
Funding is actually the money provided by companies or by a government sector for a specific purpose, whereas, financing is a process of receiving capital or money for business purpose, and it is usually provided by financial institutions, such as, banks or other lending agencies.
Funding is an amount of money provided by the organization or government on the basis of an agreement. It is usually free of charge.
There may be certain contractual requirements in that agreement, but there are no requirements to pay back the capital. The most common facilitators that normally fulfil the funding needs of an organisation are the donations made by governments, or philanthropists.