Google Grants Account Creation Guide - Manual (Page 4)

4
How does my Grant work?
Once your account is approved, the Google Grants team will provide your
AdWords account with a budget of $330 USD per day to pay for your advertising.
Using this allowance, youʼll be able to place CPC bids of up to one U.S. dollar per
keyword. When interested users click on your ad, weʼll deduct the cost of those
clicks from your overall daily budget. If you receive enough clicks in one day to
reach your $330 USD limit, your ads will temporarily stop showing until the next
day, when your daily budget is replenished.
IMPORTANT NOTE:
There is no cost to you or your organization for participation in the Google
Grants program. Please ensure that you do not enter any billing information,
such as a credit or debit card number, into your AdWords account. Doing so
may result in your credit card being charged and we are unable to issue refunds.
Please also note that while you do not need to enter billing information, you will
need to select USD as your currency regardless of what country you are in.
Selecting a different currency will not allow us to activate your account as a
Google Grants account.