Great news from Epic Games and the Godot team.
The team thanked Tim Sweeney for "the encouragement and support, and for sharing the belief that open-source software makes the world a better place."
They originally applied for a $250K grant for the category of open-source graphics software. They plan to use the grant to improve graphics rendering and their built-in game development language, GDScript.
"Both are areas where the Godot contributor community consistently innovates and we believe this effort, together with the very permissive license, can eventually be used to benefit the industry as a whole," wrote the team. "The grant was awarded at the beginning of this month and we are still discussing the next steps to follow."
You can find the original announcement here.