Any new Non profit Cloud users here to help?

Hi @Sinduja Sivanandam Party role relationship helps you to define the role of each account in the organization, It could be parent-subsidiary or company-partner relationships

You must define the objects in the relationship and the role for each object.

For Grant Management, It is used by the Non-Profit Organization to streamline their process by Donations , Recurring donations , memberships and planned gifts

For more Information about the Grant Management please follow the below link

https://sites.google.com/a/cloud4good.com/salesforce-glossary/home/npsp-user-manual/chapter-5-entering-data/grants-management-in-npsp-3-0

Thanks and Regards,

Piyush