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Like all Godot donations and corporate sponsoring, this grant is administered by our legal and fiscal sponsor Software Freedom Conservancy, a not-for-profit charity that promotes software freedom.
Specifically to Godot: absolutely. As a starter, you can immediately distribute to any desktop OS with almost no investment on your part (aside from time spent configuring exports, exporting and uploading).
You can distribute unmodified and changed versions of Godot Engine, even commercially and under a different license (including proprietary)
Godot is completely free and open source under the very permissive MIT license. No strings attached, no royalties, nothing. Your game is yours down to the last line of engine code.
As a very permissive MIT license, Godot is completely free and open-source. There are no royalties, nor any strings attached.