We give both. We currently have an MOU to provide Israel with $3.8B a year, including $500 allocated for missile defense, through 2028. This is distinct from direct military aid. In total we have furnished nearly $100B since Israel's founding.
People always mention the direct foreign aid but fail to mention all the other money flows. They receive many times more money each year in private investment and open trade agreements. I believe the figure is close to 90-100 billion USD each year going to Israel from the US. This doesn’t include the free movement of Americans to Israel for tourism, owning a second home, etc.