Prepare for Grants Management
Before you dive into building out an entire grants program, you should have the elements in place for managing all the awards you will be receiving from your successful proposals.
Grants management includes all the administration and work that goes into expending grant award dollars and fulfilling all the requirements of the award. A grant award given to an organization or individual is a contract. That contract stipulates how the money can be used, how that use is reported, and the time frame covered by the award.
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