The basis of grant-making is a proposal by a person or company soliciting funds.
(Some companies call a request a "proposal" and once approved a "project")
The actual steps followed by organisations vary widely and may include all the steps mentioned and more:-
•Solicitation by the Grant-maker for applications.
•Prospects submitting applications with supporting documents required by the Grant-maker.
•Application review to ensure prospect has followed the grant guidelines.
•Preliminary screening and rejection of applications not meeting criteria and acceptance of applications that do.
•Creation of panel-packs (an aggregation of all applications that qualify) for an internal review team.
•Review team meet to discuss merits, rate applications and prepare a set of proposals in a board-pack.
•The Grant-maker’s Board of Directors meet to formally accept these applications recommended by the review team.
•The applicant is notified via a cover letter along with a contract or agreement that they must accept.
•Payments are disbursed based on the Grant-maker’s rules. These may be:
•at the end of a project,
•part way through a project’s completion,
•in fixed or variable tranches
•It is common practice for a Grant-maker require an interim report (a report provided by the grantee to show progress).
•At the end of the project life-cycle a grantee will normally have to provide a final report outlining the success (or not) of a project that has been funded.
Most grant-makers have a clear set of steps (workflow) to process proposals and each grant-maker differs from another.
Devman's project workflow is easily customised to your specific needs.
A typical workflow may be:
The less experienced may benefit by reading this next section.
Others may skip and go directly to Working with proposals and projects.