What to expect post-award
The grant cycle is the process that a grant goes through from the time it is announced to the time it is closed. It can be a long and complex process, but it is important to understand the different stages so that you can be prepared to submit a successful application and manage your grant effectively if you are awarded one.
The pre-award stage is the first stage of the grant cycle. It begins when the grant is announced and ends when the application deadline passes. During this stage, you will need to:
Research the grant and determine if you are eligible to apply.
Gather the required application materials.
Write a strong grant proposal.
Submit your application by the deadline.
The post-award stage begins when you are notified that you have been awarded the grant and ends when the grant period is over. During this stage, you will need to:
Sign the grant agreement.
Receive the grant funds.
Implement your project according to the grant proposal.
Submit required reports and financial documentation.
Close out the grant.
If you are awarded a grant, there are a few things you can expect in the post-award stage:
You will be required to sign a grant agreement. This document will outline the terms and conditions of the grant, such as the amount of funding, the project timeline, and the reporting requirements.
You will receive the grant funds. This can happen in a lump sum or in installments.
You will be required to implement your project according to the grant proposal. This means that you will need to spend the funds on the activities that you outlined in your proposal.
You will be required to submit required reports and financial documentation. These reports will track your progress on the project and ensure that you are using the funds appropriately.
You will be required to close out the grant. This means that you will need to provide a final report on the project and return any unused funds.
If you are interested in learning more about the grant cycle, we recommend visiting the website of the granting agency. They will typically have a section on their website that explains the grant process in detail. You can also find helpful information on grant writing and grant management online.
Good luck and reach out to our team here at Grant Purpose, should you need assistance or guidance.
