Grantmaking is the process of providing funds or resources to organizations, projects, or individuals to support specific initiatives or causes. This financial support is often provided by foundations, government agencies, or corporations, and is typically aimed at addressing social, educational, or environmental issues. Grantmakers evaluate proposals based on criteria such as impact, feasibility, and alignment with their mission.
The grantmaking process usually involves several steps, including application submission, review, and selection. Once a grant is awarded, the recipient is often required to report on the progress and outcomes of the funded project. This ensures accountability and helps grantmakers assess the effectiveness of their funding efforts.