Grant Management

Grant management is a system that includes applying for and securing grants, adhering to requirements, disbursing funds, evaluating outcomes.

Grants are provided to fulfil a specified purpose, a definite outcome. Provided to institutions constituted or incorporated as such by law.

Recipient, Sub-recipient and Vendor

Recipient is the organisation receiving the grant. A recipient is sometimes called the Prime because they have the full responsibility for the funds. The document evidencing is a grant contract

Sub-recipient is involved in substantive activities of the award project. The recipient passes on some or all of its duties to the sub-recipient through a sub award. All the terms and conditions from the grant award flow down to sub-recipients through the sub-award. The document evidencing is a sub grant contract

Vendor/service provider, is one who provides goods/services to the recipient so the recipient can accomplish the project’s purposes. Selected terms and conditions might be passed through to the vendor. The document evidencing is a contract

Grant management lifecycle

Grant Management Cycle.png

Illustrated:

Pre award: 

Awarded: 

Post award: 

Principles of grant management

Prerequisites for robust grant management system

General Conditions of a Grant:

Operational Terms and Condition of Grant

Example:

After grant signing, a “Compliance Calendar” be prepared to ensure all terms and conditions are being adhered as per grant.

Robust Grant Monitoring System

Grant monitoring is a process to measure/review performance during grant period. It assesses physical & financial progress, identifies risks and corresponding mitigation measures, ensures that funds are used as intended and programs achieve desired outcomes and impact.

Important Tools and Process:

Interest apportionment:

Common/Core Cost

Salary Allocation for multiple projects:

 

Please note: Information is for reference only. Read our disclaimer here.


Revision #10
Created 24 April 2024 04:08:27 by Pooja
Updated 23 December 2024 18:46:17 by Pooja