“Foundations use grant agreements to serve as a contract,” writes Danielle Reyes, executive director of Crimsonbridge Foundation, “typically to confirm details regarding the amount and period of the grant, its purpose, terms and conditions, and required reports and deadlines.”
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Continues Reyes:
Unfortunately, in some cases, the grant agreement may be the last contact a funder has with a grantee until they receive a final report, if that, 12 months later. Don’t let this happen! The timing of a grant agreement presents a unique opportunity for funders to set the stage for an engaged and mutually beneficial relationship.
Read her suggestions for thinking creatively about what to include in grant agreements >>