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Start with a brief narrative outlining the types of activities being funded by the grant. Next, you’ll contextualize the financial statements in your grant report by showing why individual expenditures are necessary and valuable. If you show in your financial statements that you’re using the funding to advance your purpose as agreed upon, you’ll prove to the funder that awarding funding to your organization was an investment well made. You might also need to include financial reports on your overall organization to demonstrate compliance with legal and grant-specific requirements. Grant funding typically has restrictions placed on it by funders, so pay special attention to restricted fund accounting practices and make sure you can explain your accounting systems if asked. So, the first element that most funders want to see in a grant report is financial information.Īs you use grant funding, make sure to keep a detailed account of your expenditures. Grant management always starts and ends with financial responsibility. Let’s review each key element of a grant report in more detail. While different funders might have specific reporting requirements, most will ask for the basic information included in this grant report template: In this guide, we’ll look at the five key elements of how to write a grant report: More than that, a quality grant report is a chance to showcase your organization’s professionalism and strengths, which often makes funders more willing to provide support in the future. The more you prepare in advance, the more likely it is that you’ll be able to complete an effective grant report that fulfills the funder’s requirements. However, it’s never too early to start thinking about how to write a grant report that will secure a lasting relationship with the funder. Once you find a grant that’s the right fit for your organization and write a successful proposal, you’ll probably be excited to get started on the project your grant is funding.
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Grants are an essential source of funding for many nonprofit organizations.