A grant is a provision of money to a non-profit organization for fund-worthy, value-creating projects. The grant process is a linear lifecycle carried out by the grantmaker and the grantseeker. It flows from the grantmaker creating a grant funding program to the grantseeker applying for that grant. In the end, it culminates with the grantmaker awarding a grant to the selected non-profit organization or business.
The leaders of non-profit organizations (NPOs) – the grantseekers – undertake the time-consuming task of searching for appropriate grants and completing grant applications, all while keeping their records up to date. However, leaders have found that grant management software tools help streamline this complex process.