How to Use the Grant Services

The following is an overview of the typical grant process and how an organization can use the Grant services in Aptify to facilitate grant procedures:

1. The organization or foundation identifies an opportunity to offer a grant in a specific field of interest to the organization.
2. The organization accepts application for the grant from interested parties.
3. The organization raises money to fund the grant.
4. The organization selects a grantee.
   • At this stage, a user can create a Grants record in Aptify. See Tracking Grant Information.
     
     
5. The organization performs due diligence to confirm that the grantee is a suitable recipient. Then, the board of directors or another decision-making body approves the grant based on satisfactory due diligence results.
   • See Recording Due Diligence Progress and Results for information on how to track due diligence efforts for a grant in Aptify.
     
     
6. The organization provides the grant funds to the grantee based on the grant's payment schedule. In turn, a grantee provides periodic reports of the grant's progress and financial position to the organization.
   • See Managing Grant Disbursements for information on how to track grant payments made to the grantee and reports received from the grantee.
   • See About the Balance Information for Grants Evaluating a Grant's Available Balance for information on how to review the available balance of the grant and the total payments made to the grantee to date.
     
     
7. When all funds for the grant have been distributed and the grantee's project is complete, a user marks the Grants record as Closed.