What is often the last step in the grantmaking lifecycle?

The last step in the grantmaking lifecycle is typically the review stage. This phase involves assessing and analyzing the outcomes of the grant program to determine its overall effectiveness and impact. During this stage, grantmakers evaluate how well the funding met the intended goals, what challenges were faced, and the lessons learned throughout the process. This reflection not only helps in understanding the success of the grant but also informs future grantmaking strategies and practices.

In the grantmaking lifecycle, other stages such as engaging stakeholders, awarding funds, and planning initiatives are crucial components, but they precede the review phase. Engaging ensures that the right stakeholders are involved from the beginning, planning sets the groundwork for what will be funded, and awarding is the act of officially giving the funds. However, the review is essential for measuring success and making data-driven decisions moving forward.