Which of the following is the main purpose of the 'Review' phase in grantmaking?

The main purpose of the 'Review' phase in grantmaking is to assess project proposals. During this phase, evaluators and decision-makers thoroughly analyze the submitted grant applications to determine their feasibility, alignment with funding priorities, and potential impact. This step is crucial as it allows grantmaking organizations to choose projects that best align with their mission and objectives, ensuring that funds are allocated to initiatives that are most likely to succeed and produce beneficial outcomes.

Assessment involves a systematic review of the proposals, taking into account factors such as the project's goals, the applicant's qualifications, budget considerations, and how well the project meets the specific criteria established by the funding entity. This careful evaluation helps in making informed decisions about which projects to fund, thereby enhancing the effectiveness of the grantmaking process.

While finalizing awards, engaging stakeholders, and planning future grants are also important components of the overall grantmaking process, they occur at different stages and are not the primary focus during the 'Review' phase. The emphasis here is solely on evaluating and assessing the quality and viability of the project proposals submitted by applicants.