On Wednesday, August 19th, REI Systems and the George Washington University Trachtenberg School of Public...Sep 27, 2018
Despite the magnitude of grant activities today, many Federal, state, local, and non-profit organizations still struggle with effectively and efficiently managing these funds.
The disbursement of grants represents a meaningful portion of the Federal budget. With more than $600 billion in grants disbursed each year, grants represent more than 20% of Federal Government spending. Grant-making organizations are responsible for driving mission outcomes through their recipients, which can be difficult when grantors do not have direct control of grantees. Despite a lack of direct control, agencies must comply with laws and regulations requiring strong financial controls to minimize fraud, waste, and abuse while also measuring performance outcomes and compliance.