How does the 'Review' phase improve the grantmaking process?

The 'Review' phase significantly enhances the grantmaking process by focusing on assessing the effectiveness of funded projects. This phase is vital as it provides an opportunity for evaluators to analyze how well the projects have achieved their intended goals and outcomes. By examining performance metrics, stakeholder feedback, and project reports, the review phase helps organizations understand what worked well and what did not. This evaluation not only informs future funding decisions but also ensures accountability to stakeholders and funders, ultimately leading to more effective use of resources.

Understanding the effectiveness of funded projects allows grantmakers to make data-driven decisions, ensuring that future grants are directed toward initiatives that have demonstrated a positive impact. This knowledge helps in refining grant criteria and selecting future projects that are more likely to succeed, thus contributing to a cycle of continuous improvement in the grantmaking process.