We’ve come a long way.
Let’s recap before we dive in:
In June, we launched a book called Grants Program Design.
The aim of this book? To share our expertise in grants. Over the years of running grants programs at Gitcoin we’ve learned that Grants = Growth. And we want to enable you to achieve growth too, through grants.
Our four blog posts breaking down valuable information from the Grants Program Design book, are part of that. We covered the first three stages of launching a successful grants program (as outlined in our book), in the blog posts:
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The Learn stage involves reflecting on the performance of your grants program, measuring impact, and identifying areas for improvement. It includes collecting data, analyzing results, and implementing changes based on what you’ve learned. This stage ensures that your program evolves and continues to meet the needs of your community.
This stage is designed to promote continuous improvement. It helps you understand what’s working well and what needs to be adjusted. By gathering and analyzing data, you can make informed decisions that enhance the effectiveness of your grants program. The learning step is crucial for maintaining transparency, accountability, and relevance and creating a responsive grants program that evolves based on real-world feedback and insights.
The most important part of the learning process is to run an effective retrospective on your program. Running a retrospective will enable a deeper understanding of the full impact of your program, especially through collection of feedback from those involved. You will make both qualitative and quantitative assessments around how close you came to your definition of success.
For a few sample questions and retrospective worksheets, download the Grants Program Design Playbook.
Executing a proper reporting process creates more transparency, and therefore more legitimacy, for your program. This is also where you will source your case studies and testimonials from to build your program’s and your ecosystem’s reputation. The first step within the reporting process is to decide upon what will be reported. For instance:
There are some Best Practices to consider when doing reporting:
It is essential to hear how your funds have impacted the work of grantees. Through Grantee Reporting, you can decentralize impact reporting for your round and create more clarity on how the funds you’ve distributed are impacting your ecosystem. Letting your grantees know exactly what you would like them to report on and in what cadence is key. Consider putting together a template for grantees to use as a report.
When creating reports you also get the opportunity to create the narrative around your grants program. You want to construct a narrative that’s truthful and aligned to your objectives and vision.
Shortly after your program concludes is the best time for you to communicate to your community what you think it achieved, how you’d like them to feel about it, and what you’re hoping it will lead to in the future.
After you publish your reports, you should solicit community feedback to create the best possible version of your program and your organization!
For a breakdown of specific impact tracking tools, download the Grants Program Design Playbook.
By the end of the Learn stage, you should have:
And that concludes our four-part blog series of how to successfully run grants programs, which consolidates years of learning from running grants programs at Gitcoin.
We have worked with some of the biggest organizations and grants programs in the business including Arbitrum, Optimism, Uniswap, Polygon. Through running many grants programs at Gitcoin, we know that Grants = Growth. And we will keep sharing more essential resources for others to realize growth through grants.
For a Case Study, and more key strategies to creating a thriving ecosystem where funded projects have a lasting positive impact, download the Grants Program Design Playbook.
Download your free copy of the Grants Program Design playbook