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It involves following all rules, spending restrictions, and reporting requirements set by the grantor, and keeping accurate records of all related activities.
It is crucial for maintaining funding, avoiding penalties, and building trust with current and future funders.
Aplos enables organizations to track grant funds, expenses, and required documentation, making compliance easier and more transparent.
Noncompliance can lead to loss of funding, legal consequences, and damage to the organization’s reputation.
They often include spending restrictions, reporting deadlines, allowable costs, and documentation standards.