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A grantor is an entity that provides funding to a nonprofit through a grant, often with specific requirements for use and reporting.
The grantor gives the funds, while the grantee is the recipient organization that uses the funds for approved purposes.
Proper tracking ensures compliance with grant agreements, maintains trust, and increases chances for future funding.
Yes, individuals, as well as organizations and government agencies, can serve as grantors if they provide funding to nonprofits.