Common terms, in plain English
Terminology varies between programs. Read these explanations alongside your grant’s current guidelines and funding agreement.
- Acquittal / accountability report
- Explains grant expenditure; sometimes called an expenditure statement.
- Program guidelines
- Instructions for a grant, also called application guidelines.
- Assessment criteria
- The points used to judge applications.
- Funding agreement
- The document setting funding conditions and responsibilities.
- Milestones
- Significant checkpoints in project delivery.
- Outcomes
- The changes or benefits the project aims to achieve.
- Evaluation
- Checking what the project achieved.
- In-kind contribution
- Support supplied without payment, such as donated space.
- Letters of support
- Written backing from another organisation.
- Declaration
- Formal confirmation that application information is accurate.
- Funding round
- A period when applications are accepted.
- Funding stream
- A program pathway with its own requirements.
- Auspice organisation
- An organisation accepting grant responsibilities on another group’s behalf.
Reference: Victorian Government: Grant terminology explained. Its community-grant context may differ from your program.
Using these terms in GrantAlly
These explanations describe grant terminology, not additional software features. Check the workflow supports your required documents and arrangements.