Foundant Technologies

The federal government awards over $500 billion annually as grants for different projects and programs. These funds are intended for specific purposes or goals and have controls to prevent abuse, waste, and fraud. Federal grants are subject to certain regulations, oversight, and audits to ensure accountability and transparency. Privately provided funds, similarly, must meet contractual

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Grant reporting is standard for grantees—it’s (generally) obligatory to provide grantors ongoing updates and retrospective breakdowns regarding efforts and outcomes.  For example, under the Federal Funding Accountability and Transparency Act (FFATA), federal financial award recipients must issue reports on the allocations and uses of the awarded funds.  Note that these progress reports were previously filed

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