Welcome to the e-learning lesson on managing public grants. Understanding and honoring the requirements set forth by the Federal awarding agency is critical to successfully implementing your federally funded project. Unlike funds from private foundations or individuals, Federal funds require compliance with what may initially seem to be an overwhelming number of requirements. This lesson will provide you with resources and general information about grant management policies for most Federal funding agencies. Questions are bound to arise as you set up and implement your funded project. Since each Federal agency has specific requirements, it is critical that you become very familiar with the terms of your award and the Federal staff assigned to oversee your project. By engaging in this lesson, capacity builders and intermediary organizations will better understand the key concepts and elements required to manage Federal grants effectively, including: achieving proposed program goals, receiving and disbursing Federal funds, complying with reporting requirements, and writing continuation applications.