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What is grantmaking?

What is grantmaking? Here are some definitions.

Noun
  1. (US) The discretionary awarding of grants (especially by a large foundation or other organization as a form or organized philanthropy).
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Regarding grantmaking foundations, understanding and assessing the public interest or good being served is an additional consideration of publicness or privateness.
The Colorado Trust is a strategic grantmaking foundation dedicated to achieving access to health for all Coloradans.

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