This report is designed to help other funders implement and refine analogous financial oversight processes at their organizations. The first section walks through the five key components of the Grant Expenditure Monitoring (GEM) review process, noting how Knight's approach has evolved over time. The next section discusses the impact of the GEM program on Knight and grantees, referring data from the two evaluations conducted in 2011. The final section shares lessons learned from designing and implementing the GEM program. The report also includes a Tool Kit section at the end with key documents used to manage the program.
Knight is still in the process of making changes to the GEM program based on the lessons learned so far. This report shares Knight's best thinking to date, acknowledging that the program will continue to evolve in the months and years ahead to account for learning and feedback received along the way.