Grant reports are a fact of life for funders and nonprofits. Generally structured as written narratives and detailed financial information, they serve variously as an accountability mechanism, a trigger for the release of the next round of funding, a way to document past activity, and a source of data and stories. At their best, grant reports are a platform for building relationships and making decisions, whether about an individual grantee or about overall grantmaking strategy. While there is a nearly universal belief that grant reports are necessary, there is far less agreement about frequency and format, required elements, and uses (never mind, usefulness!).