What is the Difference Between Approvals vs. Payments Dashboards?

What is the difference between the Approvals and Payments Dashboards?

GivingData has two main dashboards - Payments and Approvals. Each dashboard provides important data about an organization's grantmaking. Approvals and payments provide different information on their respective dashboards.

Approvals refers to the total grant amounts that have been approved.

Payments refers to the total grant payments that will be or have been paid. 

The chart below highlights the difference in dollar amounts based on how a user views the data:

The above chart represents the same three grants shown on the Approvals Dashboard and on the Payments Dashboard. Approvals are 3x the payment amounts in 2021, but the inverse occurs in 2023.