Grantmaking includes three primary components: what, who, and how. As grantmakers, most of us pay attention to what we fund—grantmaking strategy and impact—and who we fund—the grantees we support. But what about how we fund? The Grants Managers Network contends that grantmakers should pay equal attention to how grants are made—evaluating and continually improving the practices used to make grants. This report from Grants Managers Network walks funders through the five core questions and presents key concepts for evaluating and measuring the data you already have access to.