Reporting is important! Your internal grant is not complete until you have reported on the work accomplished.
What you should do
At the end of the summer or academic year in which funded projects occur, grant recipients will submit to the Provost and Dean of the Faculty a full report on expenditure of their grant(s) and on what was accomplished with the support of the grant(s). This can be submitted separately or included in their annual report.
Why you should do it
Many internal grants are funded by gifts and grants from alumni, foundations and other friends of the college. Lawrence reports to these donors regularly on how their contributions are being used. Your description of the important work accomplished with your internal grant helps show these donors that they were wise to invest their money in Lawrence and may even help persuade these and other donors to make future gifts.
And if that is not enough reason, here is another: Disregarding your reporting responsibility may result in suspension of further funding for a period of time determined by the Provost.