Funding is critical in ecology and related fields, as it enables research and sustains livelihoods. However, early-career researchers (ECRs) from diverse backgrounds are disproportionately underrepresented as funding recipients. To help funding programs self-evaluate progress towards increasing equity, diversity, and inclusion (EDI) in their funding opportunities, we introduce the Stage-based Assessments of Grants for EDI (SAGE) Toolkit. Developed using existing literature, semi-structured interviews, and coauthors’ experiences, the toolkit considers how each funding stage (Advertisement, Application, Review, Awarding) interacts with applicants from racialized and other underrepresented backgrounds. The toolkit offers specific criteria and recommendations, with explanations and examples from funding agencies, to support applicants who have been historically marginalized in ecology and are often left out of equitable funding consideration. Changes in funding mechanisms alone will not reverse the marginalization of communities and peoples in the field of ecology, but advancing EDI must include action throughout the grant process. Efforts to increase EDI must be sustained, and the toolkit allows for additional considerations and evolving best practices. With the SAGE Toolkit, efforts to increase EDI can help to transition away from a transactional dynamic between funder and applicant to instead supportive community and collaboration. The SAGE Toolkit is available online at bit.ly/ediSAGEtoolkit.