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Friday, February 7, 2014

PhilanTopic | PND | Foundation Center | The 'Fine Print' of a Grant Agreement by Steven Green

PhilanTopic | PND | Foundation Center






The ‘Fine Print’ of a Grant Agreement

 The requested deliverables in the agreement generally include:

  • status update on the organization and program being funded;
  • progress on stated objectives and measures of success that were previously submitted;
  • annual or biannual budget reports and financial information (depending on the organization); and
  • projected dates and payment amounts.
Fundamentally, the foundation and grantee must reach a shared understanding on numerous items in order to agree on the terms and conditions of a grant award and payments. This understanding includes steps and a timeline for grant implementation; funds needed to support the implementation steps; monitoring activities; evaluation (and the expense associated with it); and other items.
Stephanie Doty
Discouraging NP Dysfunction
February 7, 2014
http://creativecommons.org/licenses/by-nc-nd/3.0/