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PAYMENT AND ACCOUNTABILITY |
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When an award is made, it will be communicated by letter stating the purpose or purposes for which the grant funds may be used. Grant funds may not be expended for any other purpose(s) without the Foundation’s prior written approval. Any funds not expended or committed for the purpose(s) of the grant within the period stated in the award letter must be returned to the Foundation. A written report on the use of the funds and the status of the project must be made to the Foundation no later than one (1) year after the payment of the grant. For multi-year grants, installment payments will be made after receipt of a brief report on the progress of the project or program and a statement of funds expended or committed. A final report for a multi-year grant should be submitted at the same time that the last grant installment is paid. |
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1802 Bayberry Court, Suite 401, Richmond, Virginia 23226-3773 Phone: (804) 521-0272 • E-mail: bcarterfn@aol.com |
