Fund disbursement is the payment of awarded money to grantees, made as a single transfer or in tranches released against milestones, reports or other agreed conditions.
Tracking disbursements against approvals and conditions keeps a program in control of its budget and produces the audit trail that compliance and reporting depend on.
Fund disbursement is the payment of awarded money to grantees, after the funding decision has been made. It can be a single transfer or a series of tranches released against milestones, reports or other agreed conditions.
A lump sum releases the full award at once, suiting smaller or lower-risk grants. Milestone-based disbursement releases money in stages tied to agreed deliverables or reports, which keeps funds aligned with progress on larger or multi-year grants.
Tracking each payment against its approval and conditions keeps a program in control of its budget and shows, at any moment, how much is committed, paid and remaining. It also provides the audit trail that compliance and reporting depend on.
Notification of award is telling an applicant their request has been approved and confirming the amount. Fund disbursement is the separate, later step of actually releasing that money, often in tranches tied to conditions.
The newest terms we've added, the words teams managing grants, sponsorship, and CSR come across most often.
Post-award is the phase of the grant lifecycle that follows the funding decision: disbursing funds, tracking how they are spent, collecting grantee reports, measuring outcomes against the objectives set at the start, and closing the grant.
Post-award is where impact is either evidenced or lost. A funder whose attention stops at the payment has spent the money without being able to say what it produced.
Expenditure responsibility is the set of steps a US private foundation must take when it grants to an organisation that is not a public charity: a pre-grant inquiry, a written agreement restricting the use of funds, separate accounting by the grantee, reports on how the money was spent, and disclosure on the foundation's own return.
The obligation follows the money, not the recipient's good faith. Omitting a step is a compliance failure even where the funds achieved exactly what both parties intended.
Equivalency determination is the process by which a US private foundation makes a good-faith determination that a foreign grantee is the equivalent of a US public charity, allowing the grant to be treated like a domestic one.
It is a documentation exercise, not a judgement call. The foundation assembles the grantee's governing documents, financial history and description of activities, and written advice from a qualified tax practitioner supports the conclusion.
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