Grants are often approved with conditions. These can be conditions relating to the timing of the funding, the ability of the organisation to raise matched funding or any other conditions precedent that are required before funding is released.

The funds can be given either in one lump sum or in tranches against milestones or against approved third party quotes.

Beyond these standard requirements, some donors sometimes include other requirements that are specific to the organisation or project.

It is good practice to ensure that the donee agrees to the conditions and accepts the grant in writing.

Leave a Reply

Your email address will not be published. Required fields are marked *