Long Term or Multi-Year Grants

RikkaHolidayRikkaHoliday Posts: 9
World Traveler 25 Likes Second Compass Anniversary Photogenic
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edited June 2022 in Grants & Scholarships

Does your Organization provide Long Term or Multi-Year Grants?

What do you consider a long-term grant?

What are some workflows that work for managing these in GLM?

Tagged:
MeliaSwirskyjessicamaceKaraAdamsMeredithEdwards

Comments

  • PennyHalsteadPennyHalstead Posts: 3
    U.S.A. 10-Year Anniversary Grant Lifecycle Manager (GLM) 5 Likes
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    edited July 2022

    We provide multi-year grants that are between 2-5 years. We add installments in GLM and require an interim follow-up report before each installment is paid. Grantees need to meet certain conditions before the next installment payment will be sent. We meet with them to verify that they have met any conditions for the installment and that information about the grant has not changed since they received the first installment. They must demonstrate sufficient progress on the grant. If found satisfactory, the next installment payment will be released.

    We have had multi-year grants that did not meet the requirements and future installments were canceled. I was very happy when Foundant created the option to cancel installments but leave the original amount awarded.

    jessicamaceMeliaSwirskyKaraAdamsJoAnnaDarda
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