Page 54 - 18-19年度RFGMS手冊電子書專用

Rotory Foundation Grant Management Seminar
扶輪基金獎助金管理研習會

following:
1. Verification from both primary sponsors that the grant is initiated, controlled, and managed by
Rotary clubs or districts
2. Endorsement from the primary sponsors affirming that the cooperating organization is reputable,
responsible, and acting within all governing laws
3. Grant implementation plan clearly delineating the activities of each party
4. Agreement from the cooperating organization to participate in any financial review by the
Foundation of activities connected with the grant

VIII. PAYMENTS
District Grants
Grant funds will be paid only to the district or district foundation bank account identified by the district
at the time of application. District grant funds will not be released until the previous Rotary year’s
district grant is closed. District grants are paid out at the current RI exchange rate at the time of
payment. Funds are not available after the close of the implementation year; if sponsors do not meet
all payment requirements by 31 May of the implementation year, the grant will be canceled.

Global Grants
Grant funds will not be released until sponsor contributions have been submitted to The Rotary
Foundation, any payment contingencies have been met and the legal agreement has been
authorized. Grant funds will be paid to the account provided in the application and must remain
in that account until used for the direct payment of project expenses. Direct payment is defined
as a payment made directly to a project vendor or reimbursement to a cooperating or beneficiary
organization. Project funds may not be provided to a vendor, cooperating or beneficiary organization
in advance of project expenses or services. Organizations being reimbursed for the purchase of
project expenses must provide Rotarian sponsors with copies of the original invoice or receipt prior
to payment. Account signatories must be members of the sponsoring club or district. Grants will be
paid out at the current RI exchange rate at the time of payment. If a grant project is canceled after
the project sponsors receive payment, all remaining grant funds must be returned to the Foundation,
where they will be credited to the World Fund.
Grants for which the World Fund award is between $50,001 and $200,000 will be paid in installments
according to a spending plan. Subsequent payments will be made after the grant sponsors submit
an accepted progress report and an interim site visit has been conducted by the Cadre of Technical
Advisors.
The following points apply to global grants funded with cash contributions:
1. All grant-related transactions will be recorded using the current published monthly RI exchange
rate, and all grant-related transactions will be officially communicated in US dollars.
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