Page 108 - 2021-22GMS基金獎助金管理研習手冊

2021-22 GMS 扶輪基金獎助金管理研習會
2020-21 GMS 扶輪基金獎助金管理研習會

Follow local laws
While The Rotary Foundation attempts to follow international
guidelines, laws in some countries and regions may be more stringent
than Foundation requirements. It is the responsibility of both Grant agree-
international and host sponsors to be aware of and comply with local ments are made
laws. Conversely, if local laws are less stringent, the club must still meet only between the
Foundation and clubs,
Foundation requirements. and they are subject to

Situations in which local laws are not compatible with Foundation the laws of the State
of Illinois (because The
requirements (e.g., regarding bank account naming) are handled case by Rotary Foundation is
case. Contact your payment coordinator for more information. an Illinois corporation)
and of the United
Transfer and disbursement of funds States. Grant sponsors
are also expected
After your global grant application is authorized, your club must to follow their own
complete the payment requirements outlined in the approval countries’ laws.
notification, including:
• Provide the project bank account’s information

• Name two Rotary members as signatories
• Submit cash contributions to The Rotary Foundation or deposit them
directly into the project account where allowed

• Complete any payment contingencies that were included in your
approval letter

The approval notification also provides important information about
making travel arrangements and getting travel insurance, in addition to
the most up-to-date terms and conditions of your grant.

The Foundation sometimes pays large grant awards in installments,
depending on the project’s spending and implementation plan. The funds
must be managed and distributed by a club; they may not be turned over
to non-Rotary partners or entities to disburse. If a partner organization
incurs expenses, the club should reimburse it from the project account
after receiving a receipt.

For grants paid in India, any remaining funds must be returned to
The Rotary Foundation. For all other countries, if more than $500 of
grant funds remains unused, you’re required to return the money to
The Rotary Foundation. It will be credited to the World Fund, except
when countries do not allow that.

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