Page 143 - 2021-22GMS基金獎助金管理研習手冊

GMS

6. If a microcredit project ends before meeting our reporting requirements, sponsors need to return grant
funds to the Foundation.

7. The Rotary Foundation will not fund loan guaranty systems.

XI. SPECIAL CONSIDERATIONS FOR ROTARY FOUNDATION (INDIA)

In addition to all other terms and conditions, grants with full or partial payment to a Rotary club or district in
India need to follow the payment and reporting procedures below to comply with Government of India laws and
the Foreign Contribution Regulation Act (FCRA). For general information about the FCRA, go to
https://fcraonline.nic.in/home/index.aspx. A FCRA-registered club or district is responsible for furnishing FC-4
return along with the financial statements to the Ministry of Home Affairs, New Delhi, in a timely manner.

Grant payments

All grant payments will be remitted to bank accounts especially opened to receive INR funds or to a club-
controlled FCRA account. Grant funds will not be released to a bank account in India unless all general payment
conditions listed below have been met. Either the staff need to determine that enough funds are available from
contributions made within India or the sponsors need to provide documentation showing that the bank account is
registered under the FCRA. Otherwise, the payment will be placed in a queue and paid on a first-come, first-
served basis only when more contributions (within India) are made and enough funds are available. Grant
sponsors need to ensure that funds received in a FCRA-registered bank account are not commingled with local
funds.

District grants

Payment is contingent upon the approval of a detailed spending plan that includes an itemized budget for each
listed project or activity. Grant funds will be paid only to the district bank account, which needs a name that
identifies both the district and the project (for example, Rotary District 0000 District Grant 12345). District grant
funds will not be released until the previous Rotary year’s district grant is closed. Funds are not available after the
close of the implementation year. If sponsors don’t meet all payment requirements by 31 May of the
implementation year, the grant will be canceled.

Global grants
Funds won’t be released until all sponsor contributions have been submitted to The Rotary Foundation and any
payment contingencies have been met. Grant funds will be paid to the account provided by the grant sponsors.

Grant reporting
Progress reports on grant funds paid out from Rotary Foundation (India) through 31 March are due by 31 May of
that same year. Final reports are due two months after the grant’s completion. All progress reports need to meet
all general reporting requirements as listed in section IX. In addition, the grant sponsors need to:

1. Submit a progress report electronically in the Grant Center

Terms and Conditions for Rotary Foundation District Grants and Global Grants (September 2020) 14

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