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World Fund.

2. If a grant has been approved but not paid, World Fund, DDF, endowed fund spendable earnings, directed
gifts, and Corporate Social Responsibility funds will be returned to their original source. Cash and TRF-
Donor Advised Fund contributions will be moved to Annual Fund-SHARE. Non-Rotary cash
contributions will be moved to the World Fund.
3. If a grant has been fully paid but all funds are returned, World Fund, DDF, endowed fund spendable
earnings, directed gifts, and Corporate Social Responsibility funds will be returned to their original
source. Cash and TRF-Donor Advised Fund contributions will be moved to the Annual Fund-SHARE.
Non-Rotary cash contributions will be moved to the World Fund.

4. If a grant has been fully paid but a partial amount is returned, all of those funds will be moved to the
World Fund.

XI. MICROCREDIT

The Rotary Foundation is committed to using microcredit programs to facilitate small, self-help enterprises. Clubs
and districts that are applying for global grants need to work with registered microfinance institutions that have
been operating for at least three years in order to administer loan programs as a way to carry out sustainable
development projects. But microcredit programs funded by the Foundation need to incorporate a component,
such as training, that extends beyond the management of loan capital. In addition:

1. Clubs and districts that want to use global grant funds to support a microcredit project need to submit a
Global Grant Application Supplement for Microcredit Projects with their grant applications.
2. Microcredit activities need to be supervised and controlled by the sponsoring club or district.

3. Grant funds need to be tracked separately in the accounting system of the microfinance institution.

4. Interest and fees generated by microcredit fund capital from The Rotary Foundation may be used for
administrative expenses that directly support the project.
5. Grant sponsors need to submit a Global Grant Report Supplement for Microcredit Projects with the final
grant report.

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.

XII. SPECIAL CONSIDERATIONS FOR INDIA

In addition to all other terms and conditions, grants with full or partial payment to a Rotary club or district in
India must follow the payment and reporting procedures below to comply with Government of India laws and the
Foreign Contribution Regulation Act (FCRA) read with Foreign Contribution Regulation Amendment Act 2020.
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.

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Terms and Conditions for Rotary Foundation District Grants and Global Grants (July 2021) 14