Page 158 - 2023-24 RFGMS研習會手冊

4. A description of how the host and international partners, as well as any cooperating organizations
associated with the grant, participated in the project
5. A detailed account of project spending and complete project account bank statements. The Foundation
may also ask sponsors to submit receipts. Scholars and vocational training teams need to give their
sponsors receipts for expenses of more than $75. For grants paid to Argentina and Brazil, receipts for
all expenses must be submitted with reports.
R. The Foundation will close the grant when the project implementation is finished and the sponsors have
shown that sustainability measures are in place to ensure that community members can continue the
project.

9. CANCELED GRANTS

A. If a grant has not been approved, cash and Foundation donor advised fund contributions received for the
grant will be credited to the Annual Fund-SHARE. Non-Rotary cash contributions will be credited to the
World Fund.

B. 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 sources. Cash and
Foundation donor advised fund contributions will be credited to Annual Fund-SHARE. Non-Rotary cash
contributions will be credited to the World Fund.

C. 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 sources.
Cash and Foundation donor advised fund contributions will be credited to the Annual Fund-SHARE. Non-
Rotary cash contributions will be credited to the World Fund.

D. If a grant has been fully paid but a partial amount is returned, all of those funds will be credited to the
World Fund.
E. Any interest earned on grant funds must be sent to the Foundation.

10. MICROCREDIT

A. The Rotary Foundation is committed to using microcredit projects to support small and medium-sized
enterprises, family-based businesses, and local entrepreneurs.
B. Clubs and districts that apply for global grants need to work with registered microfinance institutions
(MFIs) that have operated for at least three years to administer loan programs as a way to carry out
sustainable development projects.

C. Microcredit activities need to be supervised and controlled by the sponsor clubs or districts.
D. Microcredit projects must be clearly identifiable as Rotary projects.

E. Loan capital allocated for microcredit must be lent at least twice, over at least 18 months (ideally, a loan
cycle is 12 months).

F. The Foundation considers a microcredit grant project to be completed when the total amount of budgeted
loan capital has been lent and repaid at least twice and all other project activities have been completed.

G. The annual interest rate that borrowers are charged must be the lesser of either 10 points less than the

Terms and Conditions for Rotary Foundation Global Grants (April 2022)
158 2023-24 RFGMS 扶輪基金獎助金管理研習會 11