Grant recipients must submit a final report detailing the progress made in accomplishing the goals and objectives of the grant. This progress report should also include supporting financial statements that account for how the grant funds were spent.
Subsequent grant applications that may receive approval by The Foundation are typically not paid until the final progress report is received and the grant performance evaluation is complete and acceptable to the Foundation.
It is important to remember that Foundation funds must be expended for the purpose for which they were granted. Funds not used for that approved purpose must be returned to the Foundation unless approval has been granted by the Foundation.
On rare occasions, a request may be approved to use unspent funds for other special needs. The final progress report must be reviewed and signed by the CEO.