Grant Distribution. Notification to eligible applicants regarding the amount they have been awarded for the FIRST grant distribution will be made no later than January 31, 2025, and will be applied by the end of the month.
Grant Distribution. The Subrecipient and OBO agree that the funds will be distributed in accordance with the Subrecipient Funding Disbursement Policies (Exhibit D).
Grant Distribution. MWMO agrees to disburse the Grant Funds to Grantee in accordance with this section.
Grant Distribution. The Subrecipient and OBO agree that the funds will be distributed in accordance with the Subrecipient Funding Disbursement Policies (Exhibit D). Grant Expenditure Schedule. The Grant Expenditure Schedule will be based on the timeline provide by the Funding Review Packets, the budget templates and draw requests. All Grant proceeds that remain unexpended the later of eighteen (18) months after the date of the grant agreement or as of June 30, 2026 (or such later date to which OBO shall extend such deadline, in its sole discretion) shall be returned to OBO promptly (and in any event within ten (10) business days thereafter).
Grant Distribution. Before receiving any incentive monies, applicants will need to submit a finalized hotel room night pick-up report or room night written verification from any utilized Chesapeake lodging property or properties listing the total room pick-up. Additionally, applicants will be required to submit a copy of all eligible invoices and receipts and proof of payment of eligible expenses within 90 days of the end date of the pre-approved meeting or event. If you do not provide verification, your rebate will be forfeited. Rebates will only be issued after the event has occurred and all required documentation has been submitted and verified. Reimbursement will be calculated based on the number of Chesapeake hotel rooms and the total amount of eligible invoices and receipts submitted (up to the maximum award allowed). Funds will be dispersed by check to the host organization once their final packet has been received and reviewed for eligibility, if approved. Organizations should receive a check within four weeks of approval.
Grant Distribution. Donors may, at the time they create a fund, recommend that the fund be managed as a permanent endowment, quasi endowment, or a non-endowed fund. Donors may also recommend a payout percentage or follow the GECF spending policy. Donors may also specify that no grants be made until the fund reaches a certain dollar amount. All grants from donor funds are subject to the Community Foundation’s variance power as noted above. The grant allocation will be made each January once the fund has achieved a minimum balance of $25,000 and achieved four quarters of earnings. The amount of the grant allocation will be the average of the prior 3-years ending fund balances, or the number of years that the fund has been in existence if less than 3 years, multiplied by the spending policy that is specified in the fund agreement. In the event of a decline of fund values due to market downturn or other factors, subsequent earnings will first be applied to restore the principal of the fund.
Grant Distribution. Foundation will pay Grant Recipient the amounts specified in each Grant in accordance with the terms set forth therein. All other amounts set forth in the Grant, if any, are stated in and are payable in ARB. The parties will use their respective commercially reasonable efforts to promptly resolve any payment disputes. Grant Recipient understands and acknowledges that: (i) Foundation will not be involved in the operation of any Grant Recipient Activities; (ii) by providing the Grant, Foundation is only granting ARB to Grant Recipient and is not conducting any Grant Recipient Activities; (iii) Foundation is not, and will not be, registered as a virtual asset service provider under the Virtual Assets Services Providers Act of the Cayman Islands and the ARB tokens have not been, and will not be, registered with the Cayman Islands Monetary Authority; and (iv) this Agreement does not constitute a sale of virtual assets to the public.
Grant Distribution. TCC shall provide a Grant (“Grant”) to the Filmmaker in the amount of $ in recognition of being chosen the place submission. All grants shall be paid within 30 days after the Conditions Precedent in section II above are satisfied.
Grant Distribution. The Spending Policy is intended to ensure that distributions are consistent with a donor’s intent when that donor has specified limitations on distributions from a fund. Any such limitations must be specified at the time the fund is established. Please indicate your distribution limitations below: I would like a payout of %. Fund is quasi-endowment, which means may not last forever.
