Community Foundation of Broward Inc

How it makes and monitors grants (Schedule I, Part IV)

Once a grant has been awarded, a contract is created that outlines the project specifics as described in the proposal. grantees submit mid-year and year-end reports that include a financial accounting report. the foundation has a good working relationship with its grantees. it is the goal of the community foundation to help grantees reach their stated outcomes to address community change. the scholarship payment is sent directly to the college and the college is instructed as to how the fund may be used and that any unused portion must be returned to the foundation. for multi-year awards, students are required to have an official transcript sent to the foundation before additional funds are sent to the college.a number of our scholarships are administered through a selection of committee in partnership with the broward education foundation. they abide by the selection criteria for each cfb fund, conduct due diligence in assessing the unmet financial need, make recommendations of recipients, disburse scholarship funds to the colleges and universities of each recipient, and handle the annual follow-up verification of enrollment for students with multi-year scholarships. all verification documentation is then provided to the foundation to release additional years' payments on multi-year scholarships.