Dave Thomas Foundation for Adoption

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

The foundation requires all grantees to complete a budget detailing how they will utilize foundation grant funds. - wendy's wonderful kids grantees are supplied a budget template which includes instructions as to the appropriate uses of funds. this budget is reviewed and contents are negotiated with the grantee prior to the issuance of a grant contract. once agreed upon, this budget becomes part of the grant contract. on a semi-annual basis, the grantees are required to submit an update on the use of funds. these semi-annual reports are reviewed and any issues are discussed with the grantee. at the end of the grant, a final accounting of grant funds is submitted and any unspent funds are required to be returned to the foundation. the wendy's wonderful kids grants budget is reviewed and approved by the full board of trustees. - general grantees are required to complete a budget as to how they propose the grant funds are to be utilized. grant budgets and accountabilities are approved by the staff, expenditures are monitored semi-annually and general grant commitments are reported to the board annually. at the end of the contracted grant period, the grantees are required to submit a final accounting of funds. any unspent funds are required to be returned to the foundation.