East Tennessee Foundation

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

The procedures for monitoring the use of grant funds depend on the type of grant made. grantees of competitive grant cycles are closely monitored throughout the grant application and award period. applications, including thorough project descriptions, analyses of expected outcomes, and detailed project budgets, are reviewed by staff and a qualified grants panel. organization site visits are conducted for most programs. funded organizations certify the use of grant funds and demonstrate such uses through the required submission of final and/or interim written reports. scholarship recipients acknowledge in writing that grant funds are intended to be used only for (1)tuition and fees for enrollment at a qualifying institution; (2) fees, books, supplies, and equipment required for courses of instruction at such an educational institution; and (3) room and board. actual scholarship payments on behalf of the scholarship recipient are made to the institution of enrollment accompanied by a payment transmittal letter stipulating the acceptable uses as above stated. student transcripts are reviewed for students receiving payment for more than one semester to ensure continued eligibility. recipient organizations of grants from donor advised funds certify that by depositing the grant check, grant funds will be used for the specific purpose stated in the grant award letter. organization/designated fund grantees receiving annual distributions from endowment funds are periodically reviewed