Great Public Schools Now

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

All payments for grantees are subject to compliance with a signed grant agreement, including grantee achievement, and gpsn's approval of any applicable targets, milestones, and reporting deliverables required under that agreement. gpsn, in its reasonable discretion, may modify payment dates or amounts and will notify grantee of any such changes in writing. gpsn will make the first payment in full, but the subsequent payment is an "up to" amount and may be reduced in gpsn's discretion based on its assessment of grantee completion of, or progress against, targets and milestones as well actual expenses incurred. grantee will submit reports according to the reporting & payment schedule included in the grant agreement. for a progress or final report to be considered satisfactory, it must demonstrate meaningful progress against the targets or milestones for that investment period. if meaningful progress has not been made, the report should explain why not and what adjustments grantee is making to get back on track. grantee must receive written approval from gpsn to add or modify any targets or milestones. grantee agrees to submit other reports gpsn may reasonably request. the grantee also agrees to spend all funds, and all income earned thereon, exclusively for the charitable and educational purposes of the project, as specifically described in the proposal and the grant agreement generally, and in accordance with an approved budget. grantee agrees that all work done under the agre