Hutchinson Community Foundation

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

Grants requested by a fund's advisor are reviewed before the grant is paid out through the due diligence process. the due diligence process includes verification of the organization's charitable tax status, review of financial statements, and other research deemed necessary by staff. if a grant is awarded to a non-charity, expenditure responsibility is required. expenditure responsibility may also be required for grants to charitable organizations if the grant is for special projects. a grant awarded through a competitive process requires a completed application form, documentation on the organization's charitable status, and submission of financial statements. the competitive applications are then reviewed by staff and a volunteer committee that makes the funding determinations. applicants in the competitive process may be interviewed and site visits may be required. all grants funded through the competitive process require submitting a completed grant report form at the end of the project and are reviewed by staff to determine that the funds were used appropriately.