Pwc Foundation Inc

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

For grants to nonprofit organizations, a due diligence process is in place to ensure the organization's work aligns with the foundation's mission and is an eligible organization in good standing prior to final approval and funding. emergency hardship grant requests are reviewed, including obtaining relevant and sufficient documentation to substantiate request for hardship and approved by the advisory committee, executive committee of the board or program chair, depending on the specifics of the grant amount and circumstance. the foundation also has several procedures in place to monitor its grants and ensure that such grants are used for proper purposes. the foundation sends grant acknowledgment letters or grant services agreements to each grantee requiring that fund be used efficiently and effectively for the grantee's charitable purpose. the foundation also asks that grantees describe how such funds have supported their mission. for grant agreements spanning multiple years, the foundation has additional safeguards in place to ensure that grant funds are expended in accordance with the agreement. purpose of grant or assistance: education - to close the opportunity gap and support the development of the next generation of leaders through grants and contributions to charitable organizations that create innovative programs and initiatives that equip students with the critical skills for success, lay a sustainable foundation for educational growth and provide access to college a