Rf Catalytic Capital Inc

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

Grants procedure rf catalytic capital, inc. ("rfcc") invites tax-exempt 501(c)(3) organizations and other organizations to submit letters of intent or proposals for grant funds for initiatives or projects that relate to rfcc's priorities. some of the letters of intent will result in a request for proposals to provide a more in-depth description of the proposed scope of work and the plans for evaluating the project's achievement. in addition, the proposal provides a detailed budget supporting the requested amount and a budget narrative. rfcc staff review proposals and make recommendations to the project lead, on those proposals that are consistent with rfcc priorities and that offer the greatest impact and potential to achieve success. recommendations approved by the project lead are then submitted based on rfcc's schedule of authorizations or its project governance framework for final approval. grantees are notified of their grant awards, the reporting requirements, and are provided an upfront payment. generally, rfcc monitors the grantees throughout the grant period for progress via meetings, telephone calls, and submission of narrative and financial reports. staff review and approve (or not) financial reports submitted. at certain progress markers, rfcc will make additional payments. once the grant period and scope of work is completed as documented by acceptable final narrative and financial reports, final payment is made to the grantee. should the grantee at any point fai