Can a non-profit organization require a grant be spent only at a specific company?
I want to find a reliable source for information regarding rules that non-profit organizatons must follow when granting funds. Specifically, is it legal for a funding organization require that their grant funds be spent by the grantee only at a specific provider?
government grants all come with contracts as to how the money can be spent and what it can be spent on
part of a government agreement usually includes reporting responsibilities attached to the funding e.g. requiring an audit report
this is from the perspective of the not for profit organisations being given funds by the government. I have never heard of a not for profit organisation which gives grants other than scholarship type arrangements and yes these can be worded so that the funds may only be spent with one supplier.
powered by Yahoo answers
No related posts.
government grants all come with contracts as to how the money can be spent and what it can be spent on
part of a government agreement usually includes reporting responsibilities attached to the funding e.g. requiring an audit report
this is from the perspective of the not for profit organisations being given funds by the government. I have never heard of a not for profit organisation which gives grants other than scholarship type arrangements and yes these can be worded so that the funds may only be spent with one supplier.
References :
Yes…it’s their money, they set the rules.
References :
Add A Comment