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GRANTS / DONATIONS AGENDA ITEM No. 8 ___ MEETING:POLICY AND RESOURCES COMMITTEEMAN:3 MARCH 2021REPORT BY: TOWN CLERK ___ 1.0Purpose of the Report1.1The purpose of the report is to advise Members of
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Grants donations refer to funds provided by grant-making organizations, governments, or foundations to support specific projects or initiatives, typically without expecting repayment.
Organizations or individuals who receive grant donations usually need to file reports to the grant-making entity to demonstrate how the funds were used.
To fill out grants donations documentation, you typically need to provide details regarding the project, budget, intended use of funds, and any outcomes or impacts expected.
The purpose of grants donations is to provide financial support for initiatives that promote social, educational, cultural, or environmental goals.
Information that must be reported on grants donations includes the amount received, the purpose of the funds, project activities undertaken, outcomes achieved, and any financial statements.
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