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Rotary Calcutta - Foundation Files |
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| Change in Policy |
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CHANGE
IN FOUNDATION GRANTS POLICY Dear Rotarians, Some important and difficult decisions were taken at the April meeting of TRF Trustees, in view of reduction in overall availability of World Funds for Rotary year 2009-10. MATCHING GRANTS The World Fund allocation for Matching Grants has been reduced to US$9.5 million for 2009-10, about 70 percent less than the original budget for 2008-09. Matching Grant applications will be accepted beginning 1 July 2009 in accordance with the normal business cycle. While the good news is that Matching Grant program will continue next Rotary year without change, the bad news is that World Fund (WF) amount of $ 9.5 million could run out very quickly in July. It makes sense to submit the new applications as early as possible and if they are complete they would have a good chance at receiving funding if received very early in the Rotary year. The applications already filed at TRF and acknowledged with MG numbers during Rotary year 2008-09 would get priority, provided deficiencies are taken care of by sponsoring Rotary Clubs and applications are complete and ready for approval. These applications will get first chance at funding starting in July. Applications, which were received after the commitment of the budget in early March 2009 and were returned to sponsors without processing, would need to be resubmitted after 1st July 2009 and would be processed in date order along with any new application, until the budget for 2009-10 is exhausted. A new type of Matching Grant has been conceptualized without any TRF award. If the cash and DDF contributions pledged on the Matching Grant application exceeds US$10,000, then Rotarians have the option of requesting a Matching Grant equal to the total of sponsoring contributions without any TRF award. While clubs may directly join hands internationally to do a WCS project, it would be essential to take MG route to utilise the DDF available with the district. These applications would be considered throughout the Rotary year, even if MG funds are exhausted, provided applications are submitted within the MG cycle and all criteria normally applicable to Matching Grant program are fulfilled. 3H GRANT The budget for 3-H Grant has also been greatly reduced and will only support new projects that are part of Rotary’s alliance with USAID to improve water and sanitation in some specified parts of world, India not being one of them for the time being. VOLUNTEER SERVICE GRANTS Effective 1 July 2009, the Foundation will no longer fund the Volunteer Service Grants. AG Vishnu Dhandhania, Chair, District Grants Sub Committee DGSC 2008-10 |
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Author:
PP Dr Dipak Sarbadhikari, Webmaster Contact: Send mail URL: www.rotacal.org/rf/matching_grants.htm Updated: 07 Jun 2009 |