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The closeout step is where the grant process ends. In order to complete a closeout, you, the award recipient, must submit the final financial and programmatic reports.
In addition to standard terms describing grant amounts and purposes, agreements also include provisions regarding intellectual property rights, reporting requirements, and indemnification, among other subjects. Special provisions are included that deal with international philanthropy.
Grant closure is the final stage of the Global Fund grant cycle. It involves an assessment of grant accomplishments, recovery of outstanding ineligible funds, transfer or recovery of cash and transfer or reallocation of assets for continued use in the fight against the three diseases.
Grant agreement. ?Grant agreement? means a legal instrument of financial assistance between a Federal agency and a non-Federal entity that, consistent with 31 U.S.C.
A grant that is ending triggers a close-out process following a set plan and budget. Following the last disbursement of funds, the grant is closed.
In order to complete a closeout, entities must submit the final financial, performance, and other reports required under the grant, and meet award conditions, within 120 days after the grant award expires or is terminated.
The award Close-Out phase is the final phase in the grant lifecycle. The Close-Out phase ensures that all administrative actions and required work have been completed by the recipient institution and by NIFA.
Grant Writing Steps Define a Project & Get Grant Ready. ... Research Funding. ... Prepare for the Grant to open. ... Application Period: Create, Review and Submit. ... Award and Turndown. ... Manage your Award. ... Closeout (and begin again?)