Glossary of Commonly Used Grant Terms
There are currently 7 Terms in this directory beginning with the letter F.
An independent private foundation whose funds are derived from members of a single family. Family members often serve as officers or board members of family foundations and have a significant role in their grantmaking decisions.
Federated giving program
A joint fundraising effort usually administered by a nonprofit "umbrella" organization that in turn distributes the contributed funds to several nonprofit agencies. United Way and community chests or funds, the United Jewish Appeal and other religious appeals, the United Negro College Fund, and joint arts councils are examples of federated giving programs. See also community fund.
An award made directly to an individual in support of specific educational pursuits; recipients may be subject to service and/or payback requirements after the fellowship terminates.
An organization, acting on behalf of an individual artist or organization lacking legal status to be an applicant. The Fiscal Agent acts as its legal applicant and agrees to submit and sign a grant application on the applicant's behalf and to pass on such grant. Please note that in such cases the Fiscal Agent remains legally responsible for the use of grant funds. Auditors generally will not provide an "unqualified" financial audit statement for a fiscal agent for an applicant unless the applicant's financial records and related activities are also audited.
Fiscal agent fee
A charge for administrative services by the organization acting as the fiscal agent. Fiscal agent fees are intended to offset the cost of personnel, time, and supplies used in the administration of the applicant's grant only.
Grants awarded to eligible entities through allocation based on the program's authorizing legislation; block grants or categorical.