Recoverable grant agreement 2025

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The document is a Recoverable Grant Agreement between PRIME Coalition, Inc. and a company aimed at supporting the development of innovative technology to address climate change. The agreement outlines the purpose of the grant, its use for charitable purposes, repayment obligations upon certain liquidity events, reporting requirements, and confidentiality terms. It emphasizes the importance of the company's technology in mitigating environmental impacts and specifies conditions under which funds must be utilized.

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Versions	Form popularity	Fillable & printable
2017	4.9 Satisfied (43 Votes)

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Are grant agreements legally binding?

While grant agreements are legally binding documents, that doesnt mean you have to use clunky legal jargon and not provide explanations.

What is the purpose of a grant agreement?

Grant agreements typically specify what the funds are intended to be used for, any conditions of funding (such as acquiring matching funds or executing a deed restriction), reporting and monitoring requirements, and what remedies would be required should the funds be used improperly or not entirely used.

Are grants considered federal contracts?

Grants are much more flexible than contracts. Typically in Federal Contracts, changes cannot be made to the scope of work or budget, whereas in grants these changes can usually be made with the Universitys approval.

What are three cons about grants?

CONS You need to do time-consuming research on the granting agency before writing the grant. You need a person talented and experienced in writing grants who is also very familiar with your organization. Competition is fierce, and the success rate is low. There are strings attached to the money you receive.

Is a grant a legal contract?

Thus a grant can be a contract, if the government so chooses.

What is the difference between a loan and a recoverable grant?

Unlike lending, in which an investor has legal recourse if a borrower defaults on a loan, a recoverable grant is a philanthropic tool. Donors are recommending a charitable gift with the option for the capital to be repaid to their donor advised fund account if the stated impact goals and financial objectives are met.

What is a recoverable grant?

Recoverable Grants are a philanthropic tool that offer donors the potential to recover granted capital if the recipient charity meets a predetermined success scenario. Any funds recovered to your donor advised fund can then be used for future grant-making.

Recoverable grant agreement 2025

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