What happens to your grant application ?
Between the moment you forward your application for a grant to the Foundation and the moment you receive the grant check, your application goes through three stages.
You meet with the sponsor, who verifies the technical and financial feasibility of your project.
After examining the dossier and on the recommendation of the sponsor, the Foundation's permanent team decides whether or not to pass your application on to the Selection Committee.
If your project is eligible for a grant, it is submitted for examination to the Selection Committee, which meets every two months to decide on the allocation of grants. Some 10 to 20 projects are examined at each session.
If you are requesting a grant of over €150,000, the decision will be made by the Board of Trustees, which meets twice a year.
If the Selection Committee decides to support your project, you undertake to sign a "Sponsorship convention" with the Foundation.
This partnership commits both parties to bringing the project to fruition by setting a deadline for payment of the funds and a payment schedule, where applicable. The person sponsoring your project will hand over the grant check.
You must provide the Foundation, through your sponsor, with regular updates about the progress of your project by sending photos, invoices, progress reports, etc.
Once the project has been completed, the Foundation, assisted by the sponsor, drafts an evaluation of the project.