SECTION 7.1 – PROJECT ADJUSTMENTS
Budget Reallocations:
For the purpose of the bylaws, budget reallocation refers to the process of increasing the total grant amount or changing what awarded funds can be used towards.
For small projects (those that receive grants less than or equal to $10,000), TGIF’s Manager may approve changes for:
- Budget reallocations that do not change the intent of the grant (i.e. allocating money from one stipend to another position) and compose less than 50% of the grant amount
For medium projects (those that receive grants between $10,000 and $50,000) TGIF’s Manager may approve changes for:
- Budget reallocations that do not change the intent of the grant and compose less than 25% of the grant amount
For large projects (those that receive grants greater than $50,000):
- Budget reallocations that do not change the intent of the grant and compose less than 15% of the grant amount
TGIF’s Manager must include any approved budget reallocations in project progress reports sent to TGIF’s Committee.
Timeline Adjustments:
For timeline adjustments, TGIF’s Manager may approve projects which:
- have delays or changes due to circumstances out of their control (i.e. projects waiting for approval)
- cumulative delays less than six months
TGIF’s Manager must include any approved adjustments in project progress reports sent to TGIF’s Committee.
SECTION 7.2 – CONSECUTIVE PROJECTS
Projects which seek funding for continuation or growth of existing projects may apply for a maximum of three TGIF grants for projects within the same project scope. The TGIF Manager is responsible for making project grantees aware of this regulation as they are applying and will bring any potential exceptions to the TGIF Committee for a vote.