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I noticed that The Rotary Foundation calls their funding “grants”, but CRCID calls their funding “contributions”. Whats the difference?

April 26, 2017contributions crcid difference foundation funding Grants noticed Rotary

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I noticed that The Rotary Foundation calls their funding “grants”, but CRCID calls their funding “contributions”. Whats the difference?

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Response: A “grant” implies a one-time award given to applicants meeting certain parameters outlined for that particular award, and comes with it specific fiscal responsibility and reporting to ensure that it has been disbursed and utilized under the circumstances originally outlined in the application and award. A “contribution” is similar to a grant in the above fiscal responsibility. Once CRCID agrees to fund your initiative, CRCID/CIDA considers itself to be one of the contributors to the project. As with all of your other partners/contributors to the project, CRCID expects to be kept up-to-date and informed of your progress, challenges and successes throughout the project.