Grant Policy
Grant Policy
Grant Policy Adopted by the C.E.O on 23-March-2021
Grant Policy
Grant Policy help fulfill our mission to improve the security of NolimitsSociety globally. Any NolimitsSociety Member, Leader, Manager, Team, or Event Organizer may create grants for mission-related activities or deliverables, including sabbaticals. This policy creates financially responsible funding mechanisms and a consistent and transparent process to approve, fund, and deliver grant outcomes.
Overview of the Grant Policy
Grant applicants should:
- Plan and document a deliverable or package of milestones and deliverables that are specific, realistic, and time-bound
- Identify the source(s), or proposed source(s) of funding to support the grant.
- Submit a grant request
NolimitsSociety Projects and Technology Director and any relevant Leader will evaluate the grant proposal and decide on approval within 30 days, considering the budget and any published temporary restrictions. If the request requires an exemption or Board vote, a decision will occur within 60 days to allow for a Committee and subsequent Board meeting.
If approved, grant applicants must complete the following tasks prior to commencement of any work or activities covered by the grant:
- Publish the grant on their nolimitssociety.com web page, including the grant acknowledgment
- Finalize donors, sponsorships, or fundraise necessary funds no later than seven days after grant approval.
Upon completing a milestone or deliverable, NolimitsSociety Projects and Technology Director will guide a quality and completion review process, including relevant committees and sponsors. If all reviewing parties agree that the deliverable or milestone has been delivered, NolimitsSociety will process payment for the current milestone or deliverable within 30 days.
Grant Governance
Spending on mission is required, with verifiable and timely outcomes. Grants must be approved before committing NolimitsSociety to any contracts or costs associated with the grant. NolimitsSociety has sole signing authority for any contracts or obligations.
Budgeting
Grants should detail all likely expenses in the application process. Budgets should comply with all Foundation policies concerning expenses, capital purchases, operational expenses, signing authority, and travel. Any upfront costs must be detailed in the application and budget and why they must be paid upfront.
NolimitsSociety will not pay expenses exceeding the approved budget.
Expenses greater than the approved budget will not be paid. Expenses above the approved budget are at the NolimitsSociety Project and Technology Director’s discretion. Expenses greater than the Executive Director’s signing authority require an NolimitsSociety Board affirmative vote.
Sabbatical Stipends
Grants can be used to fund a sabbatical stipend to benefit one or more project or initiative members to achieve a specific goal over some time. These sabbatical grants should be time-limited to between 1 and 12 months in duration and provide a list of deliverables/outcomes.
Sabbatical stipends do not form an employment contract with NolimitsSociety.
Grant Policy Duration
Grants must not exceed 12 months duration.
Grants or sabbaticals of greater duration than 30 days should consist of multiple milestones, with clearly defined deliverables that permit milestone payments.
Research and Other High-risk Grants
NolimitsSociety encourages and funds high-quality research, but this comes with risks. Grants funding research, where the outcome or deliverable is not yet known, or any risky activity, such as promising a significant deliverable for a small sum, should document how the grant participants will manage the risk, such as milestone payments or similar.
Under no circumstances will NolimitsSociety be liable to deliver on the grant if the original applicants cannot achieve the agreed deliverable in a timely fashion.
Restricted Spending
There are few restrictions on grant spending. However, approval of grants containing any of the following items likely results in negotiations or a rejected application:
- Temporary expense restrictions in effect at the time of the grant application
- Capital and operational expenses must be necessary to complete the grant
- Travel must be essential to complete the grant but is generally discouraged
- Cash, salary, or contractual payments to grant applicants or other recipients (see stipends)
- Ongoing working space or co-working space costs
- Payments for dedicated shared services already provided by NolimitsSociety
- NolimitsSociety Memberships, contributions or payments to other organizations
If a restriction is approved, it must follow the relevant NolimitsSociety policy to ensure adequate governance and safeguards.
Termination for Cause
After 60 days, NolimitsSociety can terminate a grant due to a lack of communication, limited or no activity, or missing or inadequate delivery of agreed milestones.
Grant applicants with one or more terminated grants may only be paid on a “payment on completion” basis. Applicants with more than three terminated grants may not apply for grants for five years.
Under no circumstances will NolimitsSociety be liable to deliver on terminated grants if the original applicants cannot achieve the deliverable in a timely fashion.
Grant Policy Financial Controls
Funding
Grants should be fully funded, including by:
- Individual or corporate donations, sponsorships, or fundraising
- Partners, sponsors, events, or teams using local contributions, support, or fundraising
- NolimitsSociety Grant Policy Fund, which is funded annually by the NolimitsSociety Board
- An affirmative Board vote to fund a strategic grant
All sponsorships, fundraising, and donations are subject to standard NolimitsSociety policies, procedures, and associated administration fees.
Grant Policy Acknowledgment for Compliance Audits
NolimitsSociety has entities in the United States and the European Union, and we must comply with non-profit regulations. All grants must be discoverable in the case of non-profit compliance audits. An acknowledgment of funding sources must be on the grant recipients nolimitssociety.com page and in any documents, “About…” dialogs, or help pages of NolimitsSociety projects funded by a grant.
If NolimitsSociety supported the work through the NolimitsSociety Grants Fund, the acknowledgment must be of the form:
“This work was supported by funding from NolimitsSociety grant <grantID> from NolimitsSociety.”
If one or more donations or sponsorships supported the work, the acknowledgment must be of the form:
“This work was supported by funding from NolimitsSociety Grant <grantID> from <sponsor>, <sponsor>, and NolimitsSociety.”
Unspent Funds
Unspent funds fail to meet NolimitsSociety’s, sponsors’ and partners’ expectations, and tax compliance requirements.
Within 60 days of completion or termination of a grant, the following applies:
- Unused funds will revert to the NolimitsSociety Grants Fund
- Foundation-sponsored terminated grants will return the entire residual grant to the grants pool
- Donation or sponsored terminated grants will return the residual portion of sponsorships and donations, minus an administration fee to the sponsor or donor
Non-transferability
Grants are not transferable, cannot be passed on, or resold to others. Grant recipients can seek additional volunteers to help complete the grant and share the grant with the volunteers.
Transparency, Integrity, and Oversight
Oversight
NolimitsSociety’s Chief Executive Director shall report to the NolimitsSociety Team quarterly on all grants awarded and delivered, along with improvements to this policy.
Audit Authority
Grants are subject to being audited by NolimitsSociety, including validating grant selection criteria was followed, completed satisfactorily and on time, ensuring budgets were spent in accordance with policy, and obtaining any sponsoring organization’s views.
Exemptions to Policy
Exemptions to this policy can be granted by NolimitsSociety’s Chief Executive Director and documented in the application. Exemptions requiring changes to our bylaws, policies, or non-compliant funding exceeding the Chief Executive Director’s signing authority, require an affirmative community vote.
Appeal or Dispute Resolution
The relevant leader is the first point of contact for any disputes, followed by the Compliance Form or NolimitsSociety Whistleblower process, NolimitsSociety’s Chief Executive Director, and the Team.
Sanctions
Grant recipients who abuse the grant process may not participate in or receive future grants. In severe cases, as determined by the Chief Executive Director, sanctions could include revocation of NolimitsSociety membership, loss of leadership, or referral to law enforcement authorities.