Grant Duration. Grants will ordinarily be awarded for a one-year period, but may be for a shorter or longer period, at the discretion of the Board. The Foundation may consider renewing a grant on a case- by-case basis if the Foundation has no information indicating that the original grant is being used for any purpose other than that for which it was made, any reports due at the time of the renewal decision pursuant to the terms of the original grant have been furnished, and the criteria and procedures for renewal are objective and nondiscriminatory.
Appears in 3 contracts
Sources: Scholarship Fund Agreement, Scholarship Fund Agreement, Scholarship Fund Agreement