Grants to For-Profits

Grants for-profit companies awarded by OSI or FPOS require the standard Expenditure Responsibility procedures and grant agreement. Legal should be consulted in these cases, as usually these grantees are asked to open up a new bank account for the grant funds to guarantee that no OSF funds are used for non-charitable purposes.

Grants from FOSI or OSI-AF to for-profit companies require no special procedures, although the purpose of the grant must be charitable.

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