The Gates Grant Addiction
While writing my post on the NEA-Teach Plus “partnership,” my attention was drawn to more of the information available regarding grant payment on the Gates grants search engine.
My curiosity concerned the simple word, “term.”
Gradual Grant Disbursement (?)
On the Gates grants site, “term” definitely means the number of months expected to fulfill the grant agreement. The “term” may also be connected to monthly payment.
The Gates site does not clearly state that “term” means monthly disbursements; I inferred as much from reading this gates grant recipient progress report form‘s required reporting of “project duration” in months coupled with project “sustainability” “after the grant period has ended” (emphasis mine).
A comparison of Gates’ 2011 and 2012 990s to the information available on the Gates grants site is inconclusive regarding a definite monthly disbursement of grant monies. Based upon the 990-to-grant-search-engine comparison, it seems that some grant monies might be disbursed in one installment and others, definitely not.
In this post, I would like to examine the possibility that Gates pays his grant money in monthly installments. This makes sense for larger sums: It allows his foundation to continue earning interest on the bulk of the money while preventing “take the money
