Standard Grant Format: Can be used for any grantee provided that the grantee has the financial and management capability to appropriately manage the grant funds. The primary advantage of the Standard Grant is that the method of cash disbursement is more flexible. The disadvantage is that a Standard Grant can only be issued for more developed organizations that possess documented management capability.
In-Kind Grant: An example of an in-kind grant is the purchase of material for renovation and supplies, where Creative purchases the items on behalf of grantees. All items purchased will be delivered to site(s) by Creative or delivered directly by the vendor.
Fixed Obligation Grant: Used when the potential grant activities have very well-defined program elements and milestones. Due diligence in the planning and pre-award stages of such awards is essential to a successful activity under a FOG / FAA. Subsequently, actual costs incurred do not need to be monitored as all costs are covered by agreed-upon payments of milestones.
Simplified Grant: Offers a streamlined approach to the issuance of small grants. The Simplified Grant is used for both US and non-US organizations and must meet all the conditions established in ADS 303.3.24 and any restriction in the award document. Under a Simplified Grant, disbursements are made on a reimbursement basis, so grantees must possess adequate funds up front to begin incurring expenses and the recipient must have an accounting system that can manage a cost-reimbursable type of agreement and billing. Therefore, the Simplified Grant is used when an organization has sufficient cash flow.