A foundation is a nonprofit organization created with the express purpose to give away money to individuals or charitable organizations.
Posts Tagged ‘grants’
A Foundation is…
Tuesday, August 2nd, 2011Stem Cell Research Hits A Wall In Court
Wednesday, August 25th, 2010U.S. District Court Judge Royce Lamberth pulls the plug, citing a ban on federal funds being used to destroy embryos.
- Lamberth’s ruling effectively ends Obama’s 2009 executive order to expand funding for embryonic stem cell research. The U.S. Justice Department plans to challenge the ruling.
- Currently funded research projects will be allowed to continue until their grant money runs out – usually in the space of about a year.
- Researchers are devastated. They fear the end of promising human developmental studies in the U.S., they fear a “brain drain” of scientists who relocate to other countries to continue their research, and they fear a new dependance on private funding.
Facts & Figures
165 research grants for stem cell research (worth about $149 million) will be frozen by the end of September.
Best Quote
“Stem cell research offers true potential for scientific discovery, and hope for families. This decision has just poured sand into that engine of discovery.” – Francis Collins, Director, National Institutes of Health
A Grant Evaluation is…
Tuesday, December 15th, 2009A grant evaluation is a critical examination of whether a grant was used to achieve its stated goal.
Discretionary Funds are…
Wednesday, September 23rd, 2009Discretionary funds are grants that are given by one or more members of a foundation’s board of trustees and don’t require full board approval.
A Demonstration Grant is…
Monday, August 10th, 2009A demonstration grant is a grant made to fund a new project, program, or approach to a problem. The demonstration grant serves as a test – if the funded approach is successful, it can be put into wider practice.
Restricted Funds are…
Monday, August 3rd, 2009Restricted funds are grants given to a recipient (usually a nonprofit organization) on the condition that the money be used in a specific way. For example, restricted funds could be given to a medical research organization only for use in finding a cure for a specific disease.