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 Skip Navigation LinksHome > Active Grants > Research Grants > Grant Administration > Payments  
Active Grants Payments
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Payments are dependent upon the approval of all science and fiscal reports.

Payment procedures for all  types of BSF research grants will be as follows:

For first year:
  • Upon signing of the Agreement, 75% of the approved budget for the first year.
For subsequent years:
  • Upon submission of the annual scientific report of the previous year, the FOUNDATION will notify the GRANTEE of the approved budget for the current year and will forward 25% of the said amount.
  • Upon submission of previous year’s annual fiscal report, 50% of the approved budget for the current year and the balance of the budget approved for the previous year, subject to fiscal reports showing justification for additional payments.
  • Each approved annual budget will be appended to the Agreement as Annex II-B and as an integral part thereof.
Final payment:
  • Upon submission of the final fiscal and scientific reports, the remaining 25% of the budget, subject to the expenditure of previous payments.
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