The shifting of responsibility for conducting grant activities from one organization to another. Justification is required for the transfer and both organizations involved must agree to the transfer.

On the RWJF financial reporting form, the dollar difference between the Approved Budget Amount column for a budget period and the expenditures reported for that period.

Grants awarded from a special fund for promising proposals and ideas that fall outside existing strategic objectives but have the capacity of making a difference in a particular program or initiative.

Assets or income that are restricted in use. Examples are government and private grants and contracts, pledges, gifts and endowments containing stipulations made by a donor as to allowable use.

The format and type of reports required by RWJF once an award is made.

Grants awarded and monitored by another organization on behalf of RWJF.

A loan or other investment made by a private foundation to another organization for a project related to the foundation's stated purpose and interests.

The ratio of expenditures reported against the Approved Budget Amount shown as a percentage. For example, expenses of $10,000 against a $40,000 line item would have a percentage spent of 25 percent.

The minimum amount that private foundations are required to expend for charitable purposes (including grants and, with certain limits, the administrative cost of making grants). In general, a private foundation must meet or exceed an annual payout requirement of 5 percent of the average market value of its total assets.

See Extension of Award.