Our standard grant letter and grant agreement outlines our expectations for Borrin Foundation grants. We don’t require receipts. We agree on milestones and ask for brief reports so that you can share your progress and let us know if you need further support along the way.
Make sure you understand the grant agreement before submitting a proposal.
GST treatment in grants
A Borrin Foundation grant is an unconditional gift. There is no contract between the Borrin Foundation and the grantee for any exchange of goods or services. The grant payments are not payments in return for services.
The grants may be considered taxable and also may be subject to GST depending on your particular circumstances. Because individual situations are unique to each person/organisation, grantees are responsible for determining their own tax obligations. You may wish to seek tax advice in preparing a budget as part of a grant proposal.
Please state in your grant proposal whether your budget is GST inclusive or exclusive.
The Borrin Foundation does not become the owner of any intellectual property created through grant projects. However, we do ask grantees to make some form of the work freely and publicly available for the public good if appropriate. We encourage the use, where practicable, of Creative Commons Licenses.
We acknowledge and accept that many grantees, in particular academics, will also wish to publish a different form of the funded work in peer-reviewed journals or other copyright-restricted forms.
Our grants do not cover university overheads. This applies consistently across all universities. However, our grants can cover university staff salaries and teaching buy-outs.
As they say, ‘knowledge is the only resource that increases with use’. We want to see the work we fund used by as many people as possible.