Multiyear grants are commitments foundations make to grantees for multiple years, and many Exponent Philanthropy members find these commitments to be powerful tools.
To be clear, multiyear grants involve up-front commitments for multiple years—for example, a $40,000 grant payable in two annual installments of $20,000. In contrast, although many foundations support the same grantees annually, annual grants do not involve up-front commitments of ongoing support and do not yield the same advantages.
Why not simply make repeated annual grants—asking grantees to reapply each year?
Full article includes sample documents.
Login to Read More