The use of funds to pay the salaries of the applicant, for overhead, or for travel is not permitted. Grants will be paid quarterly to the comptroller of the sponsoring institution. The grantee may then draw upon this account as needed, in accordance with standard institutional practice. Within two months after the termination of the grant, an accounting statement shall be submitted to the Foundation. All unexpended and uncommitted funds at the end of the award period shall be returned to the Foundation.
Equipment purchased with grant funds belongs to the institution at which the grant was held.
Within two months after the termination of each grant, the grantee shall submit to the Foundation a brief report of the work performed. Three copies of any publication or abstract acknowledging support of the Foundation should be submitted to the Executive Director of the Foundation.