The funds derived from the interest on the Endowment Fund will be used to support grants for teaching programs in the food and agricultural sciences. There are no matching requirements. OMB Circular No. Grantees are expected to maintain records three years beyond the life of the grant or longer if there are any pending litigation or unresolved audit findings. Separate records for each grant must be maintained.
Records are subject to inspection during the life of the grant and for three years thereafter.