Grant Award Distribution
If your proposal is approved for funding, a grant agreement outlining the terms of the grant will be sent to you. Generally, funds above $2,500 are distributed in two or more installments. The first payment (80% of the total grant) is distributed upon receipt of the signed agreement. The remainder is distributed at the end of the project and upon receipt and approval of an End-of-Project Report.
You may only spend the funds you receive from the New England Biolabs Foundation on the project for which they were allocated. We must receive an End-of-Project Report at the termination of the project or a progress report, if the project is not completed by the end of the grant period.
If your foreign bank needs to have the funds transferred by wire from the United States, you will need to provide the following information: the name and address of your bank, a bank contact person, the account number, the Swift code, the name of the corresponding U.S. bank,* the address of the U.S. bank, and its ABA (American Banking Association) number. Please do not send this information to us until you have received a grant agreement and wire information form.
*Please note that we will not be able to transfer money to an international bank, if your bank does not have a corresponding bank located in the United States.
An end-of-project report is due when your funding cycle ends and prior to final disbursement of grant funds. Please submit your report by logging in to your account on our online grants management system. A copy of the questions that you will be prompted to answer is available for download here.