Let’s look at the term “Award” for federal grant recipients. A federal “award” means grants, cooperative agreements, cost reimbursement contracts, and other agreements between the federal government and a non-federal entity such as a: State Government Local Government Indian Tribal Government Non-profit Organization Institution of Higher Education (IHE) Here is the definition from 2 CFR […]
uniform guidance definitions
What is an Advance?
An advance for a federal grant is a payment method where the funder pays the non-Federal entity in advance of spending the grant funds. (Doesn’t that sound better than waiting for a reimbursement?) ยง 200.3 Advance payment. Advance payment means a payment that a Federal awarding agency or pass-through entity makes by any appropriate payment […]
