Budget Reallocations
The John Templeton Foundation understands that during the life-cycle of a grant adjustments may need to be made to the approved budget. These changes may be due to unforeseen costs, cost savings, or changes to the project itself.
Reallocation of grant funds within the approved budget categories must be approved in writing by the Foundation. A reallocation may be for personnel change, unanticipated consultants, purchase of capital equipment, or any budgetary reallocation that exceeds $1,000 or 20% of a budgeted line item.
It is important that you contact your Program Officer prior to making any changes to your budget. Your reallocation request should include a revised budget and the reason for the request. Please allow at least four weeks for review and decisioning of your request.