Expenditure Responsibility Reports
There are times when the John Templeton Foundation requires a grant to operate under Expenditure Responsibility. This occurs when the rules governing the Foundation's tax-exempt status under the United States Internal Revenue Code require the Foundation to ensure that the grant is expended solely for the purpose for which it was made, to prohibit the use of the grant for certain purposes, and to obtain complete reports on how the grant is expended. Generally these grants are those to non-U.S and for-profit entities.
The Grant Agreement for Expenditure Responsibility requires that for each calendar year during which it expends any grant funds, the grantee shall submit to the Foundation within a reasonable period after the end of that year a report containing narrative and financial information on the use of the grant, including the nature and amount of each expenditure made with the grant funds, who received the expenditure, what was accomplished by the expenditure. The Foundation requires these reports to be submitted by March 31st for the previous year's expenditures. These reports are in addition to any cumulative financial reports we may require throughout the life-cycle of the grant.
Please use the Expenditure Responsibility Report form to submit your reports.