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International Funds to Support Cultural Diversity - Coalition pour la ...

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A minimum of 10% of the project budget should be a contribution of time, money or other resources<br />

from the applicant group.<br />

The second installment, 40% of the <strong>to</strong>tal grant, will be paid after we approve the mid-term report.<br />

When the project is over, the applicant organisation drafts a final report which consists of a narrative<br />

report and a financial report just like the mid-term report.<br />

The final installment, which is 10% of the grant, is transferred only once the ABILIS Foundation has<br />

approved the project’s final report.<br />

It is important <strong>to</strong> note that Abilis requires that an external and impartial audi<strong>to</strong>r audit all the accounts<br />

of the organisation. The costs of the audit can be included in the project budget.<br />

45

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