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Memorandums of Understanding (MOU) with Partners

Keep it simple. It doesn’t need to involve a team of attorneys. If you partner on a grant, develop a MOU to spell out who is responsible for what and how much funding partners will receive (a percentage is best) once the fiscal agent receives the money. Percentages are preferred because you may apply for $50,000 but the foundation only allocates $35,000 in grant funds.

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