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SayPro Beneficiary Agreement Template
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SayPro Beneficiary Agreement
SayPro Monthly Economic Grants โ March SCDR-2 Edition
Managed by: SayPro Development Strategic Partnerships Office
Under: SayPro Development Royalty
This Beneficiary Agreement (“Agreement”) is entered into on
[Date]
Between:
SayPro Development Strategic Partnerships Office
(Hereinafter referred to as “SayPro” or the “Grantor”)
AND
Beneficiary Name: ___________________________
(Individual / Group / Organization)
(Hereinafter referred to as the “Beneficiary”)
1. Purpose of the Agreement
SayPro agrees to provide a grant to the Beneficiary under the SayPro Monthly March SCDR-2 Economic Grants program to support local economic development projects, as detailed in the approved grant application.
2. Grant Details
Grant Reference Number | [Insert Grant ID] |
---|---|
Grant Amount | [Insert Approved Amount in USD] |
Project Title | [Insert Project Title] |
Project Duration | From [Start Date] to [End Date] |
3. Terms and Conditions
3.1 Use of Funds
- The Beneficiary agrees to use the grant funds solely for the approved project activities as described in the submitted proposal.
- Any deviation from the approved use must be approved in writing by SayPro prior to implementation.
3.2 Disbursement
- Funds will be disbursed according to the agreed schedule and upon receipt of any necessary documentation (e.g., invoices, receipts).
- The Beneficiary must provide proof of expenditure and report progress as per SayProโs monitoring requirements.
3.3 Reporting and Monitoring
- The Beneficiary shall submit periodic progress reports, including financial and narrative updates, as outlined in the grant guidelines.
- SayPro reserves the right to conduct site visits or virtual assessments to verify project implementation and impact.
3.4 Accountability and Records
- The Beneficiary must maintain accurate financial records and receipts related to the grant.
- Records must be available for review by SayPro upon request.
3.5 Intellectual Property
- Any materials, products, or intellectual property developed with the grant must acknowledge SayProโs support.
- Ownership of project outcomes will be as agreed in the grant application or subsequent written agreement.
3.6 Compliance
- The Beneficiary agrees to comply with all relevant laws, regulations, and SayPro policies.
- Any misuse of funds or non-compliance may result in suspension or recovery of funds.
4. Rights and Responsibilities
SayPro (Grantor) | Beneficiary |
---|---|
Provide grant funds as agreed | Use funds responsibly and for approved purposes |
Monitor and evaluate project progress | Submit timely and accurate reports |
Provide support and guidance as needed | Allow access for monitoring and audits |
Communicate decisions regarding the grant | Communicate any challenges or changes promptly |
5. Termination
- This Agreement may be terminated by SayPro if the Beneficiary breaches any terms or fails to comply with reporting and monitoring requirements.
- Upon termination, any unspent funds must be returned to SayPro within 30 days.
6. Signatures
By signing below, both parties agree to the terms and conditions outlined in this Agreement.
For SayPro Development Strategic Partnerships Office | For Beneficiary |
---|---|
Name: ____________________________ | Name: _________________________ |
Title: ____________________________ | Title/Role: ___________________ |
Signature: ________________________ | Signature: ____________________ |
Date: _____________________________ | Date: _________________________ |
7. Contact Information
SayPro Development Strategic Partnerships Office
[Office Address]
[Phone Number]
[Email Address]
Beneficiary Contact
[Name]
[Phone Number]
[Email Address]
8. Additional Notes
[Space for any specific terms, conditions, or notes relevant to the individual grant or beneficiary.]
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