Education Award Programs are for fixed amounts and are not subject to the Federal Cost Principles. The fixed federal assistance amount of the grant is based on the approved and awarded number of full time equivalent members (MSYs) specified in the award.
The final award amount that the grantee may retain is dependent upon the grantee’s notifying the Corporation’s National Service Trust of the members that it has selected (subject to the number of members allotted to the grantee as specified in the award). All such members must carry out activities to achieve the specific project objectives as approved by the Corporation. At closeout, the Corporation will calculate the final amount of the grant based on Trust documentation. The Corporation will recover any amounts drawn down by the grantee in excess of the final grant amount allowed based on member selection documentation in the Trust.