Requesting a Budget Reallocation
The Spencer Foundation requires grantees to request approval for a budget reallocation if they will be shifting funds from one category to another within their approved budget. The exception to this rule is if the amount being shifted is less than 10% of the total amount awarded. If the amount being shifted is over 10%, the Foundation asks that you send a budget reallocation request via email to the attention of Maricelle Garcia at email@example.com. In your email request, please 1) specify the categories you will be shifting funds to and from, and the amounts, and 2) give a brief explanation as to why the budget reallocation is necessary. Your request will be reviewed and you will be notified within two to three weeks if it has been approved.