All grants are made at the sole discretion of the FINRA Foundation, based on its evaluation of individual proposals, its determination of relative priorities, and the availability of funds. The Foundation reserves the right not to award any specific grant for any reason, or for no apparent reason, no matter now clearly the proposed grant may seem to relate to Foundation grant criteria, and no matter how closely the requester has followed the guidelines and procedures. The Foundation does not critique unsuccessful proposals.
The entire decision-making process, from the submission of a Project Concept Form to a notification of funding, can take several months. In general, the decision-making process follows these steps: