A City Will Serve as a Conduit for Federal Grant

Multiple Choice

A city will serve as a conduit for federal grant money, which is sent to the city by the state government and must be remitted to various not-for-profit organizations that will use the money. The ultimate allocation of the money is decided by the state government. Which of the following terms describes the nature of this grant?

A) Agency grant.
B) Fiduciary grant.
C) Pass-through grant.
D) Partial grant.