Additional Documentation When applying for funding, grantmakers may require financial statements, in addition to the expense budget for your project's costs. There is a variety of financial information, which may be requested during the proposal process. In looking at the documentation foundations expect, it is important to read guidelines carefully. Some funders will ask for audited financial statements for the previous fiscal year, a list of supporters and other funding sources, an annual report, and a recent tax return (Form 990). To the right is an excerpt of the grant guidelines, posted on the Web site of The Kettering Family Foundation. Note: Unless approved by a Trustee, this foundation does not provide costs such as capital construction, multi-year grants, or travel expenses. Proposals submitted to this grantmaker are expected to include a project and/or organizational budget, one copy of the IRS 501(c)(3) tax determination letter, and two years of audited financial statements