Definitions for "Funding Cycle"
Range of time during which proposals are accepted, reviewed, and funds are awarded. If a sponsor has standing proposal review committees (or boards) that meet at specified times during the year, application deadlines are set to correspond with those meetings. For some sponsors, if proposals are received too late to be considered in the current funding cycle, they may be held over for the next review meeting or they may be returned and have to be resubmitted by the next deadline.
A foundation's schedule for acceptance of proposals, review, and board decisions.
A chronological pattern of proposal review, decision-making and applicant notification. The Dayton Foundation awards grants four times per year. (see How to Apply for a Grant, Deadlines)