IHUM funding provides opportunities to invite guests that might arise out of your work together; purchase texts and books for the group discussion. (You do not need to spend it.) This money is not to be used for incidental expenses such as meeting snacks but rather for support of the scholarly and intellectual elements of the group.
Organizers have two further responsibilities: 1) to keep the webpage current, with an announcement of all meeting times; and 2) to keep a record of meetings attendance (with names). IHUM sponsorship is renewable each fall, so long as the group can show that it has kept a loyal membership and a regular meeting schedule.