Documents
Resources
Learning Center
Upload
Plans & pricing Sign in
Sign Out

Grant_Agreement

VIEWS: 6 PAGES: 4

									                               GRANT AGREEMENT


                           PLEASE READ CAREFULLY



Upon application of ________________(“Grantee”) to the Phoenixville Community
Health Foundation (hereinafter “Grantor”), Grantor agrees to make the following Grant
Award and Grantee agrees to accept such Grant, in accordance with the terms below and
subject to the additional conditions set forth in the Special Conditions section of this
agreement.


                            DESCRIPTION OF GRANT



GRANTEE:

AMOUNT OF GRANT:

REPORTING SCHEDULE:                 Interim Report Due:
                                    Final Report Due:

DATE AUTHORIZED:

DURATION OF GRANT:                  One year

PAYMENTS SCHEDULE:                  One outright payment.

SPECIFIC PURPOSES OF THE GRANT: Support for the
Use of Granted Funds. Grant funds and the income therefrom will be used exclusively
for charitable, scientific, literary or educational purposes and specifically for the
exclusive benefits of clients, members, patients and families who reside within the
Phoenixville Community Health Foundation’s service area as defined on the Grantor’s
website located at www.pchf1.org. Grantee will not use the funds:
     to carry on propaganda, or otherwise to attempt, to influence legislation;
     to influence the outcome of any specific public election, or to carry on, directly or
       indirectly, any voter registration drive;
     to make any grant to an individual for travel, study or other similar purposes by
       such individual, unless specific requirements are satisfied;
     to make any grant to an organization unless: (1) such organization (a) is a public
       charity under Sections 509(a)(1) or (2); (b) is a Type I, Type II or a functionally
       integrated Type III supporting organization under Section 509(a)(3) (unless a
       disqualified person of the Grantee directly or indirectly controls such Type I,
       Type II or functionally integrated Type III supporting organization or a supported
       organization of the supporting organization); or (c) is an exempt operating
       foundation; or (2) the Grantee exercises expenditure responsibility with respect to
       such grant; or
     to undertake any activity for any purpose that is not a charitable purpose as
       defined in Section 170(c)(2)(B).

Program Monitoring and Evaluation. The Grantor may, at its expense, monitor and
conduct an evaluation of operations under this grant, which may include visits by
representatives of the Grantor to observe the Grantee’s program procedures and
operations and to discuss the program with the Grantee’s personnel.

Accounting and Financial Review. A complete and accurate record of the funds
received and expenses incurred under this grant must be maintained by the Grantee. The
Grantor may, at its own expense and on reasonable notice to the Grantee, audit or have
audited the records of the grantee insofar as they relate to the activities funded by this
grant.

Budget. No changes may be made in the funded project’s budgetary allocations without
the Grantor’s prior written approval.

Continuing Support. By making this grant, the Grantor assumes no obligation to
provide future or continuing support for the Grantee. Additionally, during the period in
which the Grantee may be receiving multi-year payments on a previously awarded grant,
the Grantee agrees not to submit a new grant request until the multi-year payment is
completed. Furthermore, if the Grantor’s financial status changes negatively, the Grantor
reserves the right to cancel future grant payouts on any multi-year commitments it has
made.



                                            2
Reporting. In accordance with the schedule above, the Grantee shall furnish to the
Grantor a detailed six-month interim progress report and a written twelve-month final
report on: (a) the use of the grant funds as well as an accounting of all expenditures made
(including, without limitation, salaries, travel and supplies); (b) compliance with the
terms of the grant; and (c) the progress made by the Grantee toward achieving the
purposes for which the grant was made. The content for these reports should be
according to the format contained in the “Guidelines For Preparing Progress Reports”
provided by the Grantor. Additionally, the Grantor reserves the right not to award any
further grants to the Grantee until all reporting requirements for all previous grant awards
have been satisfied.

Change in Tax-Exemption Status. Should the Grantee receive notice of a change in its
tax-exempt or public charity status from the Internal Revenue Service (e.g., loss of
Section 501(c)(3) exemption, becoming a private foundation under Section 509(a), etc.),
or if the purpose and mission of the Grantee organization substantially changes, the
Grantee must notify the Grantor within ten (10) calendar days of its change in status
and/or classification. In the event the grantee’s tax-exempt status is revoked, expenditures
of grant funds must cease immediately and all unspent funds must be returned to the
Grantor.

Publicity. In the event that the grantee wishes to issue a news release concerning the
grant, a copy of the proposed release should be submitted to the Grantor for review and
approval.

Unused Funds. In the event that any or all of the grant is not expended within the
duration of the grant period, any funds remaining at the end of the grant period may be
applied to the Grantee’s general operation. As a matter of good stewardship, the Grantee
shall inform the Grantor in writing of the intention to do this. If approved, Grantor shall
inform the Grantee in writing.

Reversion of Grant. All or any portion of the amount granted shall be returned to the
Grantor under the following circumstances:

       a. in the event that the Grantee loses tax-exempt status under Federal tax laws or
          substantially changes its purpose and mission.
       b. if the Grantee organization ceases to exist or if the Grantee discontinues the
          project for which the grant is designed before any or all of the grant is
          expended.
       c. if the Grantee fails to comply with any portion of the conditions herewithin
          agreed upon, any portion of the grant remaining shall be returned to the
          Grantor.
       d. if the Grantee uses any portion of the amount granted for purposes other than
          the specific purposes outlined on the first page of this Grant Agreement.




                                             3
Record Keeping. Grantee agrees that financial and program records and supporting
documentation, including records of receipts and expenditures as well as copies of the
reports submitted to the Grantor, will be made available to the Grantor at the conclusion
of this grant and, for audit purposes, at the request and expense of the Grantor, for a
period of five (5) years from the close of the grant period.

Earnings From Invested Grant Funds. Any earnings, which accrue to the Grantee as a
result of investing funds awarded under this grant, shall be used for the specific purposes
of the grant and shall be reported in the financial section of the progress reports submitted
to the Grantor.

No Other Conditions. The grant shall not be earmarked for any purpose that would
cause the grant to be deemed a “taxable expenditure” within the meaning of Section
4945(d) of the Internal Revenue Code and the Treasury regulations thereunder. As of the
date of this Agreement, there does not exist any agreement between the Grantor and the
Grantee, oral or written, that the grant shall be earmarked for the use of any secondary
grantee, or that that Grantor may cause the selection of a secondary grantee to whom the
Grantee may devote all or part of the income from the grant.

Special Conditions. The Grantee accepts and agrees to comply with the following
Special Conditions specified by the Grantor:

                                                   NONE

Intended to be legally bound the Grantor and Grantee have hereafter on this date set forth
their hand and seal as follows:


GRANTOR:                                                  GRANTEE:
Phoenixville Community Health
Foundation

NAME: Louis J. Beccaria, Ph.D.                            NAME:
TITLE: President and CEO                                  TITLE:
DATE: ___________________                                 DATE: ____________________

ADDRESS:                                                  ADDRESS:
821 Gay Street                                            ____________________________
Phoenixville, PA 19460                                    ____________________________

SIGNED:                                                   SIGNED:


------------------------------------------(Seal)          -------------------------------------(Seal)
FdnGrantmakingDocuments…Grant Agreement Rev. 12 2009




                                                    4

								
To top