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Post Grant Requirements
The making of this grant is expressly conditioned on the following requirements:
- The grant shall be used exclusively for the religious, charitable, scientific, literary or educational purposes set forth in your Articles of Incorporation and for the project(s) described in your approved grant application.
- Within six (6) months after the date of the grant letter, you shall provide a written statement explaining the use your organization has made of the grant funds.
- If the grant funds are insufficient to complete the particular project in its entirety and you have utilized all such funds, The Albert G. & Olive H. Schlink Foundation (the “Foundation”) is under no obligation to provide additional grants to complete such project.
- In the event you are investigated or audited by a state or local government, in any matter relating to your status as a religious, charitable, scientific, literary or educational organization or by the Internal Revenue Service in connection with your status under section 501(c)(3) of the Internal Revenue Code or your classification under section 509 of the Internal Revenue Code, you are to notify the Foundation immediately and, thereafter, keep it informed of the progress and outcome of such investigation or audit.
- A copy of your IRS Form 990 shall be furnished to The Foundation, at its request, together with other financial statements respecting the years in which funds are being expended out of this grant.
- Access shall be provided to individuals designated by the Foundation, upon its request, to review your books of account, related documents or records concerning the administration of this grant should The Foundation conclude that an audit of the expenditure of the grant funds, in connection with a grant project, is warranted. the Foundation agrees that no unreasonable demands will be made as to either documents or the timing of the receipt of documents, in connection with our audit.
