M&M Area Community Foundation

Grant Agreement

Recipient:

Grant #:

Amount:

Grant Period:

Program/Project:

M&M Area Community Foundation (“Foundation”) is pleased to inform Recipient that it has approved a grant to Recipient (“Recipient”) for the purposes described in section (b) below.

I. TERMS OF GRANT

In order for us to make payment of these funds, we require formal acceptance of the terms that follow, as well as completion of the attached documents, if any:

[ ] No Documents Attached

[ ] Documents Attached _________________________

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(a) An authorized representative of Recipient must sign this contract letter and fill out the attached documents, if any, as instructed.

(b) [FUNDING PARAMETERS**]

(c) Recipient shall expend grant funds exclusively for the stated purpose described in the grant proposal. Recipient shall notify Foundation of any changes in the scope or scale of the overall project, including changes that are unrelated to the Foundation’s gift. None of these funds will be used to carry on propaganda, influence legislation of any government body, influence the outcome of any specific public election, or carry on, directly or indirectly, any voter registration drive. Funds not used for the purposes must be returned to Foundation, unless a written request to use such funds for a different purpose is submitted and approved in writing by Foundation in advance.

(d) By signing this contract Recipient acknowledge that Recipient has not received funding for the proposed activities from another source. If Recipient has received such funding, Recipient will notify Foundation.

(e) Expenses charged against this grant may not be incurred prior to the effective date of the grant or subsequent to the termination date, and may be incurred only as necessary to carry out the approved purpose(s).

(f) Recipient agrees to maintain an accurate record of all expenditures made under this grant, including copies of purchase receipts. Recipient also agrees to retain such records for a period of four (4) years following closure of the grant. Access to these records will be provided to Foundation or its designated representative upon request.

(g) All funds shall be used within the time period specified in the grant. Any excess funds not used shall be returned to Foundation unless an extension is requested and approved.

(h) Recipient must provide Foundation with all information requested in the Grant Project/Program Overview, including but not limited to interim and annual reports prepared according to generally accepted accounting principles; a financial summary indicating how all grant funds have been expended; and a final report, including results of the project funded by the grant and a full financial account of the expenditure of these grant funds. The final report is due within sixty (60) days after the completion of the project. Reports may be submitted electronically. Photographs and other supporting data are requested where possible. Recipient will maintain and make available to Foundation during normal business hours all records of project expenditures adequate to check the use of the grant. The organization understands that failure to timely complete reports may affect future funding requests. During the grant period, Foundation may conduct evaluations of Recipient and its programs, including but not limited to periodic on site evaluation(s) to track the progress of the program and make sure that both the Foundation and the grantee are in agreement on the purpose and scope of the program. Recipient agrees to cooperate and participate in any such evaluations. The fees and expenses associated with such evaluations will be paid by Foundation.

(i) Recipient may be required from time to time to verify Recipient tax-exempt status. Recipient agrees to report any changes in that status or changes in the organization that could lead to a change in that status immediately. In the event that Recipient loses Recipient’s tax-exempt status before all funds under this grant are disposed, Recipient agree to return any unexpended funds to the Foundation. During the course of the funding period, Recipient should notify Foundation of any significant developments, which affect Recipient or the purposes for which this grant is given, including leadership, governing structure, staffing, mission, and objectives.

(j) Recipient agree to allow Foundation to use Recipient name and likeness in its brochures, advertising materials and other publications without additional request or consent of Recipient. In addition, Recipient agrees to recognize Foundation’s funding of Recipient’s program at every opportunity. The funding to Recipient shall be recognized and acknowledged in all publications and materials dealing with the program supported by this grant.

II. TERMINATION

Foundation may terminate this Agreement immediately and cancel any unpaid disbursements if Foundation determines, in its sole discretion, that:

(a) Recipient’s programs and objectives and/or program approach are not aligned to Foundation's programmatic objectives;

(b) Recipient is not making satisfactory progress toward the goals of the program or has violated the terms of this Agreement; or

Within thirty (30) days after receiving notice from Foundation of such termination, Recipient shall return any funds not used for the purposes described in this Agreement to Foundation or, at Foundation's election, transfer the funds over to a charitable organization designated by Foundation.

III. AGREEMENT & SIGNATURE

Through this grant, we are supporting Recipient’s efforts in the community. We look forward to learning more about Recipient’s charitable endeavors and sharing that knowledge with the public. Please be reminded that Foundation will include information on this grant in its publications. We value and honor Recipient work. On behalf of the Foundation, I extend our best wishes for the success of this endeavor.

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M&M AREA COMMUNITY FOUNDATION

1110 10^th Avenue, Suite L-1, Menominee, MI 49858

Paula Gruszynski, Executive Director

ACKNOWLEDGEMENT AND ACCEPTANCE

I have read and understand the terms of the grant contract as stated in the foregoing letter, verify all the information to be true and accurate and agree to the terms as stated.

Dated this _____ day of ________, 2015 __________________________________________

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