Edyth Bush Charitable Foundation

General Terms and Conditions

The total amount of this grant, or of any payment thereof, may be discontinued, modified or withheld at any time when, in the judgment of the Edyth Bush Charitable Foundation, Inc. such action is necessary to comply with the requirements of law, or to comply with the requirements of Internal Revenue laws, regulations, or rulings.

This grant and notice of approval are also subject to your performance of the following terms and conditions:

  1. That a progress report be filed, at least annually, stating what is being accomplished by the grant funds.

  2. That at the request of the Foundation, but to be filed with the Foundation at least at the end of the grant, whether requested or not, complete financial details of your administration of the grant including a statement showing the actual disbursements made and the persons to whom such disbursements were paid, and that such payments were made for the purposes of the grant. Any portion of the grant which is not used for the designated program shall be repaid to the Edyth Bush Charitable Foundation, Inc. The Foundation may require the report be certified by a firm of Certified Public Accountants of your selection.

  3. Upon completion of the grant, to provide Edyth Bush Charitable Foundation, Inc. with a summary final accounting of the grant meeting the requirements of paragraph 2 above.

  4. That your organization consents that representatives of Edyth Bush Charitable Foundation, Inc. may have complete access to your files and records for the purpose of making such financial audits, verifications, and investigations as it deems necessary with reference to the grant.

  5. Upon completion of the grant, a report of the activities carried on under the grant, careful evaluation thereof, and a summary of results obtained.

The foregoing terms and conditions are intended to help us satisfy the requirements of the Tax Reform and Relief Act of 1969.

Revision of these terms may be necessitated from time to time to meet the requirements of the Internal Revenue Code, regulations or tax rulings, or other requirements of law.

Edyth Bush Charitable Foundation, Inc. will expect to receive from you an acknowledgment of your acceptance of this grant and of the foregoing conditions prior to disbursements of any funds.

Dated: November 2, 1979


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