If approved, all grantees must agree to the following conditions:
You agree that the grant shall be used exclusively for the purpose originally requested. Any modifications must be approved in writing by Lost Tree Foundation.
You agree to notify Lost Tree Foundation of any changes that may occur in the project for which the grant is awarded. This could include changes in vendors, costs, funding from other sources, timetable for project start and/or completion, etc. (If there is any doubt about the importance of any changes, please contact the Foundation office).
You are responsible for the expenditure of grant funds and for maintaining adequate accounting records.
You agree that Lost Tree Foundation reserves the right to terminate this grant if, in its discretion, it determines that you have made any misrepresentation, misappropriated grant funds or done anything inconsistent with the Grant Contract. The declaration of filing bankruptcy by your organization will automatically terminate the grant.
You agree to notify Lost Tree Foundation if there is a change in key personnel essential to the ongoing administration of your organization.
You agree not to solicit additional support for your organization from individual volunteers representing Lost Tree Foundation during or after on-site visits.
You agree to return any unexpended funds to the Foundation upon completion of the project.
You agree to return funds promptly to the Foundation if:
- The Foundation terminates the grant for reasons detailed above.
- You lose your exemption from federal income tax as provided in Section 501(c)(3) of the Internal Revenue Code.
- You are found to be in violation of any federal, state or local law, including, but not limited to, tax, licensing or zoning requirements.
You understand that while Lost Tree Foundation does not seek out publicity for grant awards, there may be occasions when publicly announcing a grant could be beneficial to you in your fund raising efforts. Under these circumstances, you agree to submit to the Foundation for its approval, any press releases or announcements prior to distribution.
You agree that no part of this grant award will be used to attempt to influence the outcome of any specific public election or to carry on, directly or indirectly, any voter registration drive.
Pursuant to the USA Patriot Act, you warrant and represent that as of the date of the application and through the term of the grant:
- Your organization, any person or entity controlling or controlled by your organization, any person having a beneficial interest in your organization or any person for whom your organization is acting as agent or nominee, is neither a country, territory, individual or entity named on the Office of Foreign Assets Control (“OFAC”) list, nor is a person or entity prohibited under the OFAC Programs.
You will be required to complete a Grant Accountability Report upon completion of the project.
You agree that unless otherwise provided in writing, this grant is made with the understanding that Lost Tree Foundation has no obligation to provide other or additional support to your organization.