The Albert G. & Olive H. Schlink Foundation Post Grant Requirements

Post Grant Requirements

The making of this grant is expressly conditioned on the following requirements:

  1. The grant shall be used exclusively for the religious, charitable, scientific, literary or educational purposes set forth in your Articles of Incorporation.
  2. No part of the grant funds shall be used to influence legislation or to participate in or intervene in any campaign on behalf of any candidate for public office.
  3. 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.
  4. 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.
  5. 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 Sec. 501(c)(3) or your classification under Sec. 509, you are to notify The Foundation immediately and, thereafter, keep it informed of the progress and outcome of such investigation or audit.
  6. Send to The Foundation (in the event you have not already done so) a copy of your most recent determination letter or ruling letter issued by the Internal revenue Service concerning your tax-exempt status under Sec. 501(c)(3) of the Internal revenue Code together with any separate letter which provides recognition of your initial and continuing qualification as other than a private foundation under Sec. 509 of the Internal revenue code.
  7. A copy of your IRS Form 990 shall be furnished to The Foundation, at its request, together with any other financial statements respecting the years in which funds are being expended out of this grant.
  8. 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.