By accepting a grant from the Talbert and Leota Abrams Foundation, the grantee agrees to the following:
- The grant must be used for charitable purposes and, in particular, to support the purposes set forth in the grant award letter.
- The Foundation may withhold grant payments and require a refund of any unexpended grant funds if (a) grant funds are used for improper purposes, (b) circumstances change such that the purpose of the grant can no longer be reasonably carried out, or (c) the grantee fails to maintain its public charity status under IRC 509(a)(1) or (2).
- The grantee must repay to the Foundation any portion of the grant that is not used for proper charitable purposes. Further, any unexpended grant funds remaining at the end of the grant period must be returned to the Foundation upon its request.
- The grant funds may not be used to lobby or to engage in political campaign activities. Further, the grantee must not, directly or indirectly, engage in, support or promote violence or terrorist activities.
- The grantee will exercise control over the activities funded by the grant and the process of selecting any secondary grantee, contractor or other recipient of grant funds.
- The grantee must maintain financial records and supporting documentation for expenditures and receipts related to the grant during, and for five years after, the expenditure of all grant funds. Upon the Foundation’s request, the grantee will give the Foundation reasonable access to such records.
- The grantee must submit annual reports to the Foundation on the usage of grant funds. A template for the reports is available at: https://www.the-abrams-foundation.org/grants/
grant-reporting/. - The grantee must promptly notify the Foundation of any change in its qualification as a public charity described under sections 501(c)(3) and 509(a)(1) or (2) of the Internal Revenue Code.