Cape Fear Memorial Fndtn $40,000 Health Equip grant(Cap e ear
MOR1AL FOUNDATION
GRANT CONTRACT
Organization: New Hanover County Health Department
Amount of Grant: $40,000.00
Date of Payment: 4/15/2013
Term of Grant: 12 Months
Project Title: Medical Equipment
Grant ED: # 1477
The following terms are agreed upon as conditions for this grant:
The tax - exempt status verified in the proposal is still valid; any changes in the organization that could
lead to a change in the status will be reported to Cape Fear Memorial Foundation immediately.
2. The funds will be used by the above -named organization solely for the purposes described in the project
title above. No funds will be utilized for the purpose of promotion or advancement of political causes
3. The organization will keep and maintain records of expenditures adequate to verify the use of grant funds.
Progress reports concerning budget, personnel and program developments will be timely completed and
returned to Cape Fear Memorial Foundation. Misappropriation of grants funds or unsatisfactory progress
(as determined by the Foundation) may result in a demand that the grantee repay grant funds to the
Foundation.
4. The organization will repay, upon demand, to Cape Fear Memorial Foundation the amount of the grant if
any condition of the contract is not upheld. Additionally, the organization will repay Cape Fear Memorial
Foundation an amount equal to the book value of any assets acquired through a capital grant from Cape
Fear Memorial Foundation if and when your organization is sold, or loses its tax - exempt status or no
longer provides services consistent with those supported by this grant.
5. The organization will send to the Foundation copies of any printed publicity regarding the awarding of the
grant or the program supported by the grant; the organization may, if it chooses, refer to Cape Fear
Memorial Foundation's support in any such publicity.
6. Future payments under multi -year grants will be subject to availability of funds and to satisfactory review
of progress reports which document meaningful progress toward the goal.
The following special terms will be observed: None
The t his contract are accepted by:
C t R ME FOUNDATION
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B
Anna Erwin, CPA, President
New Hanover County Health Department
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Chairman
Date: March 20, 2013 By:
Signature of Boped Chairman
Date: S-6--13