Fillable Form 1: (Colorado Association of Realtors)

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Form 1: (Colorado Association of Realtors)

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1
Updated 4/21/20
Colorado Association of REALTORS® Foundation
Grant Acceptance Conditions 2020
The Colorado Association of REALTORS® (CAR) Foundation is awarding this grant to (organization) as the
Grantee contingent upon the following:
TAX-EXEMPT STATUS:
(Organization) is a nonprofit organization currently recognized by the Internal Revenue Service as a
public charity described in sections 501(c)(3) and 509(a)(1), (2), or (3) of the Internal Revenue Code of
1986 as amended (the “Code”):
• (Organization) tax exempt status under sections 501(c)(3) and 509(a) of the Code has not
changed since the issuance of the IRS determination letter which was provided to the CAR
Foundation, and
• There is no issue presently pending before any office of the Internal Revenue Service that could
result in any proposed changes to your tax-exempt status under Sections 501(c)(3) and 509(a) of
the Code.
EXPENDITURE OF FUNDS:
This grant is awarded for the purpose outlined in the grant award letter and may not be expended for
any other purpose without the CAR Foundation’s prior written approval.
If the grant is intended to support a specific project or to provide general support for a specific period,
any portion of the grant unexpended at the completion of the project or the end of the period must be
declared in writing to the CAR Foundation, to decide how to proceed with the remaining funds.
(Organization) may not expend any grant funds for any political or lobbying activity or for any purpose
other than the one specified in section 170(c)(2)(b) of the Code.
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Updated 4/21/20
NO ASSIGNMENT OR DELEGATION:
You may not assign, or otherwise transfer, your rights or delegate any of your obligations under this
grant without prior written approval from the CAR Foundation.
RECORDS AND REPORTS:
(Organization) is required to provide the CAR Foundation with a written report summarizing the project
by December 1, 2020. Your report should include the following:
• Program Implementation: Update on what was originally planned and what has been
accomplished.
o Include statistics of how many people/families were served.
• Program Outcomes: Provide information on evaluation activities and on the degree to which
the program is producing the results that were expected.
• Change of Plans: Explain if any changes were needed and why.
• Challenges, Successes, and Lessons: If your organization has encountered specific challenges in
implementation of the program, or has had great success in some area, let us know. Also
include any lessons learned that will enhance the future work of your organization.
• Financial Overview: Explain the grant’s status including income, expenditures by line-item, and
funds remaining if applicable.
• Attachments: Attaching pictures, news clips, letters from those benefitting from the program,
or video clips will be appreciated.
You also agree to provide any other information reasonably requested by the CAR Foundation. If your
organization obtains any audited financial statements covering any part of the period of this grant,
please provide a copy to the CAR Foundation as well.
REQUIRED NOTIFICATIONS:
(Organization) is required to provide the CAR Foundation with immediate written notification of: (1) any
changes in your organization’s tax-exempt status; or (2) your inability to expend the grant for the
purposes described in the grant award letter.
PUBLICITY:
(Organization) will allow the CAR Foundation to review and approve the text of any proposed publicity
concerning this grant prior to its release. The CAR Foundation may include information regarding this
grant, including the amount and purpose of the grant, any photographs you may have provided, your
logo or trademark, or other information or materials about your organization and its activities, in the
CAR Foundation’s periodic public reports, newsletters, and news releases.
Any correspondence or notifications can be made to:
Stacey Brown, Executive Director of the CAR Foundation
309 Inverness Way South
Englewood, CO 80112
303-785-7126
sbrown@coloradorealtos.com
3
Updated 4/21/20
The undersigned certify that they are the recipient of this grant and agree to observe all of the terms
and conditions placed on this grant, and in connection with this grant to make, execute and deliver on
behalf of the Grantee all grant agreements, representations, receipts, reports and other instruments of
every kind.
ACCEPTED AND AGREED TO:
_________________________________________________________________
Organization Name
Grant Recipient
Grant Recipient Signature and Date
Payee on the check
Address of where the check will be sent to.
Stacey Brown
Executive Director, Colorado Association of REALTORS® Foundation
Executive Director Signature and Date, Colorado Association of REALTORS® Foundation
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Form 1: (Colorado Association of Realtors)

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Completed 6 November 2020

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