THE FOUNDATION WILL REQUIRE THAT A CHARITY RECIPIENT PREPARE A PROPOSAL SETTING FORTH THE USE OF GRANT FUNDS AND THE REPORTING REQUIREMENTS OF THE CHARITY. RECIPIENTS SHALL PROVIDE AN ANNUAL REPORT REGARDING THE USE OF FUNDS AND THE STATUS OF ANY ONGOING PROJECTS. IF NECESSARY, THE FOUNDATION WILL REQUIRE UPDATED BUDGET INFORMATION OR ADDITIONAL REPORTS TO ENSURE THE FUNDS ARE BEING USED PROPERLY.

THE TRUST ESTATE OF THE FOUNDATION SHALL, AT ALL TIMES, BE ADMINISTERED AND DISTRIBUTED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, AND/OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THERE WILL BE NO RELATIONSHIP BETWEEN THE RECIPIENT AND THE FOUNDATION.