THE FOUNDATION WILL ENGAGE IN A PRE-GRANT INQUIRY OF EACH PROSPECTIVE RECIPIENT, AS WELL AS REQUIRE GRANT PROPOSALS FROM ORGANIZATIONS SEEKING GRANTS ABOVE A CERTAIN DOLLAR THRESHOLD. IN SELECTING GRANT RECIPIENTS, THE FOUNDATION WILL TAKE INTO ACCOUNT EACH PROSPECTIVE RECIPIENT'S FINANCIAL STATUS AND NEED, TAX-EXEMPT STATUS, MISSION, EXEMPT ACTIVITIES, AND ABILITY TO ACCOMPLISH THE PURPOSES FOR WHICH THE GRANT WOULD BE PROVIDED. GRANT RECIPIENTS WILL BE REQUIRED TO SUBMIT FISCAL AND NARRATIVE REPORTS ON THE USE OF GRANTS ON A REGULAR BASIS FROM THE DATE OF THE DISTRIBUTION UNTIL SUCH TIME AS THE GRANT HAS BEEN FULLY EXPENDED.

THE FOUNDATION WILL PROVIDE GRANTS AND SUPPORT TO ORGANIZATIONS FOR CHARITABLE OR EDUCATIONAL PURPOSES. IN THE EVENT THE FOUNDATION LEARNS THAT A GRANT HAS BEEN MADE OR USED FOR PURPOSES INCONSISTENT WITH THE FOUNDATION'S REQUIREMENTS AND/OR EXEMPT PURPOSES, THE FOUNDATION WILL TAKE REMEDIAL ACTION, WHICH MAY INCLUDE REQUIRING THAT THE RECIPIENT ORGANIZATION RETURN THE GRANT AND WITHHOLDING ANY FURTHER GRANT PAYMENTS.