Please review the following Terms and Conditions, then select "Accept" below to indicate that you are an authorized representative of the Grantee organization and that you accept the Terms & Conditions of the requested Grant.
Martha's Vineyard Bank Charitable Foundation Terms and Conditions
This Grant from the Martha's Vineyard Bank Charitable Foundation is for the explicit purposes described in the Grant Application and is subject to the Grantee's acceptance of the terms and conditions specified in this document.
Expenditure of Grant Funds
This Grant may be expended only in accordance with the Grant Application and budget as approved by the Martha's Vineyard Bank Charitable Foundation. Any modifications to the initial proposal must receive prior written authorization from the Foundation. This includes changes in the program/project, staff, funding from other sources, relationships with other agencies as well as any other material changes affecting the purpose for which the Grant was awarded. No portion of these funds may be used for purposes not clearly identified as charitable under the law.
Equipment and/or other supplies purchased with this Grant shall be the property of the Grantee as long as they are not diverted from the purpose/s for which the Grant was made. The Grantee is responsible for the expenditure of the funds and for maintaining adequate financial records consistent with generally accepted accounting practices.
Reports to the Martha's Vineyard Bank Charitable Foundation
Grantees are required to submit final narrative and financial reports relating to the purposes of this Grant to the Martha's Vineyard Bank Charitable Foundation within one year of the Grant award. The Grantee agrees to provide all of the information necessary to demonstrate that the funds have been used for the purposes intended. The requirements for these final narrative and financial reports will be provided to the Grantee by the Martha's Vineyard Bank Charitable Foundation.
Reversion of Grant Funds
At the end of the program/project supported by this Grant, the Grantee agrees to return any unexpended funds to the Martha's Vineyard Bank Charitable Foundation. The Foundation reserves the right to terminate this Grant at any time if, in its sole discretion, it determines that the Grantee has made any misrepresentations, misappropriated Grant funds, or acted in a manner inconsistent with the purposes of the Grant including any special conditions of the Grant award. At that time, all unexpended funds shall be returned to the Martha's Vineyard Bank Charitable Foundation. Funds also shall be returned to the Foundation if the Grantee loses its tax-exempt status under Section 501(c)(3) of the Internal Revenue Code or experiences bankruptcy or insolvency. The Grantee's fiscal agent also shall be bound by these terms for the reversion of Grant funds.
The Grantee agrees that it will not unlawfully discriminate in employment practices, volunteer opportunities, or the delivery of programs or services, on the basis of race, religion, gender, national origin, age, medical condition, disability, veteran status, marital status or sexual orientation.
The Grantee agrees to credit the Martha's Vineyard Bank Charitable Foundation in all of the publicity relating to this program/project. This may include press releases, presentations, media coverage and the Grantee's publications and website. The Grantee agrees to notify the Martha's Vineyard Bank Charitable Foundation of any upcoming publicity or media coverage relating to the Grant.
The Grantee also agrees to cooperate with the Martha's Vineyard Bank Charitable Foundation in their efforts to highlight this Grant in their publications as well as on their websites. This may include arranging interviews and photo sessions with the Grantee's staff, board and clients, providing the Foundation with photographs, slides and graphics along with the required signed releases and providing access to background material relevant to the funded program/project.
Limit of Commitment
The Grantee acknowledges that the Martha's Vineyard Bank Charitable Foundation is under no obligation to provide additional support for this program/project or the Grantee organization. Further, it is understood that there is no commitment to, or expectation of, future funding from the Foundation.